Enviro's Board and management intend to subscribe around 7,1 million warrants
The Board and the Management Team of Scandinavian Enviro Systems AB have announced their intention to exercise around 7,1 million warrants of series 2018/2019 (TO2). The subscription period for the options continues until September 13, 2019.
The subscription price for warrants of series 2018/2019 (TO2) has, as previously communicated, been set at SEK 0.40. Holders of warrants have the right to subscribe for one (1) new share in Enviro for each owned warrant for SEK 0.40 per share.
The number of warrants that will then be subscribed for by members of the Board and members of the management amounts to 7,070,712, corresponding to a subscription of 7,070,712 shares with a value of approximately SEK 2.8 million.
For more information, please contact:
Thomas Sörensson, CEO Enviro, +46 (0)735-10 53 43, email@example.com
Urban Folcker, CFO Enviro, +46 (0)760-00 13 11, firstname.lastname@example.org
Alf Blomqvist, Board Chairman Enviro, +46 (0)733 149 700, email@example.com
Mangold Fondkommission AB, +46 8 503 01 550, firstname.lastname@example.org, is Enviro’s Certified Advisor at Nasdaq First North Growth Market.
Enviro is a company developing, building and operating industrial plants for material recovery from End of Life Tyres (ELT). The company has developed a process, based on a patented technology, where gas generated in the process is heating the tyres in absence of oxygen. This enables the materials in the tyres to decompose and be recovered instead of incinerated. Thus, a sustainable recovery of the resources Carbon black, Oil, Steel and Gas is obtained. The products are used in new products, replacing fossil resources to help the customers reach their sustainability targets. Enviro was founded in 2001, has its head office in Gothenburg and runs its own plant for ELT tyres in Åsensbruk, Sweden. The company is listed on the First North Growth Market with Mangold Fondkommission AB, tel. +46 (0)8 5030 1550, email@example.com, as its Certified Advisor. www.envirosystems.se