#Sweden #Gothenburg #Minesto #Rights Issue #Marine Energy

Final Trading Day for Subscription Rights in Minesto's Share Issue

On October 21, 2025, trading in subscription rights related to Minesto AB's latest rights issue comes to a close. This initiative, which was announced by the company's Board on September 16, 2025, and later approved at an Extraordinary General Meeting on October 3, 2025, has attracted significant attention in the energy sector.

Overview of the Rights Issue

The rights issue permits Minesto to issue up to 82,364,595 shares, procuring approximately SEK 152.4 million prior to issue costs. Shareholders registered on the record date of October 8, 2025, have received two subscription rights per existing share, with every five subscription rights providing the ability to subscribe for one additional share at a price of SEK 1.85 per share.

The subscription period commenced on October 10, 2025, and has been extended until October 24, 2025. Any rights not utilized for subscription or sold will expire, leading punctual shareholders to take advantage of this opportunity.

Financial Commitment and Support

Minesto has secured guarantee commitments that account for SEK 99 million, approximately 65% of the rights issue. Notably, members of the Board and senior management, including CEO Martin Edlund, have expressed a non-binding intention to subscribe for their shares, marking a total contribution of SEK 0.2 million from insiders, equating to 0.1% of the issue.

In a move to assure investor confidence, the Board has also instituted lock-up agreements, preventing the sale of shares for 180 days following the announcement of the rights issue, thereby reinforcing their commitment to shareholder interests and long-term growth.

Important Timelines

• - Trading in subscription rights: October 10 - 21, 2025
• - Subscription window: October 10 - 24, 2025
• - Trading in paid subscribed shares (BTA): October 10 - November 12, 2025
• - Expected preliminary outcome announcement: October 28, 2025

A Vision for Renewable Energy

Minesto is recognized for pioneering marine energy technologies aimed at reducing the global carbon footprint of energy production. Their flagship product is an innovative marine power plant capable of operating efficiently even in low-flow tidal streams and ocean currents. Since its inception in 2007, the company's operational community spans across Sweden, the Faroe Islands, Wales, and Taiwan, attracting investment from influential shareholders including BGA Invest and Corespring New Technology.

The company’s shares, listed as MINEST, have been actively traded on the Nasdaq First North Growth Market, showcasing the growing interest in sustainable energy solutions. The company's financial reports and comprehensive materials about the rights issue can be accessed via their website.

Additional Information

For any queries regarding the rights issue, stakeholders can contact:

• - Martin Edlund, CEO
• - Email: [email protected]
• - Cecilia Sernhage, Chief Communications Officer
• - Phone: +46 735 23 71 58

Minesto is at the forefront of renewable energy innovation, and as this rights issue concludes, investors and stakeholders alike are optimistic about the company's future in making impactful strides towards a greener tomorrow.

Disclaimer

This announcement may be subject to legal restrictions and is intended solely for specific jurisdictions. It does not represent an offer or solicitation to sell any securities in regions where such activities are restricted.