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News May 14, 2020

Exeger makes directed share issue of SEK 100 million

Exeger Sweden AB (publ) (“The Company”) has made a directed share issue of 653,594 shares at subscription price SEK 153 per share, corresponding to SEK 100 million, to the Stena group’s investment company Stena Sessan AB. In conjunction with the issue of these new shares, Stena Sessan AB has also purchased 459,260 shares from registered insiders in the Company. This allows Exeger to continue with its massive investment in Powerfoyle, a solar cell technology that can be integrated with various products and materials to generate greatly improved battery life in outdoor as well as indoor environments.

With this transaction, the number of shares in the Company increases to 42,458,658 and Stena Sessan AB’s ownership to 1,112,854 shares or 2.62%.

– “We are extremely proud to welcome Stena Sessan as a shareholder. Stena Sessan is a competent and professional investor, which was evident in the process that preceded the investment, ”says Giovanni Fili. “ They have been able to look ahead despite the turbulent time we’re all living through and invest in everyone’s future. This is both impressive and forward thinking. We believe that Stena will contribute expertise as well as financial muscle, making Exeger even more well-equipped for the future. With this investment, Exeger is financed for several years regardless of revenue, something that instills tremendous security and confidence in both our staff and our customers”, continues Giovanni Fili, founder and CEO of Exeger.

– We are proud to be long-term shareholders at Exeger, a company with proven technology, strong management and large international customers. Powerfoyle will make life easier, better and more sustainable for many people. It is Stena’s strategy to support Swedish industrial innovations that focus on sustainability and also have global potential. Exeger fits perfectly with these criteria, says Karl Swartling, CEO of Stena Sessan.

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Published May 14, 2020