Outcome of conversion of Swedish Stirling KV1

During the period from and including 1 October 2019 until and including 18 November 2019, holders of Swedish Stirling AB’s convertible bonds 2017/2019 (Nordic MTF: STRLNG KV1) (“KV1”) were entitled to convert their convertible bonds to shares in Swedish Stirling to a conversion rate of SEK 4.40 per share. Of the total outstanding loan amount of SEK 25,074,661 under KV1, an amount of SEK 24,575,623.60 has been requested for conversion, which corresponds to approximately 98 per cent.

As a result of the conversion, Swedish Stirling’s share capital will increase with SEK 55,853.69 from SEK 795,050.21 to SEK 850,903.90 and the number of shares and votes will increase by 5,585,369 shares and votes from 79 505 021 shares and votes to 85,090,390 shares and votes.

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

About Us

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 recovering energy from industrial residual and flare gases and converting them to 100% carbon-neutral electricity at a high rate of 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 in Sweden on the NGM Nordic SME. Read more at www.swedishstirling.com

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