2011-05-06

Decision to suggest new share issuing with subscription rights to the shareholders

The board has decided to call for an extra general meeting June 7, 2011 to suggest an increase of the share capital through new share issuing with subscription rights to the shareholders. Last issuing with subscription time 4-18 April 2011 gave 1.9 Mkr of the 5.1 Mkr asked for. With the suggested share issuing the board intends to receive the rest of the sum of at most 3.2 Mkr to secure the marketing and production operations of the group until a positive cash flow is reached.

The share capital shall be increased with at most 3 200 000 SEK and the number of shares shall be increased with at most 3 200 000 shares of series B with quota value 1,00 SEK. The subscription rate shall be 1,00 SEK. The total sum issued will amount to at most 3.2 MSEK. At full subscription the newly issued shares will represent 25% of the shares and capital.

The shareholders of the company shall have the right to subscribe for 1 new share of series B for four old shares of series B. In case not all shares of series B are subscribed for by subscription right, subscription without subscription right shall be possible within the limit of the highest amount of the new share issue. The record day for settling which shareholders that are entitled to subscription rights shall be June 14, 2011.

Subscription of new shares of series B shall take place from June 20 to July 4, 2011. The board shall have the right to prolong the subscription time. Further information will be given in the memorandum that the company will publish in connection to the new share issuing.

The Board

Chemel AB

Chemel AB, Scheelevägen 19F:2, 223 70 LUND, tel +46-(0)46-286 45 00, fax +46-(0)46-286 45 45,

web www.chemel.com, mail info@chemel.com.

Chairman and contact person: Dr Margareta Krook


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