Cleantech Invest share issue subscribed more than 3.5 times
Cleantech Invest Plc (“Cleantech Invest” or the “Company”) has carried out an issuance of class A shares with additional options (the “Offering”), during the period between 19 February and 7 March 2016. The share issue was carried out in order to broaden the Company’s ownership base and increase awareness of the Company in Sweden. The Offering of 1,075,270 new class A shares (approximately 10 MSEK) has been subscribed 363% with subscriptions coming in from 1233 investors, approximately doubling the number of shareholders in the Company. The Board of Directors has therefore decided to exercise the additional share allotment of 215,050 new class A shares increasing the share issue size to approximately 12 MSEK in total.
Alexander Lidgren, Managing Director of Cleantech Invest: “It is no overstatement to say that investors have been very positive throughout the roadshow. Being part of a group of companies that aims to solve some of the biggest global challenges of our time is clearly exciting. We are happy that interest was high, we now have a good base that will follow our development closely, and we are confident that it will be worth following.
Lassi Noponen, Chairman of the board: ”I want to thank all new shareholders for your confidence in Cleantech Invest. We focus on Nordic teamwork and results have been good. Strengtened with a Swedish shareholder base and new resources we will continue supporting our fast growing companies as well as developing our business towards becoming a leader on a European stage.”
On 10 March 2016, the Board of Directors of Cleantech Invest resolved on the allocation of shares and to approve the subscriptions received in the Offering according to the allocation. The acceptance of subscriptions is conditional to payment of the allocated shares on 16 March 2016 at the latest. As a result of the Offering, the number of shares in Cleantech Invest will increase by 1,290,320. After the Offering the total number of shares will amount to 20,634,027. If also all the options issued in connection with the Offering will be used for subscription of shares, the number of Company’s shares will increase with additional 645,160.
Cleantech Invest will receive approximately 12 MSEK in issue proceeds (before transaction costs associated with the Offering to be paid by the Company). An additional up to approximately 8.4 MSEK can be received in November 2016 if the options issued in connection with the Offering are exercised.
The shares subscribed for in the Offering are expected to be registered with the Finnish Trade Register on 29 March 2016 and will be delivered to subscribers through the book-entry system maintained by Euroclear Sweden AB approximately during week 14, 2016. The Company will apply for secondary listing of its class A shares on First North Sweden. Trading in the class A shares is expected to commence approximately on 6 April 2016 under ticker “CLEANT”.
Options subscribed for in the Offering will be delivered to subscribers through the book-entry system maintained by Euroclear Sweden AB approximately during week 14, 2016. The Company will apply for listing of the options subscribed for in the Offering on First North Sweden. Trading in the options is expected to commence on 6 April 2016 under ticker “CLEANT TO1A”.
Advisors
G&W Fondkommision is acting as a financial advisor of the Company in the Offering. Delphi has assisted G&W with legal Due Diligence. Smartius Oy is the legal advisor of the Company on aspects of the Offering related to the Finnish law. Access Partners is the Certified Advisor of the Company.
For more information
Alexander Lidgren, Managing Director
Phone: +46 73 66 01007 E-mail: bigge@cleantechinvest.com
Tarja Teppo, Investor Relations
Phone: +358 50 599 6828 E-mail: tarja.teppo@cleantechinvest.com
Access Partners Oy, Certified Advisor. Tel. 358 9 682 9500
Cleantech Invest in brief
Cleantech Invest is a Nordic accelerator with investments in growth companies that solve global challenges. The portfolio companies are active in energy- and resource efficiency as well as decentralized renewable energy and are based in Finland, Sweden and Germany. The company management consists of company builders and investors who have been active within the cleantech space for over a decade.The company is listed on First North Finland under the ticker: CLEAN
www.cleantechinvest.com
IMPORTANT NOTICE
This release or the information contained therein shall not be distributed, directly or indirectly, in Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or the United States. The information contained in this release do not constitute an offer of, or invitation to purchase any securities in any area, where offering, procurement of or selling such securities would be unlawful prior to registration or exemption from registration or any other approval required by the securities regulation in such area. This release is not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended, and the rules and regulations issued by virtue of it. Cleantech Invest has not registered, and does not intend to register, any offering of securities in the United States. No actions have been taken to register the shares or the offering anywhere else than in Finland and Sweden.
The information contained herein shall not constitute an offer of, or invitation to purchase any securities in any jurisdiction. This release is not a prospectus and does not constitute any offer, invitation or investment advice to subscribe for or purchase securities. Investors should not subscribe for or purchase any securities or make any investment decisions referred to herein except on the basis of information contained in a company description issued by Cleantech Invest.