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PowerCell: PowerCell TO1 warrant program completed - PowerCell raises 68.7 million SEK


The exercise period of PowerCells warrant program TO1 ended on December 30.
A total of 7.135.480 shares was subscribed by exercising TO1 warrants. This
represents a subscription rate of 99.1 percent.

"I'm proud to announce that the subscription rate was 99 percent of the
outstanding warrants. PowerCell Sweden AB raised important funding of
totally 68.7 million SEK, funds that will mainly be used to continue the
industrialization of the PowerPac and commercialization of PowerCell's fuel
cell stacks", said CEO Per Wassén.

When the 7.135.480 newly issued shares are registered, there will be a
total of 42.833.872 outstanding shares in PowerCell Sweden AB (publ). The
quota value per share is SEK 0.022, which corresponds to a registered share
capital after the warrant program of 942.345.184 SEK.

The new shares are delivered to the subscriber's account as interim shares
(P CELL IA). Next, they will be admitted to trading on First North as soon
as the issue has been registered with Bolagsverket and Euroclear, which is
expected in mid-January, 2016.

G&W Fondkommission AB has acted as financial advisor to PowerCell Sweden AB
in connection with the issue and exercise of the warrant program.

Gothenburg, Sweden, January 12, 2016

For further information please contact:
Per Wassén
CEO, PowerCell Sweden AB (publ)
Phone: +46 76 553 37 71

The following documents can be retrieved from beQuoted
PowerCell Pressrelease 2016-01-12 English.pdf

About PowerCell Sweden AB (publ)
PowerCell Sweden AB (publ) is the leading fuel cell company in the Nordics,
which develops and produces environmentally friendly power systems for
stationary and mobile customer applications.

PowerCell has developed a modular system of fuel cell platforms, powered by
clean environmentally friendly produced hydrogen where only electricity,
heat and water are emissions. The fuel cells are also designed to handle
the reformed hydrogen from e.g. biogas, natural gas, biodiesel or standard

In case hydrogen infrastructure is missing, PowerCell has combined its
leading fuel cell and reformer technology and developed a fuel cell system,
PowerPac, which converts standard diesel, with hydrogen, into electricity.
This is done in an energy-efficient and environmentally friendly way, in
which emissions of carbon monoxide, nitrogen oxides and particles are
completely eliminated and the carbon dioxide is greatly reduced compared
with a conventional diesel engine. PowerCell Sweden AB (publ) is listed on
First North at Nasdaq Stockholm and is an industrial spinout from the Volvo
Group. Among the largest owners are Midroc New Technology,
Fouriertransform, Finindus and Volvo Group Venture Capital. For additional
information, please visit:

Författare BEQ

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