The Board of Enersize Oyj ("Enersize" or "the Company") announces today that it intends to further centralize and streamline operations in Enersize in order to achieve a simplified company structure and administration, and to reduce overhead costs. The Board intends to look at various opportunities to implement the streamlining, where domicile change, merger and reverse acquisition have been identified as possible alternatives.
Over the past year, the company has undergone an extensive restructuring of its operations, which means that it has launched a new business model based on sales of Enersize's unique "Software-as-a-Service" solution. Part of the change has been to centralize operations to the Swedish Enersize Advanced Research AB.
At present, the Finnish parent company Enersize Oyj is listed on the Nasdaq First North Growth Market in Stockholm under the ticker “ENERS”, at the same time as all operations are conducted from the Swedish subsidiary. The intention to simplify the company structure is because it could have positive effects in the form of in-depth centralization and streamlining, simplified administration and reduced overhead costs. Alternatives that have been identified and discussed to achieve this are domicile change, merger and so-called reverse acquisition. A type of reverse acquisition, namely one that means an unlisted company takes over Enersize Oyj's place on Nasdaq First North and that the shares in the Swedish part of Enersize are distributed under Lex Asea to the shareholders and that the Swedish part of Enersize is enlisted on Nasdaq First North, is seen as extra advantageous as it should be possible to implement it without net cost and as Enersize's shareholders after the transaction, in addition to still owning the same share in Enersize, also own shares in a new company.
” An important step in the process of building the new Enersize is that the company structure is adapted to the new conditions. The Board sees it as important to investigate the possibilities for further streamlining operations, which would be beneficial for both Enersize and its shareholders”, says Anders Lundström, Chairman of the Board
For more information about Enersize, please contact:
Anders Sjögren, CEO
Phone: +46 730 76 35 30
E-mail: ir@enersize.com
Erik Sundqvist, CFO
Phone: +46 720 92 83 62
E-mail: erik.sundqvist@enersize.com
The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.
About Enersize
Enersize develops and delivers smart software, tools, and services to enable energy optimisation of industrial compressed air systems. The industry expertise of our people and solutions, together with a commitment to become the global leader in compressed air efficiency software, has made Enersize a recognised leader for customers around the world. Enersize is a merger of multiple Nordic companies with experience from more than 7,000 customer projects.
The company is listed on Nasdaq Stockholm First North Growth Market under the ticker: ENERS.
For more information visit https://enersize.com
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