08:23:18 Europe / Stockholm

Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande

Kalender

2023-09-29 Årsstämma 2024
2023-08-29 Bokslutskommuniké 2023
2023-02-22 Kvartalsrapport 2023-Q2
2022-10-03 Ordinarie utdelning MLTR 0.00 SEK
2022-09-30 Årsstämma 2023
2022-08-26 Bokslutskommuniké 2022
2022-05-19 Split MLTR 10:1
2022-05-03 Extra Bolagsstämma 2022
2022-02-18 Kvartalsrapport 2022-Q2
2021-10-04 Ordinarie utdelning MLTR 0.00 SEK
2021-10-01 Årsstämma 2022
2021-08-30 Bokslutskommuniké 2021
2021-02-12 Kvartalsrapport 2021-Q2
2020-09-28 Ordinarie utdelning MLTR 0.00 SEK
2020-09-25 Årsstämma 2020
2020-08-26 Bokslutskommuniké 2019
2019-12-18 Kvartalsrapport 2019-Q2
2019-08-21 Ordinarie utdelning MLTR 0.00 SEK
2019-08-20 Årsstämma 2019
2018-12-05 Kvartalsrapport 2018-Q2
2018-06-18 Bokslutskommuniké 2017
2018-06-15 Ordinarie utdelning MLTR 0.00 SEK
2017-12-15 Kvartalsrapport 2017-Q2
2017-09-05 Årsstämma 2017
2017-06-30 Bokslutskommuniké 2016
2016-12-15 Kvartalsrapport 2016-Q2
2016-12-09 Extra Bolagsstämma 2016
2016-11-15 Kvartalsrapport 2016-Q3

Beskrivning

LandSverige
ListaNordic SME Sweden
SektorInformationsteknik
IndustriElektronisk utrustning
Meltron är verksamma inom teknikbranschen. Bolaget utvecklar drivdonsteknik och teknikkontroll för lampor. Exempel på lampor som Meltron utvecklar för närvarande är Flood Light- och High Bay lampor, ljusarmaturer, lysrör och ersättningslampor. Kunderna återfinns inom flera sektorer och störst verksamhet återfinns inom den nordiska marknaden. Bolaget har sitt huvudkontor i Stockholm.
2020-08-25 11:15:41

This press release may not be published or distributed, neither directly nor indirectly, in or to the USA, Canada, Australia, Hongkong, Japan, New Zealand, South Korea, Switzerland, Singapore or South Africa or in any other jurisdiction where the distribution of this press release would be illegal.

The Board of Meltron AB (publ) ("Meltron" or the "Company") has, within the mandate given to it at the Annual Shareholders' meeting 20 August 2019, decided the make an issue of new shares with priority for current shareholders (the "Priority Issue" or the "Offer") of approximately 25 MSEK before costs of the issue. The proceeds will primarily be used to carry out the planned, increased sales activities, incl necessary working capital, for technical and business development and for operations. The issue is fully secured up to approximately 25 MSEK through guarantee commitments and pre-subscriptions; the Company has, however, neither requested nor received bank securities for these commitments.

Background and motive

Meltron develops, manufactures and sells advanced lighting systems built on LED technologies based on over 20 years of research and development. The work of the Company has generated a high quality, patent portfolio of products. Meltron today has a set of meriting important reference customers, which sets the scene and enables the Company to win further strategically important pilot orders. The Company's ambition is to develop the pilot orders into global frame agreements.

The current expansion phase with the target of winning further prestigious pilot orders and in parallel developing signed contracts calls for increased working capital and a reinforced marketing and sales organization. This is the background and the motive of the coming Priority Issue. The Company has received pre-subscription commitments of approx. 1,6 MSEK from the Board, management and main shareholders and guarantee commitments of approx. 23,4 MSEK from two consortia of investors, one base guarantee up to 82 % of the issue and a top guarantee from 82 % up to 100 % of the issue. This means the whole issue of approx. 25 MSEK is secured through pre-subscriptions and guarantees. The Company has, however, neither requested nor received bank securities for these commitments.

The Company will receive net proceeds of approx. 22,2 MSEK after costs for the issue of approx. 2,6 MSEK. The base guarantors are further compensated either by off-set of additional shares at the same terms as of the issue (14 % fee or approx. 2,65 MSEK), or alternatively in cash (12 % or approx. 2,3 MSEK). The top guarantors are compensated with 15 % of guaranteed amount by off-set of additional shares (equal to approx. 0,7 MSEK). Of the net proceeds 2 MSEK will be used for repayment of previous bridge loans.

Net proceeds of the Offer are planned to be used as follows:

Marketing and sales organisation: 40 %
Research and technical development: 17 %
Production capacity: 20 %
Repayment of bridge loans: 9 %
Other working capital: 14 %


The net proceeds of the Priority Issue will strengthen the Company's financial situation and is deemed, including current cash, to suffice to secure the Company's business strategy and strategic objectives for the desired development for the next 12 months. With a large interest The Board may have the opportunity to issue further shares on the same terms in a directed issue up to approx. 4 MSEK.

