PRESS RELEASE

Stockholm, 8 February 2016

Scandinavian Biogas Fuels International AB (publ) issues 4-year SEK 200 million senior secured bond

Scandinavian Biogas Fuels International AB (“the Group”) has successfully placed an issue of senior secured bonds in the amount of SEK 200 million. The bonds, maturing in February 2020, will bear a floating coupon of 3 months Stibor + 9.75% (paid quarterly) and the terms include an equity interest rate adjustment effectively reducing the coupon following one or more equity injections. The bonds will be listed on Nasdaq Stockholm.

The proceeds from the bond issue will be allocated towards partial financing of the planned biogas production facility in Skogn, Norway (Biokraft AS), partial refinancing of outstanding debt, and to finance the Group’s investment and optimisation programme with aim to enhance production capacity and profitability, as well as to facilitate continued expansion in the Nordics.

The transaction was successfully placed among predominantly Swedish investors with additional participation from other Nordic countries as well as continental Europe. Altogether, approximately 40 investors participated in the issue.

We are pleased to secure financing for Scandinavian Biogas’ strategically important expansion into the Norwegian market and to support continued growth in our core markets. Our strategy is to continue to build from our dominant position in Sweden, proceeding from our in-house developed HOLD-Technology™ which makes us a leading force in efficient biogas production. By securing the financing for the continued investment programme and the planned expansion into Norway, Scandinavian Biogas is now executing on its growth strategy aiming to deliver 1 TWh biogas energy on the market by 2020 ” says Matti Vikkula, CEO of Scandinavian Biogas Fuels International AB (publ).

This press release is, for the avoidance of doubt, not an offer to purchase or sell financial instruments.

Pareto Securities acted as Sole Bookrunner and Financial Advisor to the Group.

For further information regarding the Group, please contact:

Matti Vikkula, CEO              Telephone: +46 (0)8 503 872 20
E-mail: matti.vikkula@scandinavianbiogas.com

Lotta Lindstam, CFO           Telephone: +46 (0)8 503 872 20
E-mail: lotta.lindstam@scandinavianbiogas.com

For further information regarding the Bonds, please contact:

Markus Wirenhammar, Head of Debt Capital Markets, Pareto Securities
Telephone: +46 (0)708 – 72 51 86
E-mail: mw@paretosec.com

 

 

2020-05-20 12:00

SUMMONS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

The shareholders of Scandinavian Biogas Fuels International AB (publ), 556528-4733, are hereby summoned to the annual general meeting on Thursday, 25 June 2020, at 10:00, Westmanska palatset, Holländargatan 17, Stockholm, Sweden.

Right to participate, etc.

Right to participate at the general meeting belong to those shareholders who are registered in the share register held by Euroclear Sweden AB on Thursday, 18 June 2020, and have given notice about attendance to the general meeting to the company no later than Thursday, 18 June 2020 at 4.00 p.m. by regular mail to the address Scandinavian Biogas Fuels International AB (publ), Holländargatan 21A, SE-111 60 Stockholm or by e-mail to anna.budzynski@scandinavianbiogas.com. When giving notice about attendance, shareholders should state their name, personal/corporate registration number as well as postal address, telephone number and shareholdings.

Shareholders represented by proxy shall issue a dated and signed power of attorney for the representative. If the power of attorney is issued on behalf of a legal person or entity, a certified copy of a certificate of registration or similar shall be enclosed. The original copy of the power of attorney and, where applicable, the certificate should be submitted to the company by mail at the above-mentioned address well in advance of the general meeting. The company provides a form of power of attorney at request and it is also available at the company’s website, www.scandinavianbiogas.com.

Shareholders whose shares are registered with a trustee must, in order to be entitled to attend the annual general meeting, temporarily register the shares in their own names. A shareholder who wishes to request such re-registration must notify its trustee well in advance of Thursday, 18 June 2020, when such registration must be completed.

For information on how your personal data is processed in connection to the annual general meeting, see the privacy policy available on Euroclear Sweden AB’s website:

https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf

Information regarding measures with regards to COVID-19

Due to the spread of the virus that causes COVID-19, the company has taken a number of precautionary measures ahead of the annual general meeting to protect the health of the shareholders and the employees and to limit potential spread of the virus. The precautionary measures imply that planned speeches will be kept to a minimum and that no refreshments will be served. Participation by management, members of the board of directors, as well as non-shareholders, will be limited. The company encourages the shareholders to use the below options to exercise their voting rights without participating physically at the annual general meeting. The company follows the development closely and will publish updated information if necessary.

Postal voting

The board of directors of the company has, based on the temporary legislation entered into force on 15 April 2020, decided that the shareholders should be able to exercise their voting rights by post prior to the annual general meeting. Forms and additional information on postal voting will be available on the company’s website, www.scandinavianbiogas.com. Postal votes must be received by the company no later than on 24 June 2020, at 12:00.

