Scandinavian Biogas News

We work for a better Environment

We keep you updated in the meantime

2017-05-17 13:00

Scandinavian Biogas rights issue over-subscribed

Scandinavian Biogas Fuels International AB (publ) (the "Company") has completed a rights issue of shares which was decided upon, with support of authorization, by of the Board of Directors on 12 April 2017 (the “Rights Issue”). The Rights Issue was 100 per cent subscribed, corresponding to approximately SEK 23.4 million. Major shareholders who have given loans of SEK 16 million in total to the Company have requested, and the Board of directors has granted such request, to set-off their loans under the Rights Issue, corresponding to approximately 70 per cent of the Rights Issue.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, WHETHER DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH SUCH ACTION IS WHOLLY OR PARTIALLY SUBJECT TO LEGAL RESTRICTIONS.

85 per cent of the Rights Issue was subscribed for on the basis of subscription rights, and the remainder, 15 per cent, without subscription rights. Almost 7.1 million shares were subscribed for, which means an over-subscription of circa 1.1 million shares.

By completion of the Rights Issue, the number of shares in the Company increases with 6,006,177 shares to 107,098,839 shares and the Company’s share capital increases with approximately SEK 1,201,236 to approximately SEK 21,419,769.

Allocation of shares subscribed for without subscription rights under the Rights Issue has taken place according to the principles indicated in the investment memorandum dated 18 April 2017. Notice of allocation will be given in the form of a transaction note sent to each subscriber who has been allocated shares. Allocated shares must be settled by no later than the date indicated on the transaction note.

Together with the directed share issue, registered on April 25, 2017, the company will, with the Rights Issue, receive a gross amount of MSEK 66.3 in equity.

-          “We are very pleased with the outcome of the two share issues and consider it a good starting point for the planned listing of the share on a relevant marketplace. The funds will be used to strengthen the Group's liquidity and for remaining investments, particularly the facility in Södertörn. " says CEO Matti Vikkula

For more information, please contact:
Matti Vikkula
CEO Scandinavian Biogas
+46 70-597 99 38
matti.vikkula@scandinavianbiogas.com

The Company in brief:
Scandinavian Biogas is today one of the largest private producers of biogas as a vehicle fuel. The Company also operates a manufacturing plant for pre-treatment of food waste and industrial organic waste, as well as a plant for the production of raw biogas in South Korea.

Information:
This information is information that Scandinavian Biogas Fuels International AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14:00 CET on 17 May 2017.

Disclaimer:
The Rights Issue is not directed to persons resident in the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa or any other jurisdiction where participation would require a prospectus, registration or other measures than those required by Swedish law.

This press release may consequently not be published or distributed, directly or indirectly, in or into the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland Singapore, South Africa or any other jurisdiction where such action wholly or partially violates applicable laws or regulations. The information in this press release may not be forwarded, reproduced or disclosed in ways that conflict with such laws or regulations. Failure to comply with this instruction may result in violation of the US Securities Act of 1933 or applicable laws in other jurisdictions.

2019-08-15

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

Read more

2019-08-09

Interim report will be published on August 15, 2019

Read more

2019-07-19

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

Read more

2019-06-27

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

Read more

2019-06-14

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

Read more

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

Read more

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

Read more

2019-05-28

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

Read more

2019-05-23

Scandinavian Biogas subsidiary to deliver liquid biogas to Hurtigruten

Read more

2019-04-26

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

Read more

2019-04-25

Scandinavian Biogas Annual Group Report 2018

Read more

2019-04-18

Results from Scandinavian Biogas written procedure

Read more

2019-03-28

Scandinavian Biogas initiates a written procedure

Read more

2019-02-28

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

Read more

2019-01-25

Scandinavian Biogas Intends to Conduct a Directed Share Issue

Read more

2018-11-28

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

Read more

2018-11-09

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

Read more

2018-11-09

Scandinavian Biogas initiates a written procedure

Read more

2018-11-08

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

Read more

2018-10-23

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

Read more

2018-09-03

Worlds largest LBG factory in operation

Read more

2018-08-23

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

Read more

2018-08-23

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

Read more

2018-07-03

Profitability 2018 is estimated to be lower than previously communicated

Read more

2018-06-29

Safer management of your personal information

Read more

2018-06-20

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

Read more

2018-05-25

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

Read more

2018-05-22

Results from Scandinavian Biogas written procedure

Read more

2018-05-02

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

Read more

2018-04-26

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

Read more

2018-04-11

Scandinavian Biogas initiates a written procedure

Read more

2018-03-20

Scandinavian Biogas Annual Group Report 2017

Read more

2018-03-12

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

Read more

2018-02-15

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

Read more

2018-01-10

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

Read more

2017-11-21

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

Read more

2017-10-26

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

Read more

2017-08-24

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

Read more

2017-08-16

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

Read more

2017-06-30

Scandinavian Biogas press release amendment of terms and conditions

Read more

2017-06-15

Scandinavian Biogas issues subsequent SEK 30 million senior secured bonds

Read more

2017-05-17

Scandinavian Biogas rights issue over-subscribed

Read more

2017-04-28

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

Read more

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

Read more

2017-04-10

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

Read more

2017-02-28

Scandinavian Biogas Year-end report for the period 1 January – 31 December 2016

Read more

2017-02-08

Scandinavian Biogas is preparing the group for a public listing of its share – signing loan agreements for 16 MSEK for the forthcoming share issue

Read more

2016-10-28

Scandinavian Biogas Interim report for 1 January – 30 September 2016

Read more

2016-09-07

Press Release

Read more

2016-09-01

International scientific biogas conference

Read more

2016-08-19

Press Release

Read more

2016-08-18

Interim Report - Q2 2016

Read more

2016-07-14

New European grant to

Read more

2016-04-29

Press release

Read more

2016-04-29

Interim Report - Q1 2016

Read more

2016-03-30

Summons to the Annual General Meeting

Read more

2016-02-18

Unutilized residues

Read more

2016-02-08

Issues 4-year senior secured bond

Read more

2016-02-08

Invests in a new Liquid Biogas Plant

Read more

2015-04-29

Summons to the annual general meeting of shareholders

Read more

2014-08-14

Macroalgae may be a new substrate in biogas production

Read more

2014-04-22

Board of directors

Read more

2014-04-22

Business objectives

Read more

© 2019 Scandinavian Biogas Fuels International AB all rights reserved