Ripasso Energy share issue completed – preliminary results shows oversubscription

The subscription period for the share issue in Ripasso Energy AB (publ) closed on 15 December 2017. The issue raised approximately SEK 91.7 million before issue costs. Interest has been considerable, and the share issue is oversubscribed.  Nearly all subscription rights have been exercised, and few shares or none at all will be allotted to those who subscribed without preferential rights. The final result of the share issue will be announced on 19 December 2017.

“We thank our shareholders for their trust. We now have all the resources in place to build a successful and profitable export company,” says Sven Sahle, Ripasso Energy AB’s Chairman of the Board and largest shareholder.

For additional information related to this press release, please contact Ripasso Energy’s Chairman of the Board Sven Sahle at ir@ripassoenergy.com. For additional information about the company, please visit www.ripassoenergy.com. You can also sign up for the company’s newsletter on the website. 

Ripasso Energy is a Swedish cleantech company founded in 2008 to further develop the Stirling technology’s outstanding ability to convert heat energy into electricity. The company offers different solutions for power generation at record low prices, compared to other climate-smart and sustainable alternatives. Ripasso Energy’s Stirling engine has unofficial world record in converting solar energy to electricity with close to twice as high efficiency as competitive technologies. The company is listed in Sweden (NGM Nordic MTF), and can also be traded at Börse Stuttgart in Germany. Read more at www.ripassoenergy.com. 

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