Today is the last day for subscription of shares in the ongoing rights issue

Today, October 16, 2019, is the last day for subscription of shares in Enersize's ongoing rights issue with preference in Sweden.

This press release shall not, directly or indirectly, be released, published or distributed in or to the United States, Australia, Japan or Canada or any other country where such action as a whole or in part is subject to legal restrictions. Further restrictions apply. Please see “Important information” at the end of the press release.

• Preference:
  • One (1) existing share gives the right to subscribe for two (2) newly issued shares.
  • When two (2) newly issued shares are subscribed, one (1) free subscription option of series 2/2019 is received.
• Issue price: SEK 0.65 per share.
• Subscription period in Sweden: October 1, 2019 - October 16, 2019.
• Subscription period in Finland: October 1, 2019 - October 18, 2019.
• Issue guarantee: Subscription commitments and issue guarantees have been received in advance, corresponding to 60 percent of the issue amount of approximately SEK 47 million.
• Notification of any allocation will be provided by sending a settlement note, which is expected to take place around October 22, 2019.
• Trading: The shares are traded on the Nasdaq First North Growth Market.
• Reporting the outcome of the new share issue is expected to take place on October 22, 2019.

 Subscription for the Rights Issue

The places of drawing are:

a) In Sweden through Mangold's website www.mangold.se and

Mangold Fondkommission AB, Engelbrektsplan 2, 114 34 Stockholm

(emissionser@mangold.se, tel. +46 8-503 01 580).

b) in Finland custodian institutions and account-holding institutions.

The subscription registration in Sweden is also received by managers who have an agreement with Mangold on this.

Investors must follow the instructions issued by the trustees and Mangold Fondkommission AB.

Information to Finnish shareholders

To be able to trade shares or warrants on Nasdaq First North Growth Market, a Finnish shareholder will need to transfer their shares to Euroclear Sweden AB's securities system. If a Finnish investor acquires shares through trading on the Nasdaq First North Growth Market, such shareholders will need to transfer their shares to Euroclear Finland's system in order to be registered as the owner of the share register administered by Euroclear Finland.

Such cross-border settlement is associated with additional costs and lead times. The Accounting Institute will be charged a transfer fee by Euroclear Sweden and Euroclear Finland and the fee and other costs charged by the banks involved are likely to be levied on the shareholder.

Advisor

Mangold Fondkommission AB is financial adviser to Enersize in connection with the rights issue. The law firm Smartius Oy and Eversheds Sutherland Advokatbyrå AB are legal advisors to the company.

Certified Advisor 

Svensk Kapitalmarknadsgranskning AB

E-post: ca@skmg.se

Telefon: +46 11 32 30 732

For more information about Enersize, please contact: 

Anders Sjögren, CEO

Telephone: +46(0)730-763530

E-mail: anders.sjogren@enersize.com

The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.

Brief information about Enersize

With its proprietary patent-pending automated software, Enersize Q+ for leakage management, data collection and analysis, Enersize can provide 10-50% energy savings in industrial compressed air systems. With Enersize Enterprise, the customers can measure and monitor several factories centrally. Through the recently acquired Enersize LEAQS system, the company has access to more than 9000 leakage management projects, and the associated more than 4000 customers worldwide. The combination of the company’s software services can increase the customer’s savings in running projects, while generating direct license and project revenue. 90% of the manufacturing industry uses compressed air, which constitutes about 2% of the world's total electricity consumption. Among Enersize's existing customers are one of the world's largest manufacturers of flat screens and well-known car manufacturers and steel mills. The company is headquartered in Helsinki, have a sales office in Gothenburg and a development office in Lund. The company is listed on Nasdaq Stockholm First North Growth Market under the ticker: ENERS. www.enersize.com

Important information

This press release is not an offer to subscribe for shares in Enersize and investors should not subscribe or acquire any securities. Invitation to concerned persons to subscribe for shares in Enersize will only be made through the prospectus that Enersize is expected to publish on 24 September 2019.

This press release shall not, directly or indirectly, be released, published or distributed in or to the United States, Australia Japan or Canada or other country where such action as a whole or in part is subject to legal restrictions.

Neither subscription rights, paid subscribed shares (”BTA”), newly issued shares or warrants have been recommended or approved by any US federal or state securities authority or regulatory authority. No subscription rights, BTA, newly issued shares have been registered or will be registered under the United States Securities Act of 1933, as applicable, or in accordance with applicable laws in the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa or in any other country where the Rights Issue or distribution of the press release is in violation of applicable laws or regulations or presupposes that a further prospectus is established, registered or that any other measure is undertaken beyond that required by Swedish law.

There is no intention to register any portion of the offer in the United States and the securities issued in the Rights Issue will not be offered to the public in the United States.

This press release may contain certain forward-looking information that reflects Enersize’s current views on future events as well as financial and operational development. Words that are "intended", "come", "judged", "expected", "can", "plan", "appreciate" and other expressions that imply indications or predictions about future developments or trends, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties because it depends on future events and circumstances. Forward-looking information does not constitute a guarantee of future performance or development and actual outcomes may differ substantially from what is stated in forward-looking information. This information, the opinions and the forward-looking statements contained in this press release are valid only on this date and may be amended without notice. Enviro makes no representations about publishing updates or revisions of forward-looking information, future events or similar circumstances other than the applicable law.