Opcon performs directed issue of 12,087,454 shares at SEK 0.59 per share

Regulatory News:

As authorized by the annual general meeting of shareholders, Opcon’s (STO:OPCO) Board has decided to carry out a directed issue of 12,087,454 new shares at a price of SEK 0.59 per share. The shares are issued for GEM Global Yield Fund Ltd.

After the registration of the new shares, the total number of issued shares in Opcon Aktiebolag (publ) will amount to 309,972,730.

During Q2 2011 Opcon AB signed an agreement with GEM Investment Advisers, Inc. and GEM Global Yield Fund Ltd. concerning an equity line financing facility of up to SEK 250 million over 36 months including an advance of SEK 25 million. The agreement was signed to strengthen the company and secure access to capital over time while giving Opcon the opportunity to successively raise capital in return for new shares.

In 2011 Opcon utilised SEK 13.8 million of this facility, which was offset against the advance payment.

As part of the refinancing at Opcon, which includes settlement of expensive interest-bearing liabilities, Opcon is now performing a directed placement of a total of 12,087,454 shares to GEM. The price has been set at SEK 0.59 per share, which will raise SEK 7,131,598 for Opcon before costs. This sum will be set off against the advance payment that GEM has made. The remainder of the advance has been paid by Opcon in cash, which means that the advance received has now been settled.

The shares have been subscribed for and issued to GEM Global Yield Fund Lt.

The company’s share capital will increase by SEK 15,109,317.50. Since the subscription price for the issue has been set at an amount below the shares’ nominal value, SEK 7,977,719.50 shall be transferred to the company’s share capital through a transfer from shareholders’ equity.

The Opcon Group Opcon is an energy and environmental technology Group that develops, produces and markets systems and products for eco-friendly, efficient and resource-effective use of energy.

Opcon has activities in Sweden, Germany and the UK. There are around 150 employees. The company’s shares are listed on Nasdaq OMX Stockholm. The Group comprises one business area: Renewable Energy focuses on the following areas: electricity generation based on waste heat, bioenergy-powered heating and CHP plants, pellets plants, drying of biomass, handling systems for biomass, sludge and natural gas, industrial cooling, flue gas condensation, treatment of flue gases and air systems for fuel cells.

Opcon AB (publ) is obliged to disclose the information in this press release in accordance with the Swedish law governing the securities markets and/or trading in financial instruments. The information was submitted for publication at 08.30 (CET) on Wednesday 16 January 2013.

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