European High Growth Opportunities Securitization Fund has requested its fourth conversion of notes
In accordance with the financial agreement announced by EcoRub through the press release of October 8th, 2018 EHGOSF has requested conversion of five notes.
The first tranche was for 5 million SEK and divided into fifty notes. Sixteen of these notes have earliar been converted. Five notes will now be converted into shares. The value of these notes are 500 000 SEK. The conversion price for the first trance is 95 % of the lowest closing VWAP of the shares during a period of fifteen trading days before the day of decision which was 2019 01 17. The price of the shares that will be converted is 0,23 SEK.
500 000 SEK corresponds to 2 173 913 shares. This will increase the shares from 83 108 754 to 85 282 667 shares and a dilution with 2,6 percent.
This information is such that EcoRub AB is required to make public in accordance with the EU’s market abuse regulation (MAR) and the Swedish Securities Market Act. The information was made available public by the Company’s contact person on January 17, 2019
Åke Paulsson
CEO
+46 70 66 34 174
EcoRub AB (publ):
EcoRub is a cleantech company. The company has a hybrid material TPRR - ThermoPlastic Recycled Rubber- which is patented. We mix thermoplast, rubber powder, copolymera and sometimes organic fibres as wood dust or straw to make a new material - ecological rubber - with unique performance. The properties are amoung other excellent weatherability, stress performance and the material can easily be recycled. The material is used for incjection moulding with equipment used in plastics industry. We can also process the material to sheets and mats.