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Rights Issue 2018

SaltX increases the pace of investment in large-scale energy storage and carries out a guaranteed new share issue of SEK 80 million
  The market for large-scale energy storage is accelerating rapidly. SaltX Technology therefore increases its efforts in the EnerStore application area, based on the Vattenfall project. The Board therefore proposes a rights issue of up to SEK 80 million, which is fully guaranteed through subscriptions by the main owners Industrifonden and Skirner AB and by a guarantee consortium.

The rights offer in brief

  • In total, the Rights Issue amounts to max SEK 80.6 million before issue costs through an issue of max 14,646,902 Units.
  • Each Unit consists of one (1) Series B share and one (1) Series TO6 warrant.
  • Reconciliation day to participate in the Rights Issue is November 21, 2018
  • Existing shareholder obtains one (1) unit right for each one (1) share held on the reconciliation date. Four (4) unit rights entitle to subscription of one (1) Unit in the Rights Issue.
  • The subscription price in the Rights Issue is SEK 5.50 per Unit, equivalent to a price of SEK 5.50 per share. The warrants are issued free of charge.
  • 100 percent of the total share issue amount has been secured through subscriptions from Industrifonden and Skirner AB and through guarantees from a consortium.
  • Subscription in the Rights Issue can take place during the period from November 23, 2018 to December 7, 2018.
  • Two (2) Series TO6 warrants entitle the holder to subscribe for one (1) new Series B share in the Company. The subscription price is SEK 13. Subscription of shares in the Company based on the Series TO6 warrants can take place during the period January 1, 2020 to October 31, 2021. Full subscription of the Series TO6 warrants would lead to the company obtaining about SEK 95.2 m.
  • The Board is proposed to be authorized to decide on issue of Units without preferential rights to enable compensation to the issue guarantors.The complete terms of the Rights Issue and information about the Company will be reported in the prospectus, which is expected to be published on the Company’s website around November 22, 2018.
Carl-Johan Linér
Harald Bauer
Harald Bauer