Swedish Stirling announces that a product sales agreement is unlikely to be reached with Glencore and extends subscription period in the rights issue
The Board of Directors of Swedish Stirling AB (publ) ("Swedish Stirling" or the "Company") hereby announces that, based on the terms included in Glencore’s proposal, and the terms required by Glencore, for a product sales agreement for PWR BLOKs, Swedish Stirling deems it unlikely that the parties will reach a product sales agreement for PWR BLOK. In light hereof, Swedish Stirling’s Board of Directors has resolved to extend the subscription period in the rights issue, and intends to waive the subscription and underwriting commitments received by a number of existing shareholders and external