Meltron off-sets bridge financing for sharesAs previously released (31 January 2020) Meltron made an agreement with one of its larger shareholders, MegaBond Tallinn OU who participated significantly in the issue end of last year, for a bridge loan of 700 kEUR. Per the agreement, the loan should be off-set for shares at the end of May at a price corresponding to the average share price during the period. This has now been done through a decision by the Board of a direct issue to MegaBond at a share price of 0,267 SEK, which with the current EUR-SEK exchange rate corresponds to 27 524 378 shares and an increase of the share capital by 6 881 094,5 SEK. MegaBond thereby holds 43 726 505 shares and is the largest shareholder of Meltron AB (27,3 %). The total number of outstanding shares is thereby 160 111 553 with a total share capital of 40 027 888,25 SEK.
- Meltron has a very interesting product portfolio for very demanding conditions, based on strong technology and know-how in the company, says Mr William Ng of MegaBond. We believe the potential is very high in many markets and realise that the market build-up will take considerable efforts. We have great confidence in the company's strategy and management, which we know since many years. For further information, contact:
Göran Lundgren, chairman, tel: +46 70 467 40 40; [email protected]
Ville Sistonen, CEO Meltron AB, tel: +358 40 746 4781; [email protected]
Meltron AB, Embassy House, Linnégatan 89C, 115 23 Stockholm
Meltron Oy, Laivakatu 3, FI-00150 Helsinki
Read more at www.meltron.com
www.meltron.fi
This information is such information which Meltron AB (publ) is obliged to publish in accordance with regulatory requirements and the listing at NGM Nordic SME. The information was provided by contact persons above for publication on 1 June 2020 at 09:30 CET.
The following documents can be retrieved from beQuoted
Meltron Pressrelease 2020-06-01.pdf About Meltron
Meltron AB designs, manufactures and sells LED lighting for select niche markets. Prioritized niches represent applications demanding long life cycles, robust and durable light sources and, from an industrial perspective, short payback periods. Prioritized niche markets are animal stables, industrial lighting and street lighting.
LED lighting is one of world's fastest growing industries. For this sector the annual growth is 47 % and the total market for 2020 is expected at 100 billion USD, according to Edison Research.
The Meltron share is traded on NGM Nordic SME under short name MLTR.
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