Scandinavian Enviro Systems AB (publ) board and management subscribe for another 730,905 units in ongoing Rights Issue
Scandinavian Enviro Systems AB (publ) (”Enviro” or ”the Company”) announces today that the Board of Directors and Management will subscribe for an additional 730,905 units in the current rights issue with units of shares and warrants ("Rights Issue"), published on October 26, 2018. This press release refers to subscriptions in addition to the subscriptions of 2,185,415 units already entered into by the Board and Management.
The terms of the Rights Issue include two (2) newly issued shares and two (2) warrants for each subscription and allotment unit. One (1) warrant entitles the holder to subscribe for a (1) newly issued share during the period from September 2 to September 13, 2019. The Rights Issue is covered by 4.9 percent of subscriptions and 75.1 percent of external guarantee commitments. Thus, 80 percent of the amount in the Rights Issue is comprised of subscriptions and guarantee commitments.
In addition to the subscriptions already signed, the Board and Management will subscribe for an additional 730,905 units. This is divided into:
Board member, Jan Bruzelius
- Subscribes for another 100,000 units with preferential rights in addition to previous subscription commitments of 100,000 units.
- Jan Bruzelius has signed a total of 200,000 units.
Board member, Lennart Persson
- Subscribes for another 630,905 units with preferential rights in addition to previous subscription of 1,750,000 units.
- Lennart Persson has signed a total of 2,380,905 units.
These additional commitments from Enviro's Board and Management leads to a total subscription of 2,916,320 units in the Rights Issue.
Schedule for the Rights Issue:
December 18, 2018: Deadline for subscription in the Rights Issue
December 20, 2018: Publication of results
For more information, please contact:
Thomas Sörensson, CEO Enviro, +46 (0)735-10 53 43, email@example.com
Urban Folcker, CFO Enviro, +46 (0)760-00 13 11, firstname.lastname@example.org
Alf Blomqvist, Chairman of the Board Enviro, +46 (0)733 149 700, email@example.com