Change in number of shares in BrainCool AB (publ)

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Conversion of convertible notes into shares, as part of the financing agreement announced 23 November 2017.

The number of convertible notes converted on January 9, 2019, was 9. The number of convertible notes remaining under the first tranche for future conversion is 7. The number of shares and the number of votes before the conversion was 37 191 626. Through this conversion, and once the shares from the conversion will be registered at Bolagsverket, the number of shares and the number of votes shall have increased by 139 968. The total number of shares and total number of votes after this conversion and once the shares have been registered at Bolagsverket will amount to 37 331 594.

Conversion price is 6,43 SEK per share and conversion amount is 900 000 SEK.

For terms and conditions of the convertible notes, please visit:

http://www.braincool.se/en/nyemission_en/ 

For more information

Martin Waleij - CEO                              A                                 
+46 - 733 -93 70 76                                                                                          
E-mail: martin.waleij@braincool.se                       

About BrainCool AB (publ)

BrainCool AB (publ) is an innovative medical device company that develops, markets, and sells leading medical cooling systems for indications and areas with significant medical benefits within the healthcare sector. The company focuses on two business segments, Brain Cooling and Pain Management. BrainCool AB (publ) is based in Lund, Sweden, and its share is listed on Spotlight Stock Market.

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