Enviro’s COO sells shares in order to fully invest in warrant program
N.B. 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.
Scandinavian Enviro Systems AB’s COO Olov Ershag has divested 813 256 shares in the company at a share price of 0,49 SEK. According to Olov the proceeds will be re-invested to utilize his complete holding of SES TO2 warrants with subscription period between 2019-09-02 to 2019-09-13. Utilization of the warrants adds capital to the company, this is one of the purposes of the transaction.
For more information, please contact:
Thomas Sörensson, CEO Enviro, +46 (0)735-10 53 43, firstname.lastname@example.org
Urban Folcker, CFO Enviro, +46 (0)760-00 13 11, email@example.com
Alf Blomqvist, Board Chairman Enviro, +46 (0)733 149 700, firstname.lastname@example.org
Mangold Fondkommission AB, +46 8 503 01 550, email@example.com, is Enviro’s Certified Advisor at Nasdaq First North Stockholm.
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 Nasdaq First North securities exchange with Mangold Fondkommission AB, tel. +46 (0)8 5030 1550, firstname.lastname@example.org, as its Certified Advisor. www.envirosystems.se