Conversion period for Swedish Stirling KV1 initiated

Today, the conversion period begins for Swedish Stirling AB’s convertible bonds 2017/2019 (Nordic MTF: STRLNG KV1) (“KV1”). The conversion period runs from and including 1 October 2019 until and including 18 November 2019.

Convertible bond holders with directly registered holdings who wish to convert its convertible bonds should request conversion by using a specific application form. Application form and information about the conversion process will be sent by regular mail to all directly registered convertible bond holders. Convertible bond holders with KV1 registered in a custody account with a nominee, who wish to convert its convertible bonds, must request conversion in accordance with the instruction from its nominee(s).

The conversion process in brief

• The conversion period runs from and including 1 October 2019 until and including 18 November 2019.

• The conversion rate, after being recalculated according to the terms and conditions for KV1, is 4.40 SEK per share. Upon conversion, one new share is received for each full amount corresponding to the conversion price of the total nominal amount of the convertible bonds that each convertible bond holder simultaneously wishes to convert.

• Last day of trading in KV1 is on 13 November 2019.

• The new shares following conversion are estimated to be registered by the Swedish Companies Registration Office on or around 27 November 2019 and are expected to be traded on Nordic MTF on or around 29 November 2019.

The final maturity date of the convertible loan is 30 November 2019. The remaining loan and interest will be repaid and paid on 2 December 2019 to those who are registered as convertible bond holders on the record date for payment 25 November 2019.

For further information please contact:

Sven Ljungberg, CCO, Swedish Stirling AB, +46 (0)31 385 88 30  ir@swedishstirling.com. 

About Swedish Stirling

Swedish Stirling is a Swedish clean tech company founded in 2008 with a mission to further refine the incomparable ability of Stirling technology to convert thermal energy to electricity. The company offers a variety of solutions enabling power generation at record-low prices compared to other climate-friendly and sustainable alternatives. Swedish Stirling’s Stirling engine can handle a wide range of fuels. The company's latest product, the PWR BLOK 400-F, converts industrial residual and flare gases into electrical energy at a high rate of efficiency. The company’s shares are listed in Sweden (on the NGM Nordic MTF),and can also be traded on the Börse Stuttgart in Germany. Read more at www.swedishstirling.com