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Resolutions at Extraordinary General Meeting in Ripasso Energy AB

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At the Extraordinary General Meeting in Ripasso Energy AB (publ) held today, the following was resolved.

The Extraordinary General Meeting resolved to carry out an issue of convertible bonds with preferential right for the shareholders in accordance with the Board’s proposal, which in principal includes the following conditions: 

  • The nominal value of the convertible loan is no more than SEK 79,505,021, allocated across no more than 79,505,021 convertible bonds. 
  • The issue shall be conducted with preferential right for the Company’s existing shareholders. Each shareholder receives one (1) subscription right for each (1) share held. One (1) subscription right entitles its holder to subscribe for one (1) convertible bond. The record date at Euroclear Sweden AB for participation in the issue is 7 February 2019. 
  • Subscription can be made during the period from 11 February 2019 up to and including 26 February 2019. 
  • Each convertible bond has a nominal value of SEK 1.00, which is also the subscription price per convertible bond. 
  • The convertibles have a duration of two years, with an interest rate of 10 per cent per annum. The interest is payable quarterly in arrears. 
  • The holders of the convertible bonds are entitled to require conversion during the period from 1 January 2021 up to and including 15 February 2021. However, the holders of the convertible bonds are entitled to early conversion in the event that the Company’s shares are listed on a regulated market. 
  • The conversion rate is SEK 10 per share when the holders of the convertible bonds require conversion, meaning that the Company’s share capital may increase by a maximum of SEK 79,505.02, and the number of shares in the Company may increase by a maximum of 7,950,052 shares. At full conversion this corresponds to a dilution of approximately 9,1 per cent.
  • The Company is entitled to require conversion during the period from 16 February 2021 up to and including 24 February 2021. The conversion rate is SEK 2 per share when the Company requires conversion. 

Additional information regarding the issue will be included in the prospectus that will be published on or around 6 February 2019.


For further information please contact:

Sven Ljungberg, CCO, Ripasso Energy AB,  ir@ripassoenergy.com. 


About Ripasso Energy

Ripasso Energy 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. Ripasso Energy’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.ripassoenergy.com.

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