Brief: SaltX Partners With SMA Mineral And Carries Out Directed New Share Issue

SaltX Technology Holding AB (publ)

29/06/2022 07:04

June 29 (Reuters) - SaltX Technology Holding AB  SALTb.ST :
    * SALTX PARTNERS WITH SMA MINERAL TO ACCELERATE THE
TRANSITION
INTO PRODUCTION OF "GREEN LIME" AND CARRIES OUT A DIRECTED NEW
SHARE ISSUE OF SEK 73 MILLION
    * INITIATES A COMMERCIAL COLLABORATION AND CARRIES OUT A
DIRECTED
ISSUE OF APPROXIMATELY SEK 73 MILLION TO INDUSTRIAL PARTNER SMA
MINERAL AB
    * AIMS TO ACCELERATE GREEN TRANSITION IN LIME AND CEMENT
INDUSTRY
WITH ITS NEW INNOVATION - ELECTRIC ARC CALCINER
    * AS PART OF COLLABORATION, SMA IS ALSO SUBSCRIBING FOR NEW
SHARES
IN SALTX EQUIVALENT TO 15 PERCENT OWNERSHIP THROUGH A DIRECTED
NEW SHARE ISSUE, AT A PRICE OF SEK 4.00 PER SHARE, WHICH
CONTRIBUTES APPROXIMATELY SEK 73 MILLION TO SALTX
    * SALTX TECHNOLOGY HOLDING AB - E INVESTMENT IS INTENDED TO
BE
USED PRIMARILY TO ACCELERATE DEVELOPMENT AND COMMERCIALIZATION
OF ELECTRICAL CALCINATION TECHNOLOGY ACCORDING TO PURPOSE OF
COLLABORATION

Source text for Eikon:  ID:nWkrc90355 
Further company coverage:  SALTb.ST 

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