2019-11-06 10:49Press release

Cimco Marine AB (publ) has completed directed share issue of SEK 17,2 million


The directed share issue in Cimco Marine AB (publ) (“Cimco”) resolved by the board of directors on 24 October 2019, as authorized by the annual general meeting on 14 May 2019, has been fully subscribed. A total of 11,451,369 shares have been subscribed for by the guarantee consortium that entered into guarantee commitments in connection with the exercise period for the warrants of series 2019:1. Through the directed share issue, Cimco receives approximately SEK 17,2 million.

The new shares were issued at a subscription price of SEK 1.50 per share. The subscription price for the new shares is set out in the guarantee commitments and equals the subscription price according to the warrants of series 2019:1.

When the new shares have been registered with the Swedish Companies Registration Office, the total number of shares in Cimco will be 164,839,521 and the share capital will amount to SEK 4,942,650.17.

For further information on the directed rights issue, please refer to the press release on 24 October 2019.

Redeye AB is financial advisor and Advokatfirman Lindahl KB is legal advisor to Cimco in connection with the directed share issue. Hagberg & Aneborn Fondkommission AB acts as issuing agent.

Certified Adviser
FNCA Sweden AB is Certified Adviser for Cimco Marine AB (publ). Contact details to FNCA Sweden AB: tel. +46 8 528 00 399, e-mail info@fnca.se.

For further information, please contact:
Myron Mahendra, CEO, myron.mahendra@oxe-diesel.com, +46 76 347 59 82
Anders Berg, Chairman, anders.berg@oxe-diesel.com, +46 70 358 91 55

About OXE Marine AB

At OXE Marine we are driven by the ambition to transform the outboard motor; impacting the journey towards a more sustainable and ecologically positive marine environment. We are passionate, knowledgeable, and reliable. Passionate to commit to innovation and excellence, knowledgeable to recruit and retain high-quality personnel, and reliable to commit to supplying safe, durable, and reliable products and services and to openness and fairness with all our stakeholders. OXE Marine believes in a strong collaborative approach between our teams and partners while being daring and persistent in our passion for excellence. OXE Marine was founded in 2012, and is the company behind a patented outboard transmission, enabling the use of high torque diesel engines on outboard systems and in sterndrive solutions.


Paul Frick
Paul Frick