The Board's comments on the annual report regarding working capital
In the annual report for the financial year 2020, it was stated that the NTG Group will need to be provided with additional capital in the autumn of 2021 for the financing of development plans for the subsidiaries Lightcircle and Rock Energy.
NTG's Board of Directors works continuously to assess the Company's working capital requirements in both the short and long term and whether the capital requirements are to be met through externally raised loans or through contributions of equity or a combination thereof. The Board intends to return with additional information when the conditions for a capital raising have been further investigated.
For additional information, please contact:
Reidar Michaelsen, Chairman
Telephone: +47 930 58995
This information is such that Net Trading Group NTG AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the care of the above contact persons, for publication on June 30, 2021, at 18:15 (CEST).
Net Trading Group NTG AB (publ) (trade symbol: NTGR) is a holistic Nordic ESG company that owns unique technology related to energy production and energy saving via Rock Energy and Lightcircle, respectively. Our technology enables us to follow the power throughout the circuit – from our power plants to our smart and unique power outlets. By combining the product mix of both Rock Energy and Lightcircle, major developers can now acquire energy in areas where there is no network, reducing concerns about unpredictable energy costs and unstable or congested grids.