Meltron AB receives approx 26 MSEK from completed priority share issue

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Meltron AB (publ) ("Meltron" or "the Company") today announces that the Company's priority share issue of approximately 26 MSEK has been subscribed at approx 59,4 %. The balance up to the full amount is covered by the two guarantee consortia syndicated in preparation of the transaction.

On 30 August the Board of Meltron decided, conditional on approval by the forthcoming Annual General Meeting, to do a share issue with priority for current shareholders of approximately 26 MSEK ("the Priority Issue"), which was then approved by the Annual General Meeting on 1 October 2021. The subscription period was 11 October - 25 October 2021, for maximum 288 219 331 shares at 0,09 SEK per share. In total 171 302 956 shares were subscribed, of which 121 704 830 shares were subscribed with priority rights and 49 598 126 shares without priority rights. 116 916 375 shares are distributed within the two guarantee consortia whereby the full amount of the Priority Issue, 288 219 331 shares, have been allocated. Of the shares subscribed with priority rights 11 322 222 shares, approximately 1,0 MSEK, are settled by set-off. Meltron thereby receives approx 25 MSEK in cash before costs of the issue, compensation to guarantors and repayment of bridge loans of approx 6 MSEK. In total the Priority Issue causes a 50 % dilution of the number of shares and the share capital of the Company.

After the registration of the new issued shares the total number of outstanding shares of the Company will be 576 438 662 shares. In connection with decision of the share issue the Annual General Meeting also resolved to reduce the share capital, without reduction of the number of shares, from 48 141 792,25 SEK to 25 939 739,79 SEK. With the Priority Issue the share capital will increase with 25 939 739,79 SEK to 51 879 479,58 SEK. Minor adjustments of indicated numbers and amounts may be made in connection with the registration at the Swedish Companies Registration Office

Shares shall be paid in accordance with instructions on settlement notes, which will shortly be sent to those having received allocations. Those who have subscribed through agents will receive information on allocation from the agent.

Rådgivare
G&W Fondkommission is the financial advisor to Meltron on the Priority Issue. Aktieinvest FK AB is the issuing institute, Advokatfirman Delphi is legal advisor to the Company.

For further information, contact:
Göran Lundgren, chairman of the Board
Ph: +46 70 467 40 40
E-mail: [email protected]

Meltron AB (publ)
Malmgårdsvägen 63, 116 38 Stockholm.
Org. nr: 556988-9834. Web page: www.meltron.com 

This information is information that Meltron AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and to regulatory requirements for trade on NGM Nordic SME. The information was submitted for publication in Swedish, by the contact person set out above, on 28th Oct 2021, at 10:00 CET. This English version is published as a service; in case of discrepancies the Swedish version will prevail

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 for all. Meltron provides high quality solutions for the most demanding environments in infrastructure, industry, logistics and agriculture. Read more at www.meltron.com 

Meltron is traded on NGM Nordic SME under short name MLTR.

Nerladdningsbara filer

Sammanläggning av aktier i Meltron AB (publ)

Styrelsen i Meltron AB (publ), org.nr 556988-9834 ("Bolaget") har beslutat att avstämningsdag för sammanläggning av aktier ska vara den 20 maj 2022. Genom sammanläggningen ska tio (10) befintliga aktier läggas samman till en (1) ny aktie.


Reverse share split in Meltron AB (publ)

The board of directors of Meltron AB (publ), reg.no 556988-9834 (the "Company) has resolved that the record date for the reverse share split shall be 20 May 2022. Through the reverse share split, ten (10) existing shares will be consolidated into one (1) new share.


Kommuniké från extra bolagsstämma i Meltron AB (publ) den 3 maj 2022

Vid extra bolagsstämma i Meltron AB (publ), org.nr 556988-9834, ("Bolaget") den 3 maj 2022 fattades bland annat följande beslut. För mer detaljerad information om innehållet i besluten hänvisas till kallelsen till stämman samt fullständiga förslag till beslut, som tidigare har publicerats och finns tillgängliga på Bolagets hemsida, www.meltron.com


Report from the Extraordinary General Meeting of Meltron AB (publ) on 3 May 2022

At the extraordinary general meeting (the "EGM") of Meltron AB (publ), reg. no 556988-9834, (the "Company"), on 3 May 2022 the EGM adopted, inter alia, the following resolutions. For more detailed information regarding the contents of the resolutions, please refer to the notice to the EGM and the complete proposals for resolution, which have previously been published and are available on the Company's website, www.meltron.com.


KALLELSE TILL EXTRA BOLAGSSTÄMMA I MELTRON AB (PUBL)

Aktieägarna i Meltron AB (publ), org.nr 556988-9834, ("Bolaget"), kallas härmed till extra bolagsstämma tisdagen den 3 maj 2022 klockan 10:00 i Advokatfirman Delphis lokaler på Mäster Samuelsgatan 17 i Stockholm. Inregistrering till stämman påbörjas klockan 09:30.


