Meltron AB is provided approximately MSEK 22 in cash proceeds through an oversubscribed rights issue and a resolved additional directed issue

This press release may not be announced, published or distributed, either directly or indirectly, in or to the United States, Canada, Australia, Hong Kong, Japan, New Zealand, The Republic of Korea, Switzerland, Singapore, South Africa or any other country in which such action is wholly or partly subject to legal restrictions.

Meltron AB (publ) ("Meltron" or "the Company") announces today that the Company's MSEK 25 rights issue has been oversubscribed by approximately 20 percent. The commitments from the guarantee consortium do therefore not have to be utilized. In addition, considering the considerable interest and the Company's possibilities for expansion, the Board of Directors has today resolved to carry out an additional directed issue of MSEK 4 to strategic investors.

On August 25, Meltron announced a rights issue of approximately MSEK 25, resolved upon by the Board of Directors as mandated by the Annual General Meeting on August 20, 2019. The subscription period was between September 28 and October 13, 2020, and concerned no more than 100,069,720 shares at a subscription price of SEK 0.25 per share. In total, 120,483,423 shares were subscribed, 72,261,945 of which with preferential rights and 48,221,478 of which without preferential rights. The full amount of the rights issue, 100,069,720 shares, has thus been allotted. Out of the shares subscribed with support of preferential rights, it was decided that 27,361,445 shares, corresponding to approximately MSEK 6.8, would be paid by means of set-off.

The Board of Directors has further decided to utilize its mandate to conduct an additional directed issue on the same terms, as previously laid out in a press release and in the memorandum for the rights issue. This entails that the Company conducts an overallotment issue of 16,000,000 additional shares (MSEK 4.0) at a price of SEK 0.25 per share. In addition, the Board of Directors has decided to reimburse the financial advisor for the issue by setting off part of the fee against MSEK 0.5, corresponding to 2,000,000 shares, and that those issue guarantors who opt for contractual set-off against shares shall be reimbursed by set-off with 10,038,058 shares (approximately MSEK 2.5). In total, the Rights Issue, the additional directed issue and the offsets result in a dilution of approximately 44 percent of the number of shares and the share capital of the Company.

In total, Meltron will after offsets be provided approximately MSEK 22 in cash proceeds from the issue, before issuance costs.

When all the above-mentioned newly issued shares are registered, the total number of shares in the Company will be 288,219,331. The share capital will increase with SEK 32,026,944.50, to SEK 72,054,832.75. Minor adjustments of the numbers and amounts set out above may occur in connection with the registration with the Swedish Companies Registration Office.

Shares shall be paid according to instructions provided on the contract note, which will be sent out shortly to those who have received allotment. Those who have subscribed through a nominee will receive information on allotment from said nominee.

Advisor
G&W Fondkommission acts as financial advisor to Meltron in connection with the rights issue.
Aktieinvest FK AB is the issuing agent. Advokatfirman Delphi is legal advisor to the Company.

For more information, please contact:

Göran Lundgren, Chairman of Meltron AB, telephone: +46 70 467 4040; goran.lundgren@meltron.com 

 Meltron AB, Embassy House, Linnégatan 89C, 115 23 Stockholm

 Read more at www.meltron.com 

This information is information that Meltron AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, by the contact person set out above, at 15:30 on 2020-10-16.

This translation is provided as a service.

About Meltron - "More than Just Light"

Meltron AB designs, manufactures and sells LED lighting solutions which are based on interdisciplinary application of electronics, optics, thermodynamics and nano-structures. "More Than Just Light" translates into energy savings, superior light quality, product life-time savings, increased productivity, safety and wellbeing.  Meltron provides high quality solutions for the most demanding environments in infrastructure, industry, logistics and agriculture. 

LED lighting is one of the fastest growing major industries of the world. The annual growth of the industrial sector currently amounts to 47 percent, and the entire market is projected to generate turnover of USD 100 billion in 2020, according to Edison Research.

Meltron's share is traded on NGM Nordic MTF under the ticker MLTR.

Meltron förstärker ledningen

Meltron fortsätter att förstärka sin ledningsgrupp för att understödja den påbörjade expansionen och försäljningen så som beskrivits i samband med den nyligen avslutade emissionen i oktober.


Meltron reinforces its management team

Meltron continues to reinforce its management team to support the expansion and growth of sales as outlined in connection with the share issue in October.




Meltron publicerar emissionsmemorandum

Detta pressmeddelande får inte offentliggöras, publiceras eller distribueras, vare sig direkt eller indirekt, i eller till USA, Kanada, Australien, Hongkong, Japan, Nya Zeeland, Sydkorea, Schweiz, Singapore eller Sydafrika eller i någon annan jurisdiktion där distribution av detta pressmeddelande skulle vara olaglig.


