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Disclaimer

The information contained in this section of Azelio’s website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States, Australia, Hong Kong, Japan, Canada, New Zealand or any jurisdiction in which such release, publication or distribution would be unlawful or would require registration or other measures besides those required under Swedish law.

The information contained in this section of Azelio AB’s website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part in, into or from the United States (including its territories and possessions, any state of the United States and the District of Columbia), Australia, Canada, Hong Kong, Japan, New Zeeland or any jurisdiction where to do so might be unlawful or would require registration or other measures besides those required under Swedish law.
We apologise for any inconvenience this may cause.

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The information contained in this section of Azelio AB’s website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part in, into or from the United States (including its territories and possessions, any state of the United States and the District of Columbia), Australia, Canada, Hong Kong, Japan, New Zeeland or any jurisdiction where to do so might be unlawful or would require registration or other measures besides those required under Swedish law.
We apologise for any inconvenience this may cause.

Click here to return to the homepage.

Important information

Due to legal restrictions, the information on this part of the website is not directed at or accessible to certain persons. We kindly ask you to review the following information and provide the following confirmation each time you wish to access this part of the website. Please note that the terms set out below may be altered or updated and therefore it is important that you review them each time you visit this website. Your confirmation must be true and accurate.

The information contained in this section of Azelio AB’s (the "Company") website is not intended for, and must not be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to persons resident or physically present in the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the "United States"), Australia, Canada, Hong Kong, Japan, New Zeeland or any jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction, and does not constitute an offer to sell or the solicitation of an offer to buy or acquire, any subscription rights, paid subscribed shares, shares or other securities of the Company in the United States, Australia, Canada, Hong Kong, Japan, New Zeeland or any jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.

Any securities of the Company referred to on this website (the "Securities") have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and not be offered or sold to investors in the United States. The Securities have also not been and will also not be registered under the applicable securities laws of Australia, Canada, Hong Kong, Japan or New Zeeland and, subject to certain exemptions, may not be offered or sold in or into or for the account or benefit of any person having a registered address in, or located or resident in, Australia, Canada, Hong Kong, Japan or New Zeeland. There will be no public offer of the Securities in the United States, Australia, Canada, Hong Kong, Japan or New Zeeland.

This information and offering are only addressed to and directed at persons in member states of the European Economic Area (the “EEA”) and the United Kingdom, who are “Qualified Investors” within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the “Prospectus Regulation”). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with Qualified Investors. This information should not be acted upon or relied upon in any member state of the EEA or the United Kingdom by persons who are not Qualified Investors.

The information contained in this section of the Company’s website is only being distributed to and is only directed at (i) persons who are outside the United Kingdom; (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “relevant persons”). The Securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on the information contained in this section of the Company’s website.

Access to the information and documents contained on the following websites may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. All persons residing outside of Sweden who wish to have access to the documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website or require registration or approval for any acquisition of Securities by them. No such registration or approval has been obtained outside Sweden. The Company assumes no responsibility if there is a violation of applicable law and regulations by any person.

I therefore certify that:

  1. I am (i) resident and physically present outside the United Kingdom, the United States, Australia, Canada, Hong Kong, Japan, New Zeeland or any jurisdiction where access to this part of the website or such release, publication or distribution, directly or indirectly, in whole or in part, would be unlawful or would require registration or other measures besides those required under Swedish law or (ii) a Qualified Investor within the EEA or a Qualified Investor and a Relevant Person in the United Kingdom;

  2. I am resident and physically present (a) in Sweden or (b) outside Sweden and each of the jurisdictions referred to in clause (1) above and, in that case, I am authorized to access the information and documents on this website without being subject to any legal restriction and without any further action required by the Company; and

  3. I am authorised to access the information contained in this section of the Company’s website without being subject to any legal restriction and without any further action required by the Company.

 

I have read, understand and agree to comply with all of the restrictions set forth above.

 

The information contained in this section of Azelio AB’s website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part in, into or from the United States (including its territories and possessions, any state of the United States and the District of Columbia), Australia, Canada, Hong Kong, Japan, New Zeeland or any jurisdiction where to do so might be unlawful or would require registration or other measures besides those required under Swedish law. We apologise for any inconvenience this may cause.
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Azelio has completed a directed share issue of SEK 270 million

The Board of Directors of Azelio AB (publ) (“Azelio” or the “Company”) has, based on the authorization given by the annual general meeting on 14 May 2020, resolved on a directed issue of 12,300,000 new shares, corresponding to approximately 13 percent of the total number of outstanding shares in the Company, at a subscription price of SEK 22 per share (the “Share Issue”). Through the Share Issue, the Company raises SEK 270,600,000 before transaction costs. The subscription price in the Share Issue has been determined through a so called accelerated bookbuilding procedure and corresponds to a discount of approximately 9 percent compared to the closing price as of 8 September 2020 on Nasdaq First North Growth Market. Several new Swedish and international institutional investors, as well as certain existing shareholders subscribed in the Share Issue.

The purpose of the Share Issue is to finance the Company’s ongoing operations and the continued industrialization of Azelio’s Thermal Energy Storage (TES) and Stirling-based electricity production technology, with the objective of reaching industrial volume production in 2021. The proceeds from the Share Issue, together with existing cash, are expected to be sufficient to fund the Company’s business plan into the third quarter of 2021. The Board of Directors of Azelio has resolved to deviate from the shareholders’ pre-emption rights to ensure the most time and cost-effective financing of its continued industrialization.

“The share issue provides Azelio with financing and ownership that paves the way for both the company and the green transition we want to participate in. We are now aiming to deliver our first verification report and commercial projects in order to take the company to the next level,” says Azelio’s CEO Jonas Eklind.

The Share Issue entails a dilution of approximately 12 percent of the share capital in relation to the number of shares in Azelio after the Share Issue, through an increase in the number of outstanding shares by 12,300,000, from 91,752,900 to 104,052,900, and a share capital increase by SEK 6,150,000, from SEK 45,876,451 to SEK 52,026,452.


Members of the board and the management team have entered into lock-up agreements to, subject to certain exceptions, not sell shares in Azelio for a period of 90 calendar days after the settlement date. Furthermore, the Company has agreed, with certain exceptions, not to carry out any additional future share issuances for a period of 180 calendar days after the settlement date.


Advisers

Carnegie Investment Bank AB (publ), Pareto Securities AB and Bryan, Garnier & Co act as Joint Bookrunners, and Advokatfirman Vinge is legal adviser, in connection with the Share Issue.


For further information, please contact
Jonas Eklind – CEO
Email: jonas.eklind@azelio.com
Tel: +46 709 40 35 80


This is information that Azelio AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 23:59 CEST on 8 September 2020.

About Azelio
Azelio is a public Swedish company specialising in thermal energy storage with dispatchable and low-cost Stirling-based electricity and heat production. The technology is revolutionary for its unique capability to produce electricity and heat from the storage at 13 hours on nominal power. The system stores energy in recycled aluminium and has a total efficiency of up to 90 % from energy to heat and electricity. It is scalable and cost-efficient from 0.1 MW up to 100 MW and the storage suffers no reduced capacity over time. Azelio has over 150 employees, is headquartered in Gothenburg with production facilities in Uddevalla, development centres in Gothenburg and Åmål, as well as a presence in Stockholm, Beijing, Madrid, and Morocco. Since its establishment in 2008, the Company has invested over SEK 1.5 billion in technical development.
Azelio is listed on Nasdaq First North Growth Market. FNCA Sweden AB is the Company’s certified adviser: +46(0)8-528 00 399, info@fnca.se. More about Azelio: : www.azelio.com  

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