"The second quarter was the most uncertain quarter we have ever entered as a listed company. We did
- It was resolved in accordance with the proposal from the Board to make a non cash equity issue of 823.224 shares as part of the payment for the shares in Biokleen Miljökemi AB.
- It was resolved in accordance with the proposal from the Board to make a directed equity issue of max 544.497 shares to key personnels in OrganoClick AB (publ) and Biokleen Miljökemi AB for a share price of 6,01 SEK / share, corresponding to a gross equity raising amounting to SEK 3.272.426,97. The share price has been set as the average share price during the period 21 November 2016 until 16 December 2016 with a 10 % discount.
- It was resolved in accordance with the proposal from the Board to give an authorisation for the Board of Directors to resolve on new issues of shares until the next Annual General Meeting.
It was given notice that all resolutions were taken unanimously.
Following registration of the new shares, OrganoClick will have a total of 68.495.582 shares and have raised its share capital with SEK 13.677,2.
OrganoClick AB (publ)
The Board of Directors
For questions, please contact
Mårten Hellberg, CEO OrganoClick AB, phone: +46 (0)8-684 001 10
OrganoClick AB (publ) is a Swedish cleantech company listed on Nasdaq First North that 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 timber protectant OrganoWood® (through the subsidiary company OrganoWood AB) and biobased binders for non-woven materials.OrganoClick was founded in 2006 as a commercial spinoff company based on academic research examining the modification of biofibers performed at Stockholm University and the Swedish University of Agricultural Sciences. OrganoClick has won several prizes and has been designated “Sweden's most promising start-up company”, Sweden's best environmental innovation and has appeared on the Affärsvärldens och NyTekniks top 33 list of “Sweden's hottest technology companies”. The company has also received a number of awards, such as The Worldwide Fund for Nature (WWF) “Climate Solver” award. OrganoClick’s headquarters are in Täby, north of Stockholm, where the company's production, R&D, sales and marketing departments are located. OrganoClick's Certified Adviser on Nasdaq First North is Erik Penser Bank.
The information in this press release contains information that OrganoClick AB (publ) is obliged to release according to the EU's market regulation law number 596/2014. The information was published, of the contact person above, 19 December at 12:30.