MyFC’s Board and executive management intend to participate in the rights issue

The board of directors and senior executives of myFC intend to participate fully in the ongoing rights issue. The rights issue is guaranteed at 67%.

Björn Westerholm (CEO), Ulf Henning (CFO), Torbjörn Möller (COO), Michael Glantz (CPO), Max Rydahl (Sales and Marketing Director), Sebastian Weber (CTIO), Jörgen Lantto (Chairman), Susanne Holmström (Board Member) Lars Gullikson (Board Member), all intend to subscribe for shares, privately and/or through family members and companies, in myFC’s rights issue with subscription period May 23 - June 7, 2018. This means that the entire board and management will participate fully in the rights issue.

The commitment involves subscription of approximately 763,000 shares at the issue's subscription price of SEK 3, which corresponds to approximately SEK 2.3 million.

MyFC announced on April 9 that the company intended to issue shares for SEK 100 million before issue costs. The prospectus as well as subscription notes without subscription rights can be obtained from myFC’s website (myfcpower.com) and the website of Hagberg & Aneborn Fondkommission AB (hagberganeborn.se).

This information is information that myFC is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 07:50 CET on 18 April 2018.

For further information, please contact: 
myFC Press Office 
Email:  press@myfc.se 
Phone: +46 (0) 738 09 33 83

About myFC

MyFC is a Swedish innovation company and market leader in micro fuel cells which develops green energy solutions and markets the underlying components and advantages of its patented technologies to the smartphone world, power bank manufacturers and manufacturers (OEM) in the automotive industry. In 2017, myFC launched its JAQ Hybrid platform, which co-locates fuel cell and battery. JAQ Hybrid is the company's third hydrogen-powered product following JAQ and PowerTrekk. It runs on the company's patented fuel consisting of salt, water and reactants. MyFC was founded in 2005 and is part of the group myFC Holding AB. MyFC Holding was listed on NASDAQ First North in May 2014. Its head office is located in Stockholm and the company's Certified Advisor is Avanza Bank. For more information, visit www.myfcpower.com

About Us

MyFC is a Swedish innovation company and market leader in micro fuel cells which develops green energy solutions and markets the underlying components and advantages of its patented technologies to the smartphone world, power bank manufacturers and manufacturers (OEM) in the automotive industry. In 2017, myFC launched its JAQ Hybrid platform, which co-locates fuel cell and battery. JAQ Hybrid is the company's third hydrogen-powered product following JAQ and PowerTrekk. It runs on the company's patented fuel consisting of salt, water and reactants. MyFC was founded in 2005 and is part of the group myFC Holding AB. MyFC Holding was listed on NASDAQ First North in May 2014. Its head office is located in Stockholm and the company's Certified Advisor is Avanza Bank. For more information, visit www.myfcpower.com