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Major Owner BGA Invest Participates in Ongoing Rights Issue - Invests an Additional SEK 20 Million in Minesto
BGA Invest's subscription of units for SEK 20 million matches the investment of SEK 20 million that Midroc New Technology made in Minesto at the end of October, when they and an international institutional investor participated in a private placement of identical units as in the ongoing rights issue.
In order to give existing shareholders the opportunity to retain their relative share in Minesto, Midroc New Technology will not participate in the rights issue and the subscription rights accruing to them are cancelled.
For more information about the rights issue and instructions for participation, see Minesto's website: www.minesto.com/rightsissue.
Minesto is a leading marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling commercial power production from the ocean.
Minesto's award winning and patented product, Deep Green, is the only verified marine power plant that operates cost efficiently in areas with low-flow tidal streams and ocean currents.
With more than €40 million of awarded funding from the European Regional Development Fund through the Welsh European Funding Office, European Innovation Council and InnoEnergy, Minesto is the European Union's largest investment in marine energy to date.
Minesto was founded in 2007 and has operations in Sweden , Wales , Northern Ireland and Taiwan . The major shareholders in Minesto are BGA Invest and Midroc New Technology. The Minesto share (MINEST) is traded on Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission, email: ca@gwkapital.se, telephone: +46 8 503 000 50.
Read more about Minesto at www.minesto.com
Press images and other media material is available for download via bit.ly/Minesto_media.
Magnus Matsson
Head of Communications & Investor Relations, Minesto AB
+46 31 774 14 89
press@minesto.com
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/minesto-ab/r/major-owner-bga-invest-participates-in-ongoing-rights-issue---invests-an-additional-sek-20-million-i,c2985718
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