Scandinavian Biogas is preparing the group for a public listing of its share – signing loan agreements for 16 MSEK for the forthcoming share issue
The planned share issue is part of group´s strategic plan which is aiming for the listing of its share on a relevant marketplace earliest autumn 2017.
Scandinavian Biogas Fuels International AB (publ) has signed loan agreements on approximately 16 MSEK with several of its largest shareholders. The loans will be used for different investments and to improve the groups liquidity. The intention is to convert the loans into equity in an upcoming share issue planned to be conducted during the spring 2017. The details about such share issue will be announced going forward when resolutions have been taken. The interest rate on the loans is market based in relation to the interest rate of the previously issued bonds.
For further information, contact Matti Vikkula, CEO and president,
+46 70 597 99 38, email@example.com
The information in this press release is such that Scandinavian Biogas Fuels International AB (publ) must disclose in accordance with the EU Market Abuse Regulation (EU MAR) No. 596/2014. The information was submitted for publication on February 8, 2017, at 16:30 CET.