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2020-10-15

TC Tech Sweden AB (publ): TC TECH receives 10,6 MSEK from directed share issue

The largest subscribers of shares in the directed share issue are three companies in the Swedish insurance company group Länsförsäkringar, known for their strong focus on commitment and longterm ownership. The remaining shares are subscribed by legal and physical persons who are
expected to become long-term partners of the company. The subscription price has been set to 6.90 SEK per share based on the closing share price on October 12, 2020, which also correlates to the average volym based share price of the five banking days leading up to October 12, 2020.

The share issue constitutes a deviation from the shareholders' preferential rights. The purpose is to secure additional working and development capital for the company from financially strong owners with a long-term engagement in the company.

"The fact that renown owners have chosen to invest in TC TECH is another important validation of our technology and TC TECH's potential," says Peter Mattisson, chairman of the board, in a comment.

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