Kommuniké från årsstämman i Meltron AB (publ) den 25 september 2020

Vid årsstämma i Meltron AB (publ), org.nr 556988-9834, ("Bolaget") den 25 september 2020 fattades bland annat följande beslut. För mer detaljerad information om innehållet i besluten hänvisas till kallelsen till årsstämman samt fullständiga förslag till beslut, som tidigare har publicerats och finns tillgängliga på Bolagets hemsida, www.meltron.com


Report from the Annual General Meeting of Meltron AB (publ) on 25 September 2020

At the annual general meeting (the "AGM") of Meltron AB (publ), reg. no 556988-9834, (the "Company"), on 25 September 2020 the AGM adopted, inter alia, the following resolutions. For more detailed information regarding the contents of the resolutions, please refer to the notice to the AGM and the complete proposals, which have previously been published and are available on the Company's website, www.meltron.com.




Meltron offentliggör Årsredovisning 2019-20

Meltron AB (publ) offentliggör sin Årsredovisning för the förlängda räkenskapsåret 2019-05-01-2020-06-30, som nu finns tillgänglig på Bolagets hemsida www.meltron.com och investor.meltron.com tillsammans med revisionsberättelsen. Bokslutskommunikén publicerades 2020-08-26.


Meltron publishes Annual Report 2019-20

Meltron AB (publ) today publishes its Annual Report for the extended financial year 2019-05-01-2020-06-30, which is now available on the Company's web site www.meltron.com and investor.meltron.com together with the auditor's report. English translations will soon be available. The year-end report was published 2020-08-26.


Meltron AB (publ) kallar till Årsstämma 25 Sept

KALLELSE TILL ÅRSSTÄMMA I MELTRON AB (PUBL)


Meltron AB (publ) calls Annual General Meeting on 25 September 2020

NOTICE TO ATTEND THE ANNUAL GENERAL MEETING IN MELTRON AB (PUBL)


Meltron AB (publ), 556988-9834 - Bokslutskommuniké för perioden 2019-05-01 - 2020-06-30

Verksamhetsperioden i sammandrag

Augusti 2019: Dagens Meltron bildas genom samgående med Meltron Oy

Augusti 2020: Fortsatt expansion säkras genom garanterad företrädesemission om 25 MSEK



Meltron AB (publ) genomför nyemission med företrädesrätt för befintliga aktieägare -emissionen är säkrad fullt ut genom garanti

Detta pressmeddelande får inte offentliggöras, publiceras eller distribueras, vare sig direkt eller indirekt, i eller till USA, Kanada, Australien, Hongkong, Japan, Nya Zeeland, Sydkorea, Schweiz, Singapore eller Sydafrika eller i någon annan jurisdiktion där distribution av detta pressmeddelande skulle vara olaglig.

Styrelsen för Meltron AB (publ) ("Meltron" eller "Bolaget") har, med stöd av bemyndigandet som erhölls vid årsstämman den 20 augusti 2019, beslutat att genomföra en nyemission av aktier med företrädesrätt för befintliga aktieägare ("Företrädesemissionen" eller "Erbjudandet") om cirka 25 MSEK före emissionskostnader. Emissionslikviden kommer främst att användas till att genomföra planerade, ökade säljaktiviteter, inklusive därför nödvändigt rörelsekapital, till teknik- och affärsutveckling samt till övrig drift. Företrädesemissionen är säkrad till 100 procent upp till ca 25 MSEK genom garantiåtaganden och teckningsförbindelser, dock utan att Bolaget vare sig begärt eller erhållit bankmässig säkerhet för dessa åtaganden.


Meltron AB (publ) makes a new issue with priority for current shareholders - the issue is guaranteed in full

This press release may not be published or distributed, neither directly nor indirectly, in or to the USA, Canada, Australia, Hongkong, Japan, New Zealand, South Korea, Switzerland, Singapore or South Africa or in any other jurisdiction where the distribution of this press release would be illegal.

The Board of Meltron AB (publ) ("Meltron" or the "Company") has, within the mandate given to it at the Annual Shareholders' meeting 20 August 2019, decided the make an issue of new shares with priority for current shareholders (the "Priority Issue" or the "Offer") of approximately 25 MSEK before costs of the issue. The proceeds will primarily be used to carry out the planned, increased sales activities, incl necessary working capital, for technical and business development and for operations. The issue is fully secured up to approximately 25 MSEK through guarantee commitments and pre-subscriptions; the Company has, however, neither requested nor received bank securities for these commitments.


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