Brief: Metacon To Invest SEK 6 Million In Water2H2

Metacon AB (publ)

13/01/2021 12:47

Jan 13 (Reuters) - Metacon AB (publ)  METAC.NGM :
    * METACON IS EXPANDING INTO IN THE MARKET FOR ELECTROLYSIS
AND
STRENGTHENING ITS SALES ORGANIZATION
    * METACON IS EXPANDING INTO IN THE MARKET FOR ELECTROLYSIS
AND
STRENGTHENING ITS SALES ORGANIZATION
    * BY MAKING AN INVESTMENT IN WATER2H2 AB; A SWEDISH COMPANY
SPECIALIZED ON DESIGN AND DELIVERY OF ELECTROLYSIS PLANTS.
    * DECIDED TO INVEST SEK 6 MILLION THROUGH A DIRECTED NEW
SHARE
ISSUE IN WATER2H2 AB
    * WILL INITIALLY OWN 20 PERCENT OF WATER2H2, AND HAS A
NON-BINDING
OPTION TO ACQUIRE ALL SHARES IN COMPANY WITHIN TWELVE MONTHS
    * PURCHASE OF REMAINING SHARES WILL BE BASED ON A PRICE
LINKED TO
SALES TARGETS OF WATER2H2, HOWEVER, WITH A TOTAL PRICE NOT
EXCEEDING SEK 59 MILLION
    * PAYMENT WILL BE MADE BY WAY OF NEW ISSUANCE OF SHARES IN
METACON.

Source text for Eikon:  ID:nWkr3Y2dFc 
Further company coverage:  METAC.NGM 

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