Share lending completed
As a part of the financial agreement four million shares of EcoRub B has been lended out.
The agreement with European High Growth Opportunities Securitization Fund says that four million shares shall be lended out for the duration of the agreement. That has been solved by board member Jens Malmgren who has lended out two million shares. CEO Åke Paulsson has lended out one million shares and Ulf Paulsson has lended out one million shares. The shares are lended out for the duration of the agreement. Initially for 18 months and can be prolonged on an yearly base.
CEO Åke Paulsson has one year ago lended out four million eight hundred shares to Bracknor LTD in correspondence with the agreement with Bracknor Fund Ltd. These shares are still lended out and shall be that for the duration of the agreement.
Åke Paulsson
Vd
+46 70 66 34 174
EcoRub AB (publ):
EcoRub is a cleantech company. The company has a hybrid material TPRR - ThermoPlastic Recycled Rubber- which is patented. We mix thermoplast, rubber powder, copolymera and sometimes organic fibres as wood dust or straw to make a new material - ecological rubber - with unique performance. The properties are among other excellent weatherability, stress performance and the material can easily be recycled. The material is used for incjection moulding with equipment used in plastics industry. We can also process the material to sheets and mats.