Trasporti
Subscription Period Starts Today December 4 and Subscription Price for Warrants is Adjusted
For shareholders whose shares are , subscription and payment for units shall take place to, and in accordance with instructions from, the appropriate nominee.
Shareholders or representatives of shareholders whose shares were on the record day will receive a pre-printed issue statement with attached payment form.
Application for subscription of units without pre-emptive right is made by sending in an application form or electronically with Swedish Bank ID. Application form and electronic subscription is available on the website of the issuing institution Aktieinvest https://www.aktieinvest.se/minesto2019.
Avanza customers can apply for subscription without pre-emptive right directly through Avanza's website https://www.avanza.se/kampanjer/minesto.html.
According to the Terms and Conditions for the warrants of series TO3, included in the Rights Issue unit, the warrants' subscription price shall be the lower of SEK 19.42 or a 10% premium to the volume-weighted average price on the trading day following the record date (ex-date) for the detachment of the subscription rights in the Rights Issue (which was December 3, 2019 ).
The volume-weighted average price for the trading in the Minesto share on December 3, 2019 was SEK 14.7253 , and accordingly the subscription price for the TO3 warrants has been reset to SEK 16.20 per share.
Furthermore, if the subscription price for the warrants is more than ten (10) percent higher than the volume-weighted average price of the Company's share during the period 20 April 2020 until and including 30 April 2020 , the strike price shall be adjusted to the volume-weighted average price of the Company's share during that period multiplied by 1.10. The strike price shall, however, never be less than SEK 9.71 .
Magnus Matsson
Head of Communications & Investor Relations, Minesto AB
+46-31-774-14-89
press@minesto.com
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.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/minesto-ab/r/subscription-period-starts-today-december-4-and-subscription-price-for-warrants-is-adjusted,c2981515
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