Through the Offering, the Company’s share capital will increase by up to SEK 3,623.19 and amount to a total of up to SEK 1,287,815.72 and the number of shares will be increased by up to 362,319 preference shares to a total of up to 128,781,572 shares, of which 128,419,253 ordinary shares and 362,319 preference shares. The dilution for the existing shareholders of the ordinary shares who do not participate in the Offering will amount to a maximum of approximately 0.3 percent of the capital and approximately 0.03 percent of the votes. If the Upsize Option is exercised, the number of shares will increase by up to an additional 181,159 preference shares and the share capital will increase by up to an additional SEK 1,811.59.
In the event that the Offering is fully subscribed, and the Upsize Option is fully exercised, the Company’s share capital will increase by SEK 5,434.78 to SEK 1,289,627.31 and the number of shares will be increased by 543,478 preference shares to a total of 128,962,731 shares, of which 128,419,253 ordinary shares and 543,478 preference shares, corresponding to a dilution effect of approximately 0.4 percent of the capital and approximately 0.04 percent of the votes.
Admission to trading on Nasdaq First North Premier Growth Market
Due to the Offering, Swedish Stirling will apply for admission to trading of the preference shares on Nasdaq First North Premier Growth Market. Provided that Nasdaq Stockholm approves the Company’s application, trading in the Company’s preference shares is estimated to be initiated around 7 October, 2022.
Preliminary timetable for the Offering and the Upsize Option
30 August, 2022: Publication of the EU Growth Prospectus
31 August – 23 September, 2022: Application period for acquisition of preference shares
27 September, 2022: Estimated date for publication of the outcome of the Offering and possible exercise of the Upsize Option
Around 7 October, 2022: Estimated first day of trading of the preference shares on Nasdaq First North Premier Growth Market
Advisors
ABG Sundal Collier AB and Bryan, Garnier & Co act as financial advisors and Joint Bookrunners and Törngren Magnell & Partners Advokatfirma KB acts as legal advisor in connection with the Offering.
This information is information that Swedish Stirling 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 below on 30 August, 2022 at 08:30 CEST.
[1] Swedish Stirling intends, from the year the PWR BLOK facility at Glencore’s Lion smelter is in full operation, to retain carbon credits that the facility is expected to generate corresponding to an annual carbon dioxide reduction of 100 kg per preference share issued. For more information, see the section “Background and rationale in summary” below.
[2] Based on Naturvårdsverket’s (the Swedish Environmental Protection Agency’s) (2019) estimate that an average Swedish citizen emits nine tonnes of carbon dioxide per year, based on annual consumption including imports.
[3] Based on Naturvårdsverket’s (the Swedish Environmental Protection Agency’s) (2019) estimate that an average Swedish citizen emits nine tonnes of carbon dioxide per year, based on annual consumption including imports.
[4] Considering that, following registration of the Offering with the Swedish Companies Registration Office, there will remain two record days for dividends for the financial year of 2021. According to the Company’s articles of association, record days for dividends shall be 30 June, 30 September, 30 December and 31 March. The Articles of Association are available on the Company’s website, www.swedishstirling.com.
For further information please contact:
Sven Ljungberg, CCO, Swedish Stirling AB, +46 (0)31 385 88 30 ir@swedishstirling.com.
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