Today is the last day for subscription of shares in the ongoing rights issue

Today, October 16, 2019, is the last day for subscription of shares in Enersize's ongoing rights issue with preference in Sweden.

This press release shall not, directly or indirectly, be released, published or distributed in or to the United States, Australia, Japan or Canada or any other country where such action as a whole or in part is subject to legal restrictions. Further restrictions apply. Please see “Important information” at the end of the press release.

  • Preference:
    • One (1) existing share gives the right to subscribe for two (2) newly issued shares.
    • When two (2) newly issued shares are subscribed, one (1) free subscription option of series 2/2019 is received.
  • Issue price: SEK 0.65 per share.
  • Subscription period in Sweden: October 1, 2019 – October 16, 2019.
  • Subscription period in Finland: October 1, 2019 – October 18, 2019.
  • Issue guarantee: Subscription commitments and issue guarantees have been received in advance, corresponding to 60 percent of the issue amount of approximately SEK 47 million.
  • Notification of any allocation will be provided by sending a settlement note, which is expected to take place around October 22, 2019.
  • Trading: The shares are traded on the Nasdaq First North Growth Market.
  • Reporting the outcome of the new share issue is expected to take place on October 22, 2019.

 Subscription for the Rights Issue

The places of drawing are:

a) In Sweden through Mangold's website www.mangold.se and

Mangold Fondkommission AB, Engelbrektsplan 2, 114 34 Stockholm

(emissionser@mangold.se, tel. +46 8-503 01 580).

b) in Finland custodian institutions and account-holding institutions.

The subscription registration in Sweden is also received by managers who have an agreement with Mangold on this.

Investors must follow the instructions issued by the trustees and Mangold Fondkommission AB.

Information to Finnish shareholders

To be able to trade shares or warrants on Nasdaq First North Growth Market, a Finnish shareholder will need to transfer their shares to Euroclear Sweden AB's securities system. If a Finnish investor acquires shares through trading on the Nasdaq First North Growth Market, such shareholders will need to transfer their shares to Euroclear Finland's system in order to be registered as the owner of the share register administered by Euroclear Finland.

Such cross-border settlement is associated with additional costs and lead times. The Accounting Institute will be charged a transfer fee by Euroclear Sweden and Euroclear Finland and the fee and other costs charged by the banks involved are likely to be levied on the shareholder.

Advisor

Mangold Fondkommission AB is financial adviser to Enersize in connection with the rights issue. The law firm Smartius Oy and Eversheds Sutherland Advokatbyrå AB are legal advisors to the company.

More from the Newsletter

FOR INVESTORS

Enersize signs Letter of Intent regarding reverse takeover with TeraFactory

The Board of Enersize Oyj (“Enersize” or the “Company”) announces that it has signed a Letter of Intent (“the LoI”) with Finnish Batteries Oy (to be renamed “TeraFactory”) as a step towards streamlining the company structure. The LoI is regarding a contemplated transaction (“the Transaction”) between Enersize and TeraFactory (jointly referred to as “the Parties”) and includes a reverse takeover of Enersize, transfer of Enersize’s business to Swedish subsidiary (“Enersize Sweden”) and the subsequent distribution of Enersize shares to the shareholders. The Transaction further includes the re-listing of Enersize, then renamed TeraFactory Oyj, on Nasdaq First North Growth Market Stockholm, as well as the re-listing of Enersize Sweden. Provided that the Transaction is completed, Enersize shareholders will own 100% of Enersize Sweden and about 10% of TeraFactory.

Läs mer »

Enersize Oyj proposes a fully underwritten rights issue and a directed issue totalling approximately SEK 28 million

The Board of Directors of Enersize Oyj (”Enersize” or the ”Company”) today announces its proposal for a fully underwritten rights issue of approximately SEK 14 million (the ”Rights Issue”) and a directed issue of approximately SEK 14 million (the ”Directed Issue”, together the ”Issues”). The subscription price in both the Rights Issue and the Directed Issue is SEK 0.12 or EUR 0.012 per share. The Issues are subject to approval at an Extraordinary General Meeting scheduled for Friday, 5 November 2021.

Läs mer »

Enersize intends to streamline the company structure

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.

Läs mer »

NEWS