TC TECH makes equity issue worth SEK 14 million
TC TECH’s Board of Directors has decided to make a directed equity issue of 1,217,800 shares, based on the authorization granted by the AGM held on 16 May 2018. As a result of this resolution, the company’s share capital will increase by SEK 97.4 thousand and liquid funds by around SEK 14 million.
The subscribers in the share issue are institutional and private investors, who is characterized by a strong focus on commitment and perseverance.
The subscription price will be SEK 11,50 per share, based on the VWAP in the ten-day period preceding the decision by the Board (SEK 12:66) reduced by 9,1 per cent.
The share issue makes an exception from the preferential right of TC TECH’s current shareholders, the purpose being not only to give the company access to additional operating and growth capital, but also to welcome a number of new, strong key partners on board.
”When these institutional and private investors invests in our company, that is certainly a confirmation of the market’s interest in our technology and faith in the company’s future”, says Peter Mattisson, Chairman of the Board of TC TECH.
For further information, contact:
Peter Mattisson, Chairman of the Board of TC TECH
Tel: 46 (0)708–55 34 34
This information is information that TC TECH Sweden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 21.00 C.E.T. May 20 August 2018.
About TC TECH
TC TECH develops, manufactures and sells systems used for the replication of nano-structures in polymer products. The company’s business operations are based on an IPR-protected induction technology developed by TC TECH’s own R & D team. The technology makes it possible to heat and cool different kinds of material – in very short time, and with very high precision. The technology is well suited for polymers, and the company has chosen Light Guide Plates (LGP) as its initial focus. LGP is an acrylic panel that directs and diffuses the light emitted from the light source behind the display. TC TECH’s system makes it possible to produce displays that are thinner, refracts light more efficiently while at the same time reducing energy consumption.
The TC TECH share is listed on Nasdaq First North. Erik Penser Bank is the company’s Certified Adviser.