Please note that notification of shareholders' participation at the annual general meeting and, where applicable, re-registration of nominee-registered shares must take place in the manner prescribed above, even if the shareholder intends to exercise its voting right by postal vote.

Proposed agenda

  1. Opening of the general meeting
  2. Election of a chairman to conduct the meeting
  3. Drawing up and approval of the voting list
  4. Election of one or two persons to sign the minutes
  5. Determination as to whether the meeting has been duly convened
  6. Approval of the agenda for the meeting
  7. The CEO’s report and any questions in connection thereof
  8. Presentation of the annual statement and the audit report and the consolidated annual statement and the consolidated audit report
  9. Decision concerning
    1. adoption of the income statement and the balance sheet and the consolidated income statement and consolidated balance sheet
    2. appropriation of the company's profit and loss according to the adopted balance sheet
    3. discharge of the directors and the CEO from liability
  10. Determination of the number of board members and deputy board members
  11. Determination of remuneration to the board of directors and the auditors
  12. Election of board members, chairman of the board and deputy board members
  13. Election of auditor
  14. The board of director’s proposed resolution to authorize the board of directors to resolve on issues of shares, warrants and/or convertibles
  15. Closing of the general meeting

Decision regarding appropriation of the company's net profit/loss (item 9 b)

The board of directors and the CEO propose that the net profit/loss for the year shall be carried forward and that no dividend shall be made for the 2019 financial year.

Proposal for resolution regarding the number of board members, fees and election of board members, chairman of the board, deputy board members and auditor (items 10–13)

Item 10–12 – The nomination committee intends to return with proposals on these items as soon as possible and at the latest in connection with the general meeting.

Item 13 – The nomination committee proposes to, until the next annual general meeting, elect Öhrlings PricewaterhouseCoopers AB to the company’s auditor, which intends to appoint Lars Kylberg as the auditor in charge. 

The board of director’s proposed resolution to authorize the board of directors to resolve on issues of shares, warrants and/or convertibles (item 14)

The board of directors proposes that the annual general meeting authorize the board of directors to, within the scope of the articles of association, with or without deviation from the shareholders’ preferential right, on one or several occasions during the period until the next annual general meeting, resolve on issues of new shares, warrants and/or convertibles. The total number of shares issued in accordance with this authorization may be equivalent to a maximum of 60,000,000 shares, corresponding to approximately 35.7 per cent of the number of shares in the company, based on the total number of shares in the company at the time of the notice of the 2020 annual general meeting. The issues shall be made with issue rates at market rate, and where applicable be subject to issue discount at market rate, and payment shall, apart from payment in cash, be made in kind or by set-off or otherwise with conditions. The purpose of the authorization and the reasons for any deviation from the shareholders’ preferential right is that the company shall be able to increase the company’s financial flexibility and/or the board of directors’ discretion, for example in connection with strategic acquisitions of companies and businesses that the company may carry out.

The board of directors, the CEO or the person that the board of directors appoints shall be authorized to make such minor amendments and clarifications of the resolution by the general meeting that is required when registering with the Swedish Companies Registration Office.

A resolution in accordance with the board of directors’ proposal according to above requires the approval of shareholders representing at least two thirds of the votes cast and the shares represented at the meeting.

Information at the annual general meeting

The board of directors and the CEO shall, upon request by any shareholder and where the board of directors determines that it can be done without material harm to the company, provide information of circumstances which may affect the assessment of a matter on the agenda, and circumstances which may affect the assessment of the company’s or a subsidiary’s financial position and the company’s relationship to other group companies.

Documentation for the annual general meeting

Accounting documents, audit report, and other documents pursuant to the Companies Act will be available at the offices of the company on Holländargatan 21A in Stockholm and at the company’s website www.scandinavianbiogas.com no later than three weeks before the general meeting. All documents will be sent free of charge to any share­holder who so requests and states their email- or postal address.

