Business
The Board of Directors has resolved to allow payment through set-off in the company's rights issue
The Board of Directors of Minesto AB (publ) ("Minesto" or the "Company") has resolved to allow Fenja Capital to pay part of its subscription payment in the Company's rights issue of shares, which was announced on 16 September 2025, (the "Rights Issue") through set-off. Minesto announced on 18 June 2025 that the Company had raised a loan financing of SEK 22 million from Fenja Capital. The set-off is made by Fenja Capital setting off its outstanding loan claims, including accrued interest, totalin
About this update from Minesto Ab
[{"type":"text","content":"THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, RUSSIA, BELARUS, OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL OR DEMAND ADDITIONAL REGISTRATION OR OTHER MEASURES. PLEASE REFER TO "IMPORTANT INFORMATION" IN THE END OF THIS PRESS RELEASE.","length":474,"tagName":"p"},{"type":"text","content":"GOTHENBURG, Sweden, Nov. 3, 2025 /PRNewswire/ -- The Board of Directors of Minesto AB (publ) ("Minesto" or the "Company") has resolved to allow Fenja Capital to pay part of its subscription payment in the Company's rights issue of shares, which was announced on 16 September 2025, (the "Rights Issue") through set-off. Minesto announced on 18 June 2025 that the Company had raised a loan financing of SEK 22 million from Fenja Capital. The set-off is made by Fenja Capital setting off its outstanding loan claims, including accrued interest, totaling approximately SEK 22.2 million as payment for allocated and subscribed shares in the Rights Issue.","length":688,"tagName":"p"},{"type":"text","content":"Minesto announced on 18 June 2025 that the Company had raised a loan financing of SEK 22 million from Fenja Capital (the "Loan"). According to the loan terms, the Loan should have been repaid in full no later than 30 December 2025.","length":241,"tagName":"p"},{"type":"text","content":"The Board of Directors of Minesto has resolved to allow Fenja Capital to set off its outstanding loan claims, including accrued interest, totaling approximately SEK 22.2 million as payment for part of the shares that Fenja Capital has been allocated and subscribed for in the Rights Issue. The Board assesses that the resolution to allow set-off is appropriate and that it is in the interest of both the Company and its shareholders to reduce the Company's indebtedness in a time- and cost-efficient manner.","length":511,"tagName":"p"},{"type":"text","content":"Advisers","length":8,"tagName":"p"},{"type":"text","content":"Vator Securities AB is financial advisor and issuing agency, and MAQS Advokatbyrå is legal adviser to the Company in connection with the Rights Issue.","length":150,"tagN...