Press release – Trading in Climeon’s class B-share on Nasdaq First North Premier commences today


Press release October 13, 2017

Trading in Climeon’s class B-share on Nasdaq First North Premier commences today

Climeon AB (publ) (”Climeon” or the ”Company”), announces that the trading in the Company’s class B-share on Nasdaq First North Premier commences today under the short name “CLIME B” with ISIN SE0009973548. The outcome of the offering to acquire shares in the Company in connection to the listing was announced on October 11, 2017 (the ”Offering”). The Offering attracted extensive interest, both from Swedish and international institutional investors as well as from the general public in Sweden. The Offering was oversubscribed several times. Circa 1,400 new investors have been allocated B-shares in the Offering.

Thomas Öström, CEO, comments:
“I am extremely happy over the extensive interest shown for Climeon in connection with the rights issue, both from institutional investors and from the public. I am also very proud of the management team who, in an extraordinary manner, have contributed to the listing process as well as the other employees who have strongly contributed to the development of Climeon. We would now like to welcome all the new shareholders and look forward to the next phase in Climeon’s development, where we as a listed company will continue to work in order to create value for existing as well as new shareholders.”

Per Olofsson, Chairman of the Board, comments:
“It is with pride I state that Climeon has accelerated the growth rate during 2017 and won several new customer projects at the same time as the Company has passed through a listing process. The employees of the company have in an impressive way tackled new challenges and contributed to our company taking the next step in our development. The significant interest for Climeon in the rights issue provides confirmation of our technology and strategy for growth in the large market that exists for our product. On behalf of the board I would now like to welcome all new shareholders, such as strong institutional investors and the general public in Sweden.”

Pareto Securities acted as Global Coordinator and Sole Bookrunner and Baker McKenzie acted as the legal adviser in connection with the Offering.

Certified Adviser
FNCA Sweden AB is chosen to be Certified Adviser for Climeon.

Stabilization measures
In connection with the Offering, Pareto Securities may carry out transactions in order to support the market price of the Company's shares at a level higher than the level that would otherwise prevail on the market. These stabilization measures may be conducted on Nasdaq First North Premier, the OTC market or in other ways, and may be conducted at any time during the period beginning on the date of publication of the final offering price and ends 30 days thereafter. Under no circumstances will transactions be carried out at a price higher than the offering price. Pareto Securities and its agents are not required to take any of these measures and it can therefore not be guarantee that any stabilization action will be taken. If actions are taken, Pareto Securities or its agents can terminate any of the measures at any time and must be completed by the end of the 30-day period mentioned above. Except for what is required by law or other regulation, Pareto Securities does not intend to disclose the extent of any stabilization measures.

For additional information, please contact:
Thomas Öström, CEO, Climeon
Mob: +46 708 94 96 05

Christoffer Andersson, COO, Climeon
Mob: +46 762 00 72 99

About Climeon AB (publ)
Climeon provides a technology that uses the energy in waste heat from industries and low-temperature geothermal heat to generate electricity. The Company received its first order in 2015 and has since then built up a customer base consisting of Viking Line, Virgin Voyages/Fincantieri, Maersk Line, CP Energy and SSAB, among others. It has now reached a stage where it has proven its technology and its commercial marketability through repeat orders from leading players in a number of industries. The product is protected by patents and offers market-leading performance within its areas of application. Climeon has also built a scalable organisation with a high production capacity and an experienced management team primed for growth.

Climeon’s market and focus segments
Waste heat and geothermal energy (below 120°C) jointly comprise a vast energy source that today is largely untapped due to limitations of existing technologies. Climeon's product is the first heat recovery system to be able to utilise this previously unexploited source of energy on a large scale to produce electricity. The Company has therefore the opportunity to enter in a new market with limited competition. Climeon is currently focusing on four market segments: maritime, steel and cement production, genset (generators) and geothermal energy.

Important information
This announcement is not and does not form a part of any offer for sale or solicitation of securities. This announcement are not being made and may not be released, made public or distributed, directly or indirectly, in the United States, Australia, Canada, New Zealand, Hong Kong, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any offering in the United States or to conduct a public offering of securities in the United States.

Any offering of securities referred to in this announcement will only be made by means of a prospectus. This announcement is not a prospectus for the purposes of Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the “Prospectus Directive”). Investors should not invest in any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus. In any EEA Member State other than Sweden that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State.

This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). This communication must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “will,” “may,” "continue," “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this announcement by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.