THIS PRESS RELEASE MAY NOT BE ANNOUNCED, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION IN WHICH THE ANNOUNCEMENT, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL. SEE "IMPORTANT INFORMATION" AT THE END OF THIS PRESS RELEASE. The Board of Directors of Sustainable Energy Solutions Sweden Holding AB ("SENS" or the "Company") has today made a strategic decision to carry out a new issue of shares with preferential rights for existing shareholders of approximately SEK 70.5 million (the "Rights Issue") in order to strengthen the Company's balance sheet. The Company has agreed with holders of convertible debentures (the "Convertible Debenture Holders") issued by the Company during 2024, which are due for repayment, as well as other creditors (the "Lenders") to enter into subscription and guarantee commitments totalling approximately SEK 69 million in the Rights Issue. The Rights Issue is intended to be carried out at a price corresponding to SEK 0.005 per share and will thus also require a resolution on reduction of the share capital and required amendments to the Articles of Association. The Rights Issue is thus subject to approval by an Extraordinary General Meeting.
The Board of Directors of SENS has today decided to propose that an Extraordinary General Meeting resolves on the Rights Issue, in order to settle the Company's debts and finance the Company's operations during 2026. In 2024, the company issued convertible bonds that fell due and took out loans to finance the business in a shorter perspective. In order to improve the financial position for 2026, the Board of Directors, together with the Convertible Debenture Holders and the Lenders, has agreed and made the assessment that a rights issue is an appropriate approach to achieve this purpose.
The Convertible Holders, the Lenders and the Company have agreed that the Convertible Holders and the Lenders shall subscribe for shares, in accordance with the subscription or guarantee undertakings to be entered into, in the Rights Issue corresponding to their debt plus accrued interest, whereby payment of the shares shall be made by set-off of the claim. This means that the issue is intended to be secured to approximately 98 percent. The dilution for the existing shareholders who do not choose to participate in the planned Rights Issue is estimated to be approximately 98 percent.
To the extent that the Convertible Holders and the Lenders are not allotted shares corresponding to the full loan amount plus interest as a result of subscription with preferential rights, the Company will use the proceeds from the issue to repay the corresponding part of the loans in cash. The combined receivables of the convertible debentures and the Lenders amount to approximately SEK 69 million.
The Board of Directors is currently investigating the conditions for the implementation of the Rights Issue and will return with more detailed information about the structure and terms of the Rights Issue when the conditions have been clarified and a formal decision has been made. Notice of the Extraordinary General Meeting and further information about the Rights Issue will be announced through separate press releases.
For further information, please contact:
Anders Björkenbo, CEO; Phone: +46 735 00 00 63
This disclosure contains information that Sustainable Energy Solutions Sweden Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person set out above, 19 january 2026 at 5pm
About SENS
Sustainable Energy Solutions Sweden Holding AB (publ), SENS, provides solutions that enable the transition towards a fossil-free and CO2 neutral energy supply both locally and internationally. SENS develops, builds and sells large-scale projects in solar and wind power and energy storage. The company also conducts consulting activities for energy companies and property owners in sustainable energy systems. The company is also active in technology development linked to renewable energy sources and energy storage. The company is listed on NGM Nordic SME under the ticker SENS.
Important information
The publication, publication or distribution of this press release may be subject to restrictions by law in certain jurisdictions and persons in the jurisdictions in which this press release has been published or distributed should inform themselves of and comply with such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with applicable regulations in their respective jurisdictions. The information in this press release does not contain or constitute an offer to acquire, subscribe for or otherwise trade in shares, subscription rights or other securities in SENS.
This press release does not constitute a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (together with related delegated and implementing regulations, the "Prospectus Regulation").
This press release or the information contained in this press release may not be announced, published or distributed, in whole or in part, directly or indirectly, in or into Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Singapore, South Africa, South Korea, Switzerland or the United States of America or any other jurisdiction where such action is wholly or partly subject to legal restrictions or where such action would require additional prospectuses; registrations or other measures in addition to what is required by Swedish law. The information in this press release may also not be forwarded, reproduced or published in a manner that would contravene such restrictions or would entail such requirements. Actions in violation of this instruction may constitute a violation of applicable securities legislation.
Forward-Looking Statements
This press release contains certain forward-looking statements that are based on uncertainty because they relate to events and depend on circumstances that will occur in the future and which, by their nature, could have an impact on the results and financial condition of SENS. Such forward-looking statements reflect SENS' current expectations and are based on the information currently available. SENS cannot give any assurance that such forward-looking statements will prove to be accurate. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
