Annual report 2019/2020
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.
In the auditor's report the auditor states that he can not assess the value in the balance sheet of the of the subsidiary in Finland, Meltron Oy, or the value of patents and other Intellectual Property Rights. These values are linked to the future development of sales. The auditor recommends the discharge of liability for the Board of Directors and the Chief Executive.
The Annual General Meeting will be held 2020-09-25 in Stockholm, see call of 2020-08-26.
The Company nows makes a fully guaranteed Rights Issue with priority for current shareholders, planned for 28 September to 13 October 2020. This will allow the Company to finance the sharply intensified marketing and sales efforts according to plan and to lay down the basis for a rapid expansion.
For more information, please contact:
Göran Lundgren, Chairman of Meltron AB, telephone: +46 70 467 4040; [email protected]
Ville Sistonen, CEO of Meltron AB, telephone: +358 40 746 4781; [email protected]
Meltron AB, Embassy House, Linnégatan 89C, 115 23 Stockholm
Read more at www.meltron.com
This information is such information which Meltron AB (publ) is obliged to publish in accordance with regulatory requirements and the trading at NGM Nordic SME. The information was submitted for publication in Swedish, by the contact persons set out above, on 2020-09-02, at 16:00 am. This English version is published as a service; in case of discrepancies the Swedish version will prevail.
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
Meltron's share is traded on NGM Nordic SME under the ticker MLTR.