Fully Subscribed share issue ahead of planned listing at Nasdaq Stockholm First North

This information in English is a summary of the regulatory information in Swedish that was released on 17th of May 2017.

The share issue raised approximately SEK 28 million (including subscription undertakings) and is hence fully subscribed. Enersize will thus be provided approximately SEK 28 million before issue costs of approximately SEK 2 million. Through the share issue, Enersize have gained 700 new shareholders. First day of trading is, given the marketplace’s approval, planned to be June 15th 2017.

Sami Mykkänen, CEO of Enersize, comments

”I would like to direct a thank you to all who have subscribed for shares in the issue. The interest for our technology and road ahead is great and we would like to welcome all of our new shareholders. With the capital we have raised in the share issue, we will be able to proceed the market acceleration we have initiated and appoint key personnel before the planned launch of the fully automated analysis tool. The market acceleration has already begun, for example through new customer deals in China with a second contract with BOE Group and contract with a Foton Cummins factory.”

Christian Merheim, Chairman of the Board, comments

“With this fully subscribed share issue, Enersize has the resources to enter the global market of industrial compressed air optimization. Already today, we’re unique with our use of advanced data analysis on a market that is characterised as local, fragmented and having a slow technological development. Enersize’s advanced technology and automated as well as co-ordinated possibilities will mean a paradigm change within the industrial compressed air sector and Enersize is now perfectly positioned to be the future market leader.”

Subscription and allotment of share issue

In total, the received subscription forms corresponds to approximately SEK 28 million (including subscription undertakings), representing a subscription rate of approximately 100 percent. A total of 4.050.000 new shares are issued. Enersize will thus be provided approximately SEK 28 million before issue costs of approximately
SEK 2 million. Those who receive shares will receive contract notes, which are expected to be sent out, May 17th 2017. Subscribers that are not allocated shares will not receive contract notes. Payment shall be made four Swedish banking days after issuing of contract notes at the latest.

Planned listing on First North

Enersize has filed an aplicatioon fr listing to Nasdaq First North Stockholm. Pending Nasdaq First North Stockholm approval the first day of trading is planned to be June 15th 2017. Approximately 60% of all the companys shares are under lock-up agreements from the first day of trading.

Shares and share capital

After the share issue has been registered at the Finnish Patent and Registration Office, the total number of shares will increase to 29.229.680. Capital from the share issue will be allocated to the SVOP fund (fund for unrestricted equity reserve). The share capital after registration will be EUR 82.296,54.

For further information regarding the share issue and the planned listing, please contact:

Sedermera Fondkommission

Telephone: +46(0)40-615 14 10

E-mail: info@sedermera.se 

For further information regarding Enersize, please contact:

Christian Merheim, Chairman of the Board

Telephone: +46(0)708-182 853

E-mail: christian.merheim@enersize.com