___________________________

Stockholm in May 2020

Scandinavian Biogas Fuels International AB (publ)

The board of directors

2020-05-20

SUMMONS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

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2020-05-12

Open position - Team Leader for our pre-treatment plant

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2020-04-29

Scandinavian Biogas Interim Report for the period 1 January – 31 March 2020

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2020-03-24

Scandinavian Biogas Fuels International AB (publ) Year-end report for the period 1 January – 31 December 2019

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2020-02-10

Scandinavian Biogas has today repaid the bond loan 2016/2020

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2019-10-31

Scandinavian Biogas Interim Report for the period 1 January – 30 September 2019

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2019-09-30

Scandinavian Biogas secures financing for repayment of bond loan 2016/2020

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2019-08-15

Scandinavian Biogas Interim Report for the period 1 January – 30 June 2019

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2019-08-09

Interim report will be published on August 15, 2019

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2019-07-19

Scandinavian Biogas publishes outcome of oversubscribed rights issue and carries out a secured directed share issue of SEK 60 million

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2019-06-27

Report from the Annual General Meeting of Scandinavian Biogas Fuels International AB (publ)

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2019-06-14

Subscription period for rights issue of 10 MSEK is 17th of June to 5th of July

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2019-06-05

Scandinavian Biogas carries out directed issue and rights issue in a total of SEK 86 million and intends to carry out a secured directed issue of SEK 60 million. Total issue volume SEK 146 million

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2019-06-05

Scandinavian Biogas announces fully secured share issues with a value of 136 MSEK; intends to carry out a rights issue of 10 MSEK

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2019-05-28

SUMMONS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

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2019-05-23

Scandinavian Biogas subsidiary to deliver liquid biogas to Hurtigruten

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2019-04-26

Scandinavian Biogas Interim Report for the period 1 January – 31 March 2019

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2019-04-25

Scandinavian Biogas Annual Group Report 2018

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2019-04-18

Results from Scandinavian Biogas written procedure

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2019-03-28

Scandinavian Biogas initiates a written procedure

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2019-02-28

Scandinavian Biogas Interim report for the period 1 January – 31 December 2018

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2019-01-25

Scandinavian Biogas Intends to Conduct a Directed Share Issue

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2018-11-28

Result from Scandinavian Biogas Fuels International AB (publ)s written procedure

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2018-11-09

Scandinavian Biogas Interim Report for the period 1 July – 30 September 2018

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2018-11-09

Scandinavian Biogas initiates a written procedure

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2018-11-08

Scandinavian Biogas to launch written procedure following constructive discussion with certain bondholders

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2018-10-23

Release of Q3 2018 interim report postponed as court ruling for dispute related to Södertörn facility received

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2018-09-03

Worlds largest LBG factory in operation

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2018-08-23

Scandinavian Biogas Interim report for the period 1 January – 30 June 2018

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2018-08-23

Court ruling in the penalty fee dispute in Ulsan, South Korea

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2018-07-03

Profitability 2018 is estimated to be lower than previously communicated

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2018-06-29

Safer management of your personal information

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2018-06-20

The nomination committee’s proposal regarding board of directors and remuneration for the annual general meeting 2018

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2018-05-25

SUMMONS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

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2018-05-22

Results from Scandinavian Biogas written procedure

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2018-05-02

Results from Scandinavian Biogas Fuels International AB’s written procedure and renewed written procedure

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2018-04-26

Scandinavian Biogas Interim Report for the period 1 January – 31 March 2018

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2018-04-11

Scandinavian Biogas initiates a written procedure

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2018-03-20

Scandinavian Biogas Annual Group Report 2017

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2018-03-12

The first shipload of feed stock has been received at Biokraft's biogas plant at Skogn

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2018-02-15

Scandinavian Biogas Year-end report for the period 1 January – 31 December 2017

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2018-01-10

Scandinavian Biogas is including one-off costs in annual Group accounts 2017 and updating Outlook 2017

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2017-11-21

Scandinavian Biogas’ Board will evaluate various strategic and capital structure alternatives

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2017-10-26

Scandinavian Biogas Interim Report for the period 1 January – 30 September 2017

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2017-08-24

Scandinavian Biogas Interim Report for the period 1 January – 30 June 2017

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2017-08-16

Scandinavian Biogas publishes bond prospectus and applies for listing of the additional bonds on Nasdaq Stockholm

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2017-06-30

Scandinavian Biogas press release amendment of terms and conditions

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2017-06-15

Scandinavian Biogas issues subsequent SEK 30 million senior secured bonds

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2017-05-17

Scandinavian Biogas rights issue over-subscribed

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2017-04-28

Scandinavian Biogas Interim report for the period 1 January – 31 March 2017

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2017-04-13

Scandinavian Biogas has decided on a directed share issue of approximately SEK 43 million and a rights issue of approximately SEK 23 million

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2017-04-10

SUMMONS TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB (PUBL)

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2016-09-07

Press Release

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2016-08-19

Press Release

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2016-08-18

Interim Report - Q2 2016

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2016-04-29

Press release

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2016-04-29

Interim Report - Q1 2016

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2016-03-30

Summons to the Annual General Meeting

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2016-02-18

Unutilized residues

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2016-02-08

Issues 4-year senior secured bond

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2016-02-08

Invests in a new Liquid Biogas Plant

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2015-04-29

Summons to the annual general meeting of shareholders

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