OrganoClick has signed a reseller agreement with Stadium for OrganoTex®. Under the agreement,
Mårten Hellberg, CEO of OrganoClick AB (publ) resolves his stock options through his 100 % owned holding company M. Hellberg AB. The transaction adds SEK 3,71 million in new equity to the company. After the transaction, 100 % of the outstanding stock option rights have been used and payment from the conversion has been made to the company.
After the conversation, the total number of shares increase with 1,060,000 shares to a total of 67,127,861 shares. The share capital will increase with SEK 10 600 to a total of SEK 671,278,61. The payment for the shares has been made to the company.
After the transaction, Mårten Hellberg will have a total of 7,143,876 shares (owned privately and through company) corresponding to 10,64 % of the capital and votes in the company.
The extraordinary general meeting held on the 15th of June 2010, resolved to issue 1,060,000 stock option rights to Mårten Hellberg, CEO of OrganoClick as part of his remuneration. Each stock option right gave the rigth to sign one stock to a price of SEK 3.50 per share. The stock options could be resolved from the date of issue until the 15th of June 2015.
For mor information please contact:
CFO OrganoClick AB (publ)
Phone: +46 8 684 001 19
OrganoClick AB (publ) is a public Swedish cleantech company listed on Nasdaq First North. The company develops, produces and markets functional materials based on environmentally friendly fiber chemistry. Examples of products that are marketed by OrganoClick are the water repellent fabric treatment OrganoTex®, the flame and rot-resistant timber OrganoWood® and biocomposite materials. OrganoClick was founded in 2006 as a commercial spin-off company based on research performed at Stockholm University and the Swedish University of Agricultural Sciences within environmentally friendly fiber chemistry. OrganoClick has won a number of prizes, such as "Sweden's Most Promising Start-up" and "Sweden's Best Environmental Innovation", and has also received a number of awards, such as the WWF "Climate Solver" award and has also appeared for two years on the Affärsvärldens and NyTekniks list of Sweden's top 33 hottest technology companies. OrganoClick has its head office, production and R&D located in Täby, north of Stockholm. OrganoClick's Certified Adviser on Nasdaq First North is Pareto Securities AB.