During the fourth quarter of 2019, Enersize Oyj (“Enersize” or the “Company”) carried out a rights issue in the form of shares and free warrants. Those who subscribed for one share in the new share issue during the period 1 October to 16 October thus received a free enclosed warrant per subscription for every two (2) subscribed shares (“Warrant”). Each two (2) Warrants gives the right to subscribe for three (3) new shares in the Company. The subscription price when subscribing for a new share through the exercise of a Warrant is SEK 0.46 and EUR 0.04438 per share, respectively.
Conditions for series 2 warrants in summary:
Subscription period
Subscription of shares with the support of warrants is ongoing during the period 31 August to 11 September 2020.
Subscription course
Holders of warrants have the right to subscribe for three (3) new shares for every two (2) warrants at a subscription price of SEK 0.46 and EUR 0.04438 per share, respectively. Holders of warrants of series TO2 are asked to note that the current nominal share price for the Company (“ENERS”) is lower than the option’s subscription price of SEK 0.46 per share.
Last day for trading
The last day to trade the TO2 warrants on the Nasdaq First North Growth Market was August 27, 2020.
For more information about Enersize, please contact:
Anders Sjögren, CEO
Phone: +46 730 76 35 30
E-mail: ir@enersize.com
About Enersize
With its proprietary patent-pending automated software, Enersize Q+ for leakage management, data collection and analysis, Enersize can provide 10-50% energy savings in industrial compressed air systems. With Enersize Enterprise, the customers can measure and monitor several factories centrally. Through the recently acquired Enersize LEAQS system, the company has access to more than 9000 leakage management projects, and the associated more than 4000 customers worldwide. The combination of the company’s software services can increase the customer’s savings in running projects, while generating direct license and project revenue. 90% of the manufacturing industry uses compressed air, which constitutes about 2% of the world’s total electricity consumption. Among Enersize’s existing customers are one of the world’s largest manufacturers of flat screens and well-known car manufacturers and steel mills. The company is headquartered in Helsinki, have a sales offices in Gothenburg and Shanghai and a development office in Lund.
The company is listed on Nasdaq Stockholm First North Growth Market under the ticker: ENERS. www.enersize.com
Certified Adviser
Mangold Fondkommission AB
E-mail: ca@mangold.se
Phone: +46 8 503 01 550
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