First tranche from European High Growth Opportunities Securitization Fund
First tranche from EHGOSF has been payed, in accordance with the financial agreement announced by EcoRub through the press release of October 8th, 2018.
The tranche consists of warrents with warrants attached was 5 million SEK. This tranche must be converted into shares within 12 months.
In connection with the tranche, warrants will be issued entitling the Investor to subscribe for class B shares of the Company, upon their exercise. It is 4 861 111 warrants to a price of 0,36 SEK. Should all warrants be exercised it would be a value of 1 750 000 SEK. The warrants have to be exercised, if used, within 5 years. 5% of the tranche has been paid as a commitment fee instead of interest on the convertible loan.
For information about the financing agreement and other terms, see the press release from October 8, 2018.
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 November 2, 2018.
+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, copolymers 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.