General information
Information on the upcoming rights issue can be found in the following press release.
The registration date has been decided.
The Board of Enersize has formally decided to carry out the rights issue.
The Investors Memorandum has been published.
Subscription forms for shareholders with shares registered in Euroclear Sweden can be downloaded here:
Time plan
All dates refer to 2020. Full schedule and information on the Rights Issue can be found in the Information Memorandum.
2 June | Last day of trading including the subscription rights. |
3 June | Last day of trading excluding the subscription rights. |
4 June | Registration date. The record date. Shareholders who are registered in the share register held by Euroclear Sweden AB or Euroclear Finland Oy as of this day will receive subscription rights, which entitles the holder to participate in the Rights Issue. |
9– 18 June | Trading in subscription rights (TR). |
9 – 23 June | The subscription period in Sweden. |
9 – 25 June | The subscription period in Finland. |
9 June– 14 July | Trade in BTA. The period may be extended or shortened, depending on the situation. |
30 June | The announcement of the outcome is expected to be published. |
ISIN codes
ISIN code share | FI4000233317, ticker: ENERS |
ISIN code subscription right Sweden | SE0014452686 |
ISIN code BTA in Sweden | SE0014452694 |
ISIN code subscription right Finland | FI4000440383 |
ISIN code BTA in Finland | FI4000440391 |
Finnish shareholders
A Finnish shareholder is defined as a shareholder who has his Enersize shares registered with Euroclear Finland.
In the previous rights issue, the information on what applies to Finnish shareholders was perceived as inferior.
The press release contains relevant information, but we would like to point out that the main difference between Finnish and Swedish shareholders is that Finnish shareholders cannot trade with their allotted subscription rights. Otherwise, Finnish shareholders have the same opportunities and rights as Swedish shareholders.
In order for a Finnish shareholder to be able to trade with his subscription rights, the shares need to be moved from Euroclear Finland to Euroclear Sweden before the record date. A transfer of shares may be associated with costs for the shareholder and may take time.
Notifications and application forms for shareholders with shares in Euroclear Finland will be distributed by the banks in Finland (the subscription forms above cannot be used).
Holders of warrants of series TO1 and TO2
Holders of warrants of series TO1 and TO2 who wish to participate with preferential rights in the Rights Issue must by 15 May 2020 exercise the warrants to subscribe for new shares. However, it should be noted that the exercise price for TO1 and TO2 significantly exceeds the current market price.
Conversion of TO1 and TO2
A customary recalculation of the option terms for TO1 and TO2 will be made in connection with the rights issue in accordance with the terms for TO1 and TO2. Conversion is dependent on, among other things, the value of the subscription rights during the subscription period and the number of newly issued shares. Based on the assumptions, the exercise price for TO2 can be assessed to be well over the stock price on May 8, 2020 (and less than SEK 0,65). An adjustment of the exercise price is made only after a completed issue.