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2016-10-28

Ripasso Energy AB: Ripasso Energy AB Initial Public Offering fully subscribed

Subscription for new shares in Ripasso Energy AB (publ) ("Ripasso
Energy") closed October 26, 2016 and the offering was fully
subscribed. The company will issue 5.75mln new shares and will
receive 23MSEK in proceeds from the offering. The number of shares in
Ripasso Energy will be 59,607,500 post-issue. The newly issued shares
constitute 9.6% of all shares. Ripasso Energy has applied for listing
at NGM Nordic MTF and first day of trading is planned for November
28, 2016.

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"It has been a great experience to see the interest from new investors
during our road show. I am very pleased with the large number of
participants in the offering. We now have the financial strength to
deliver hybridized Stirling engines to our first commercial plants on
Sicily the coming year", says Gunnar Larsson, CEO and founder of
Ripasso Energy.

Ripasso Energy has developed a Stirling engine that can be operated
using both solar and a variety of fuel types. The solar hybrid
solution provides what the market wants - the maximum fraction of
renewable energy paired with 100 percent availability. Through a
partnership with Sibbhultsverken AB, Ripasso Energy is able to mass
produce the Stirling engine and bring the costs down to a level that
opens up a large market. We are currently preparing to commence
production of Stirling engines for commercial use.

Legal advisor is Törngren Magnell. Issuing agent and mentor at NGM
Nordic MTF is Eminova.

For further information, please contact Gunnar Larsson, CEO at
ir@ripassoenergy.com or visit www.http://ripassoenergy.com/en/

THIS PRESS RELEASE MAY NOT BE DISCLOSED, PUBLISHED OR DISTRIBUTED,
DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG
KONG, JAPAN, CANADA, SWITZERLAND, SINGAPORE OR SOUTH AFRICA OR IN ANY
OTHER JURISDICTION WHERE THE DISTRIBUTION OF THIS PRESS RELEASE WOULD
BE IN CONFLICT WITH APPLICABLE LAW OR REGULATION.

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http://news.cision.com/ripasso-energy-ab/r/ripasso-energy-ab-initial-pub...
http://mb.cision.com/Main/14881/2110662/581572.pdf

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