The Priority Issue in summary

  • Registered shareholders on the balance day will receive one (1) subscription right for every one (1) current share
  • Eight (8) subscription rights will ghive the right to subscribe for five (5) new shares
  • Every new share will have the same rights as current shares of the same class (the Company currently has one class of ordinary shares)
  • Subscription price is 0,25 SEK/share
  • The balance day for the right to participate in the Priority Issue is 24 September 2020
  • At full subscription Meltron receives approx 25 MSEK before costs for the issue
  • The subscription period is 28 Septber - 13 October 2020
  • The Priority Issue is guaranteed 100 % by guarantee and pre-subscription commitments; however, the Company has neither requested nor received bank securities for these commitments.
  • With a large interest The Board may have the opportunity to issue further shares on the same terms in a directed issue up to approx. 4 MSEK.

Preliminary schedule

Tuesday 22 September 2020: Last day of trading of the share including the right to participate

Wednesday 23 September 2020: First day of trading of the share without the right to participate

Thursday 24 September 2020: Balance day for subscription rights and right to participate in the Priority Issue

Monday 28 September 2020: Preliminary date for publication of Memorandum of Issue

Monday 28 September 2020: Subscription period starts, start of trading of subscription rights and BTA (paid shares)

Friday 9 October 2020: Trading of subscription rights ends

Tuesday 13 October 2020: Subscription period ends

Friday 16 October 2020: Results of Priority Issue is published. Notes of subscription are distributed.

Terms of the Priority Issue
The Board of Meltron decided on 25 August 2020, within the mandate authorized at the Annual Shareholders' Meeting 20 August 2019, to do a Priority Issue of up to 100 069 720 new shares. Furthermore, in case of great interest in the issue, the Board may decide to issue further approx. 16 million shares in an additional directed issue, which would generate further proceeds of approx. 4 MSEK. Additionally, shares may be issued to off-set guarantee fees as well as part of the fee of the financial advisor.

Meltron's share capital before the issue is 40 027 888,25 SEK with 160 111 553 shares. The nominal value of the share is 0,25 SEK. There is only one class of shares. Subscription of all shares of the Priority Issue will increase the share capital with 25 017 430 SEK.

Eight (8) current shares gives the right to subscribe for five (5) new share at 0,25 SEK/share. On the balance day, every current share gives one (1) subscription right and eight (8) subscription rights entitle subscription of five (5) new shares.

Guarantee commitments
The Priority Issue is guaranteed by contracts with external investors, in addition to pre-subscriptions by current shareholders, in a base guarantee up to approx. 20,5 MSEK, equal to approx. 82 % of the Priority Issue. The guarantee fee is 12 % of guaranteed amount in cash or 14 % if off-set for shares on the same terms as in the Priority Issue. Additionally, a top guarantee has been syndicated for the remainder up to 100 % of the issue, approx. 4,4 MSEK. Top guarantors are compensated with 15 % by off-set for shares on the same terms, approx. 0,7 MSEK. Pre-subscriptions are not compensated. No cash or other assets have been pledged and no other securities have been provided for these commitments. Further information on the parties of the guarantee commitments will be presented in the Memorandum of Issue, which in accordance with the preliminary schedule above will be available 28 September 2020.

Advisors
G&W Fondkommission is the financial advisor of Meltron for the Priority Issue. Aktieinvest FK AB is the issuing institute. The law firm Delphi is legal advisor to the Company.

Important information
Publication or distribution of this press release may in certain jurisdictions be subject to limitations by law and recipients in jurisdictions where this press release has been publicized or distributed should inform themselves of and follow such legal restrictions.

This press release may not be published or distributed, neither directly nor indirectly, in or to the USA, Canada, Australia, Hongkong, Japan, New Zealand, South Korea, Switzerland, Singapore or South Africa or in any other jurisdiction where the distribution of this press release would be be subject to legal restrictions. The information of this press release may not be forwarded, reproduced or displayed in a way conflicting with such restrictions. Negligence to follow this guidande may be a violation of the United States Securities Act of 1933 ("Securities Act") or applicable laws and regulations in other jurisdictions.

Neither the subscription rights, the subscribed and paid shares or the new shares will be registered in accordance with the Securities Act or any provincial law in Canada and may not be transferred to or offered for sale in the USA or Canada or to a person with domicile there or on behalf of such person unless in such cases where registration is not required by the Securities Act or any provincial law in Canada.

Meltron - "More than Just Light"

Meltron AB designs, manufactures and sells LED lighting solutions which are based on interdisciplinary application of electronics, optics, thermodynamics and nano-structures. "More than Just Light" translates into energy savings, superior light quality, product life-time savings, increased productivity, safety and wellbeing for all. Meltron provides high quality solutions for the most demanding environments in infrastructure, industry, logistics and agriculture.

LED lighting is one of world's fastest growing industries. For this sector the annual growth is 47 % and the total market for 2020 is expected at 100 billion USD, according to Edison Research

LED lighting is one of world's fastest growing industries. For this sector the annual growth is 47 % and the total market for 2020 is expected at 100 billion USD, according to Edison Research.

The Meltron share is traded on NGM Nordic SME under short name MLTR.

For further information please contact:

Göran Lundgren, chairman Meltron AB, tel: +46 70 467 4040; goran.lundgren@meltron.com

Meltron AB, Embassy House, Linnégatan 89C, 115 23 Stockholm

Läs mer på www.meltron.com

This information is such information which Meltron AB (publ) is obliged to publish in accordance with the EU's Market Abuse Regulation (MAR). The information was provided by the contact person above for publication 2020-08-25 at 11:15.

The following documents can be retrieved from beQuoted
Meltron Pressrelease 2020-08-25.pdf