Press release from Companies
Published: 2019-02-07 11:01:27
In accordance with the financial agreement announced by EcoRub through the press release of October 8th, 2018 EHGOSF has requested conversion of twentyfour notes. All notes are then converted.
The first tranche was for 5 million SEK and divided into fifty notes. Twentysix of these notes have earliar been converted. Twentyfour notes will now be converted into shares. All notes connected to the first tranche are then converted. The value of these notes are 2 400 000 SEK. The conversion price for the first trance is 95 % of the lowest closing VWAP of the shares during a period of fifteen trading days before the day of decision which was 2019 02 07. The price of the shares that will be converted is 0,16 SEK. 2 400 000 SEK corresponds to 15 000 000 shares. This will increase the shares from 88 223 843 to 101 223 843 shares and a dilution with 17,0 percent. his information is such that EcoRub AB is required to make public in accordance with the EU’s market abuse regulation (MAR) and the Swedish Securities Market Act. The information was made available public by the Company’s contact person on February 07, 2019 Åke Paulsson CEO +46 70 66 34 174 EcoRub AB (publ):
EcoRub is a cleantech company. The company has a hybrid material TPRR - ThermoPlastic Recycled Rubber- which is patented. We mix thermoplast, rubber powder, copolymera and sometimes organic fibres as wood dust or straw to make a new material - ecological rubber - with unique performance. The properties are amoung other excellent weatherability, stress performance and the material can easily be recycled. The material is used for incjection moulding with equipment used in plastics industry. We can also process the material to sheets and mats.