NOTICE OF EXTRAORDINARY GENERAL MEETING IN MELTRON AB (PUBL)

The shareholders of Meltron AB (publ), reg.no. 556988-9834, (the "Company"), are hereby given notice to attend the Extraordinary General Meeting on Tuesday, 3 May 2022 at 10:00 a.m. at the offices of Advokatfirman Delphi at Mäster Samuelsgatan 17 in Stockholm, Sweden. Registration for the meeting will commence at 09:30 a.m.


Meltron säkrar finansiering samt föreslår ny styrelseledamot

Meltron har nu avtalat om en kortsiktig lånefinansiering för cirka sex månader framåt. Styrelsen kommer efter sommaren att genomföra en nyemission för att säkra fortsatt finansiering fram till planerat positivt kassaflöde under 2023.


Meltron secures financing and nominates new Board member

Meltron has now secured a short term financing for the next six months. The Board will after the summer do a rights issue in order to repay the bridge loans and to secure further financing until planned positive cash flow in 2023.




Meltrons halvårsrapport för 2021-07-01-2021-12-31

Finansiella highlights (koncern)

  • Nettoförsäljningen sjönk till 1,4 MSEK (2,7)
  • Rörelseresultatet uppgick till -18,6 MSEK (-10,7) inkl avskrivningar och nedskrivning av IPR för Dairy Light om 5,8 MSEK
  • Nettoresultatet var -19,2 MSEK (-14,1)
  • Rörelsens kassaflöde var -11,8 MSEK (-12,3)

Väsentliga händelser under halvåret

  • God utveckling med kunder inom skogsindustrin
  • Samarbete med Huawei påbörjades för att utveckla avancerade ljussystem för "Smart Cities"
  • Samarbetet med ISAP (US) och av agri-sektorn har pausats
  • Nyemission om 26 MSEK genomfördes hösten 2021

Meltrons half year report for 2021-07-01-2021-12-31

Financial highlights (Group)

  • Net sales decreased to 1,4 MSEK (2,7)
  • Operating result was -18,6 MSEK (-10,7), incl depreciations and write-down of Dairy Lights of 5,8 MSEK
  • Net result was -19,2 MSEK (-14,1)
  • Cash flow from operations was -11,8 MSEK (-12,3)

Significant events during first half of the year

  • Good progress made with Forestry Industry customers
  • Cooperation with Huawei started to develop advanced lighting system for "Smart Cities"
  • Cooperation with ISAP (US) and the Agricultural lighting segment put on hold
  • Successful rights issue 26 MSEK carried out in Autumn 2021

Meltron utser ny VD med gedigen erfarenhet av belysning

Styrelsen för Meltron har utsett Stefan Kåla till VD. Stefan har examen från Svenska handelshögskolan i Vasa, är 50 år, uppvuxen i Österbotten och bor i Helsingfors sedan många år. Han har arbetat hela sin karriär i belysningsbranschen. Under nästan 20 år var Stefan marknadsdirektör och exportchef för Oy Lival Ab, som är en ledande leverantör av butiksbelysning, allt från livsmedelsbutiker till varuhus. Stefan byggde med hjälp av en liten grupp medarbetare upp ett nät av återförsäljare och distributörer och ledde dem till en försäljning av mer än 1350 MSEK/år. Han satt i ledningsgruppen för Lival och deltog mångsidigt i företagets processer, bland annat produktutveckling. De senaste fem åren har han arbetat för Nordic Light inom svenska ITAB-koncernen med att bygga upp verksamheten i Europa. Även Nordic Light är specialiserat inom butiksbelysning med IKEA och H&M som storkunder över hela världen.


Meltron appoints new CEO with extensive lighting experience

The Board of Meltron has appointed Stefan Kåla as CEO. Stefan has a degree from the Swedish School of Economics of Vaasa, grew up in Österbotten and lives in Helsinki since many years. His whole career is in the lighting business. For almost 20 years Stefan was marketing director and head of exports at Oy Lival Ab, a leading supplier of lighting systems for shops and retail, everything from food shops and supermarkets to department stores. Leading a small team of colleagues Stefan built a network of resellers and distributors and was responsible for sales of more than 130 M€/year. He was member of the management team at Lival and participated in many aspects of the company's processes, i.a. product development. The last five years he has been working for Nordic Light in the ITAB group of Sweden, building its European business. Nordic Light is also specialized in lighting for the retail industry with IKEA and H&M as large customers worldwide.


Meltron tecknar överenskommelse - genombrott I Oman

Meltron har nu tecknat ett Memorandum of Understanding med regeringen I Oman om leveranser av lampor till flera projekt och att senare etablera en sammansättningsfabrik i Oman för framtida leveranser.


Meltron signs break-through agreement in Oman

Meltron has now signed a Memorandum of Understanding with the Government of Oman for the deliveries of luminaries for several projects and for eventually establishing an assembly facility in Oman for future deliveries.






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