News & Media

Minesto’s rights issue was oversubscribed by 25 percent

December 20, 2019
Press releases
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD...Read more »
“We are very pleased with the outcome of the rights issue and grateful for the support we have received from existing and new shareholders. Together with the private placement in October, we have secured financial resources to both deliver our current projects and to give us the opportunity to... Read more »

Subscription period starts today December 4 and subscription price for warrants is adjusted

December 04, 2019
Press releases
Today December 4 the subscription period for Minesto AB's ("Minesto" or "the Company") new issue of units with pre-emptive rights for existing shareholders ("the Rights Issue") begins. The subscription period runs from December 4 to 18, 2019. Please note that...Read more »
Shareholders in the Company who were listed in the share register kept by Euroclear Sweden AB as of the record date on December 2, 2019 receive one (1) subscription right for each share held in Minesto. Sixteen (16) subscription rights entitle subscription to one (1) unit. One (1) unit contains one... Read more »

Minesto publishes prospectus regarding rights issue and invites to investor presentation

December 02, 2019
Press releases
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD...Read more »
The Rights Issue in short Shareholders in the Company who are listed in the share register kept by Euroclear Sweden AB as of the record date on December 2, 2019 receive one (1) subscription right for each share held in Minesto. The last day of trading in the Minesto shares with the right to... Read more »

Minesto announces rights issue of units of approximately SEK 86 million

November 08, 2019
Press releases
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD...Read more »
The Rights Issue is carried out in order to give the existing shareholders of the Company the opportunity to subscribe for new shares in the Company under the same conditions as in the private placement of units of approximately SEK 60 million (the "Directed Issue") that Minesto completed in... Read more »

Minesto completes a directed issue of Units – raising proceeds of SEK 60 million – and announces subsequent rights issue of Units of SEK 86.5 million

October 28, 2019
Press releases
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD...Read more »
“These transactions allow us to accelerate the pace of commercialisation of our product. We secure the capital needed to realise our current public-funded projects as well as other market and product development activities. It also provides us with financial resources for the foreseeable future in... Read more »

Minesto receives approval for EU-funded site project in France

October 16, 2019
Press releases
Leading marine energy developer Minesto has received approval for an EU-funded project aiming at installing the company’s unique renewable energy technology at the grid-connected Paimpol-Bréhat test site in France, operated by the French electric utility company EDF with the support of the Brittany...Read more »
Minesto, as part of a wider EU-funded project called TIGER, will utilise a grant of approximately €2.4 million to manufacture, install and operate Minesto’s marine energy converter DG100 at a grid-connected site off Brittany operated by the electric utility company EDF. “The delivery of this... Read more »

Further activities to shift Minesto staff to new incentive plans

September 20, 2019
Press releases
The Board of Directors of Minesto AB has decided to offer 1,965,000 warrants to Minesto’s staff within the framework of the warrant plan PO5 approved in this year’s AGM. At the same time, Minesto’s financial advisor Pareto has facilitated the exercise of outgoing warrants of series PO3 by which a...Read more »
PO5 is the second of three future warrant plans approved in Minesto's Annual General Meeting in 2019. Minesto’s Board of Directors have decided to offer all staff a total of 1,965,000 PO5 warrants to continue to incentivise Minesto management and staff to build shareholder value in the company. A... Read more »

Minesto's management shifts to new incentive plans

August 26, 2019
Press releases
Minesto's senior executives in Sweden have acquired a total of 280,000 warrants within the framework of the employee stock option plan PO4 decided by the AGM. At the same time, a transfer of outgoing warrants of series PO3 has been carried out in a separate transaction between Minesto’s CEO...Read more »
PO4 is one of three employee stock option plans approved by Minesto's Annual General Meeting in 2019. Minesto's senior executives Martin Edlund (CEO), Fredrik Ahlström and Bernt Erik Westre have acquired 120,000, 80,000 and 80,000 warrants respectively (a total of 280,000) of series PO4 at a price... Read more »

Minesto resumes DG500 kite system operations

August 15, 2019
Minesto's marine energy converter DG500 launched in Holyhead, before being towed to the Holyhead Deep site. Photo: Warren Cardwell
Press releases
Leading marine energy developer Minesto has resumed testing of its commercial-scale DG500 kite system at the company’s Holyhead Deep site off North Wales.Read more »
“We are very pleased to be back in the water with the DG500 kite system, and we are looking forward to the continued testing operations. The team has made a great effort in upgrading the systems over winter and has executed the installation activities in an efficient and safe manner” , said Minesto... Read more »

Minesto’s CEO Martin Edlund named Presenter of the Year

June 24, 2019
Press releases
Minesto’s CEO Dr Martin Edlund has been awarded the FH Presentation Award 2018 in the category Micro Cap Presenter of the Year for consistently and skilfully presenting the Minesto business and investment case to capital market stakeholders.Read more »
Martin Edlund was presented the award alongside other winners and well-known names in Swedish business such as Martin Lundstedt, Volvo Group, Johan Forssell, Investor and Ulf Petersson, journalist at financial newspaper Dagens Industri. The FH Presentation Award is arranged by Financial Hearings,... Read more »

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