#Sweden #Gothenburg #Warrants #Minesto #Series TO4

Trading Update for Minesto AB

Today, March 28, 2025, is a significant date for investors as it marks the final day to trade the warrants from series TO4 for Minesto AB (publ). These warrants provide a unique opportunity for shareholders to subscribe for new shares in the company. The subscription period extends until April 1, 2025, allowing owners the option to either exercise their rights or potentially sell their warrants.

Key Details of Series TO4 Warrants

Each TO4 warrant permits the holder to obtain one new share at an exercise price of SEK 1.54. If all warrants are utilized, Minesto could raise around SEK 17.1 million before deducting issuance costs. It's crucial for warrant holders to either actively exercise their warrants before the deadline or sell them by today to avoid them becoming worthless. Certain nominees may have early closing dates for their applications prior to April 1, 2025, adding urgency to act.

Financial Outlook

Should all TO4 warrants be exercised, the total number of shares will rise by 11,127,782, resulting in a dilution of roughly 5.4% for existing shareholders. The share capital would increase correspondingly, with a projected rise from SEK 9,705,802.00 to SEK 10,262,191.10.

How to Exercise the Warrants

For nominee-registered warrants (Custody account), subscriptions must be made according to the instructions provided by the respective nominee. Investors holding directly registered warrants will not receive any subscription accounts or payment instructions but must follow the application form on the company’s official website.

Upcoming Announcements

The anticipated outcome of the TO4 warrants exercise will be shared in a press release around April 3, 2025. Subscribing shareholders will initially receive interim shares until the official subscription is registered with the Swedish Companies Registration Office.

About Minesto AB

Minesto, recognized for its innovative marine energy technology, is committed to reducing the energy industry's carbon footprint by harnessing ocean power. With over €45 million in funding from influential European sources, including the European Regional Development Fund, Minesto is leading the charge in marine energy within the European Union. Founded in 2007, this forward-thinking company operates across various regions, including Sweden, the Faroe Islands, Wales, and Taiwan. Its listed shares, traded under the ticker MINEST, are available on the Nasdaq First North Growth Market.

To learn more about Minesto and keep updated on its progress, please visit www.minesto.com.

Conclusion

As today's trading deadline approaches, it's imperative for investors holding series TO4 warrants to make informed decisions swiftly. Whether subscribing for new shares or selling their warrants, action must be taken before the clock runs out. This period may mark a pivotal moment for Minesto and its stakeholders in the rapidly evolving landscape of marine energy.