ABGSC acted as sole bookrunner in the SEK 161m placement in Ecoclime

On Wednesday 24 February, Ecoclime announced the successful completion of a directed issue of c. 12 million common shares at a price of SEK 12.70 per share, raising proceeds of SEK 152m. The share issue consisted of two tranches, whereof the second tranche is dependent on an EGM. In connection to the directed issue, a sell-down of 700,000 shares was undertaken by the majority shareholders. The share issue received very strong interest from high-quality investors and was subscribed by several Nordic and international institutional investors including Carnegie Fonder, Cliens Kapitalförvaltning and Nordic Cross. Ecoclime intends to use the proceeds from the share issue to accelerate expansion in the European market and continued investments in solutions and services to take advantage of the attractive market opportunities.