Soltech Energy’s rights issue oversubscribed by 166 percent. The company will thus receive SEK 397 million before issue costs

CEO Stefan Ölander in a comment:
– We are humbly grateful for the great trust existing shareholders have shown us in this new share issue as they have subscribed for well over SEK 400 million. The Board has decided that our existing shareholders will receive 100 percent of the allotment in the issues. We will now continue our successful acquisition strategy, invest in existing subsidiaries and contribute to a green energy transition.

Number of shares and Over-allotment
A total of 11,471,235 shares were subscribed for with the support of subscription rights, corresponding to approximately 93 percent of the Rights Issue, and 21,389,118 shares without the support of subscription rights, corresponding to approximately 173 percent of the Rights Issue.

To enable an even greater investment in acquisitions and existing subsidiaries, the Board has decided to issue an additional 7,500,000 shares in an Over-allotment Issue. This is done at a subscription price of SEK 20 per share, which gives SEK 150 million, and on the terms stated in the prospectus regarding the Rights Issue, which gives approximately SEK 247 million.

Through the Rights Issue and the Over-allotment Issue, a total of 19,861,207 shares will be issued and the Company will thus receive approximately SEK 397 million before issue costs of approximately SEK 3.5 million.

Allocation in the Rights Issue
The persons who have subscribed for shares on the basis of subscription rights have been allotted BTA in connection with simultaneous payment. Notice of allotment to the persons who have subscribed for shares without the support of subscription rights is expected to be distributed on 9 September 2021 by sending a settlement note. Allocation to the persons who have subscribed for shares via a nominee is expected to be visible in the account around 9 September 2021. Nominee-registered shareholders will be notified of the allotment in accordance with the respective nominee's routines. Subscribed and allotted shares must be paid in cash no later than the settlement date, 14 September 2021, in accordance with the instructions on the settlement note. Only those who receive shares will be notified.

Allocation in the Over-Allocation Issue
Notice of allotment to the persons who have subscribed for shares without the support of subscription rights is expected to be distributed on 9 September 2021 by sending a settlement note.

The Board of Directors has decided to grant the right to allotment to existing shareholders who have also subscribed for shares without preference in the Over-allotment Issue. This is done pro rata in relation to the number of shares subscribed with preference. The decision means that existing shareholders will be allotted 100 percent of the Rights Issue and the Over-allotment Issue.

Share capital and number of shares
After registration of the Rights Issue and the Over-allotment Issue with the Swedish Companies Registration Office, the Company's share capital will increase by SEK 993,060.35 to a total of SEK 4,707,464.25. The number of shares in the Company will thereafter increase by an additional 19,861,207 shares to a total of 94,149,285 shares.

Paid subscribed shares, BTA
Subscription of shares with and without preferential rights took place during the period 24/8 – 7/9 2021. As soon as the share capital increase has been registered with the Swedish Companies Registration Office, paid subscribed shares (BTA) in the rights issue will be converted into new shares. Until then, trading with BTA on the Nasdaq First North Growth Market will go on. Trading in new shares is expected to begin on Nasdaq First North Growth Market around week 41 2021. The persons allotted shares in the directed Over-allotment Issue will not receive BTA but will instead be allotted shares after the share capital increase has been registered with the Swedish Companies Registration Office. This is expected to take place around week 41 2021.