Cement Fund exercising warrants to subscribe for an additional 31.5 million ordinary shares bringing SEK 63 million cash to Crown Energy
One of Crown Energy AB’s (“Crown Energy” or the “Company”) major shareholders, Cement Fund SCSp, (“Cement Fund”), has elected to exercise all of its 31.5 million warrants in the Company and subscribes for an additional 31.5 million ordinary shares in the Company. The strike price per ordinary share is SEK 2 in accordance with the resolution made by the annual general meeting 2016 held on 4 May 2016. Through the exercise of warrants the Company will now receive an additional cash injection of SEK 63 million. No additional warrants are outstanding in the Company after the exercise.Following