In accord with what has previously been communicated, the stock of SolTech Energy Sweden AB (publ), the concern’s application having been approved, is to be listed on First North. The first trading day will be Thursday, June 25, 2015, with SolTech Energy shares trading under the symbol “SOLT”.
“It is with the upmost gladness that I can report that the new issue of SolTech stock in May was 46% over-subscribed. Of the asked for 50 MSEK, the stock issue’s actual subscription proceeds mounted to the equivalent of 73 MSEK. Moreover, as a result this successful issue, the number of individual shareowners now approximates 5,600, and we are now implementing the plan earlier decided upon by the Company’s board of directors: This entails increased investment in marketing and continued development of the Company’s products. One of SolTech’s focus areas will now be to carry out, together with our Chinese partner Advanced Solar Power, the planned investment in the Chinese market. As early as June 30, I will be traveling, together with our board chairman Stefan Ölander, to Hangzhou, China, in order to meet customers and representatives of the local government, as well as conduct a visit to the plant,” says SolTech CEO Frederic Telander in a report.
“In accord with the plan in cited in the prospectus prior to the new share issue distribution, we will now also carry out being listed on First North with the first trading day to take place on Thursday, June 25, 2015,” concludes Frederic Telander.
The company’s Certified Advisor is G&W Fondkommission (Security brokers).
For more information, please contact
Frederic Telander, CEO SolTech Energy
Phone: +46 8 441 8846
SolTech in brief
SolTech Energy develops and sells a solar energy system based on research carried out over several years at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology). The system is a part of a building’s outer shell; specifically, roofs and/or walls formed of glass (panels or flat sheets) that function as both weather protection and sun-catchers for the production of heat, hot water and electricity. The assortment of suitable glass also includes unique fine-film solar cells in black and/or semi-transparent glass – or as isolated glass modules in various sizes and formats that allow for esthetic integration with a building’s outer shell. The wholly owned subsidiary Wasa Rör T Mickelsson AB is also included in the parent concern.
SolTech Energy Sweden AB currently has approximately 5,600 shareholders and its shares are traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com.