Exercise of subscription warrants in Swedish Stirling

In total, 7 subscription warrants have been exercised to subscribe for 70,000 new shares in Swedish Stirling AB (publ), whereby Swedish Stirling has received approximately SEK 160,000. Following the exercise, all subscription warrants within Swedish Stirling’s warrant program have been exercised.

In accordance with the company’s warrant program, resolved by the extraordinary general meeting held on 10 October 2014, a total of 7 subscription warrants have been exercised to subscribe for 70,000 new shares in Swedish Stirling (the “Exercise”). Through the Exercise, Swedish Stirling has received approximately SEK 160,000.

Each subscription warrant in the warrant program entitles the holder to subscribe for 10,000 new shares for a subscription price of approximately SEK 2.30 per new share. The subscription period runs from and including 1 November 2017 until and including 31 October 2021. Following the Exercise, all 464 subscription warrants within the warrant program have been exercised.

As a result of the Exercise, Swedish Stirling’s share capital will increase by SEK 700 from SEK 1,283,492.53 to SEK 1,284,192.53 and the number of shares and votes in the company will increase with 70,000 shares and votes from 128,349,253 shares and votes to 128,419,253 shares and votes, corresponding to a dilution of approximately 0.05 percent of the total number of shares and votes in Swedish Stirling.

For further information please contact:

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

About Swedish Stirling AB

Swedish Stirling AB 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’s latest product – the PWR BLOK 400-F – is a unique proprietary solution for recycling energy from industrial residual and flare gases and converting these into 100% carbon-neutral electricity at high efficiency. According to an independent certification, the PWR BLOK is the cheapest way to generate electricity that exists today, yielding greater CO₂ savings per krona invested than any other type of energy. Swedish Stirling AB is listed on Nasdaq First North Premier and FNCA Sweden AB is appointed Certified Adviser, +46(0)8-528 00 399, info@fnca.se.  Read more at www.swedishstirling.com