The Swedish energy company Climeon AB (publ) has resolved to carry out a directed new share issue of 3,000,000 Class B shares to institutional investors in the Nordics, Germany, UK and USA.

Through the directed new share issue, Climeon will receive proceeds amounting to SEK 249 million.

Climeon intends to use the net proceeds from the share issue to - amongst other things – accelerate the company’s business plan through market establishment in chosen focus markets and to accelerate product development.

Pareto Securities AB is acting Sole Manager and Bookrunner and Baker & McKenzie Advokatbyrå KB is legal adviser in connection with the directed new share issue. Baker McKenzie’s team mainly consists of Joakim Falkner, Johanna Flink, Ian Gulam and Olof Larsson.

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