Cleantech Invest increases its holding in Nocart Oy through

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News Desk 2018

Dec 18, 2014 at 8:45 AM

Cleantech Invest increases its holding in Nocart Oy through a share swap

Cleantech Invest Plc Company release 18 December 2014 at 3.40 pm (EET) Cleantech Invest increases its holding in Nocart Oy through a share swap Cleantech Invest Plc has signed an agreement on the share swap with Vesa Korhonen, Managing Director of Nocart Oy, a portolio company of Cleantech Invest. After the share swap, the holding of Cleantech Invest in Nocart Oy will increase to approx. 15.5%. Concerning the share swap the Board of Directors of Cleantech Invest Plc has decided - pursuant to the authorisation given by the shareholders of the company on 19 March 2014 - to launch a directed share issue, in which a total of 92,307 new class A shares were offered to Vesa Korhonen for subscription at a price of EUR 0.65 per share. The subscription price is equal to the subscription price used in the listing of Cleantech Invest Plc. The subscription price was paid by giving a total of 567 class A shares of Nocart Oy owned by Vesa Korhonen to Cleantech Invest Plc as contribution in kind according to the conditions of the agreement on the share swap. These shares represent approx. 5.0% of all shares in Nocart Oy. The subscription price of the new shares will be recorded in full to the non-restricted equity fund of Cleantech Invest Plc. After the share swap, the holding of Vesa Korhonen in Nocart Oy is approx. 75.0% of all shares. "Among all the portfolio companies of Cleantech Invest Nocart is one of the most rapidly developing and we are very excited to take a bigger role as their shareholder. The business of Nocart has been growing strongly during this year and the company has been able to launch export trade to several countries." "One motive behind the listing of Cleantech Invest was the intention to use the shares of Cleantech Invest as payment in M&As, and the share swap with Nocart Oy is a new opening for Cleantech Invest in that sense", says Lassi Noponen, the Chairman of the Board at Cleantech Invest. The 92,307 new class A shares, which were subscribed in the directed share issue of Cleantech Invest Plc are estimated to be entered in the Trade Register approximately on 29 December 2014. The new shares represent approx. 0.5% of all the shares in the company after their registration and they will give the shareholders' rights as from the date of the registration. The total number of Cleantech Invest Plc's shares after the registration of the new shares is 18,173,707, out of which 5,450,000 shares in class K and 12,723,707 shares in class A. The new class A shares of Cleantech Invest Plc will be subject to trading on the multilateral trading facility First North Finland maintained by NASDAQ OMX Helsinki Ltd. approximately as from 30 December 2014. CLEANTECH INVEST PLC Further information: Lassi Noponen, Chairman of the Board at Cleantech Invest Plc, tel. +358 40 5015127, lassi.noponen@cleantechinvest.com Certified Advisor Access Partners Oy, tel. +358 9 6829 500. Cleantech Invest in brief Cleantech Invest is a Finnish investment and development company founded in 2005 and focusing on clean energy and efficient use of natural resources. The company owns minorities in a diversified portfolio of companies and is actively looking for new capital-light, high-impact businesses within the cleantech universe. Cleantech Invest invests in the most promising early-stage and growth cleantech companies in Finland, Sweden and in the Baltic Sea area. The company management team members are international pioneers in cleantech investing. Cleantech Invest is also a designated Accelerator in the Vigo Program initiated by the Ministry of Employment and the Economy. www.cleantechinvest.com. [HUG#1881669]

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