The CEO of Swedish Stirling exercises subscription warrants
The CEO of Swedish Stirling AB (publ), Gunnar Larsson, has exercised 250 subscription warrants to subscribe for 2,500,000 new shares in Swedish Stirling AB (publ), whereby Swedish Stirling has received approximately SEK 5,740,000. To finance the exercise of the subscription warrants, Gunnar Larsson has divested 740,000 shares in Swedish Stirling.
In accordance with the company’s warrant program adopted by the Extraordinary General Meeting held on 10 October 2014, a total of 250 subscription warrants were exercised by the company’s CEO, Gunnar Larsson, to subscribe for 2,500,000 new shares in Swedish Stirling (the “Exercise”). Through the Exercise, Swedish Stirling has received SEK 5,739,750. To finance the Exercise, as well as expenses and taxes, Gunnar Larsson has divested 740,000 shares in Swedish Stirling. Following the Exetcise and divestment of shares, Gunnar Larsson's holdings in Swedish Stirling AB increased from 2,000,000 shares to 3,760,000 shares, corresponding to approximately 2.9 per cent of the company's total shares
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, 27 of in total 464 subscription warrants remain unexercised within the warrant program.
The Exercise entails a SEK 25,000 increase in Swedish Stirling’s share capital, from SEK 1,256,492.53 to SEK 1,281,492.53, and that the number of shares and votes in the company will increase with 2,500,000 shares and votes, from 125,649,253 shares and votes to 128,149,253 shares and votes, corresponding to a dilution of approximately 2.0 per cent of the total number of shares and votes in Swedish Stirling.
Information about the warrant program is presented in the company’s 2020 Annual Report and Management Report.
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