Pilum’s rights issue over-subscribed

Posted: June 23, 2011

Pilum has, to secure funding of its continuous expansion, completed a rights issue with preference for its shareholders. The rights issue was fully subscribed to and the company will receive 11.9 million kronor before costs of the rights issue. The rights issue was over-subscribed by approximately three million shares.

Through the rights issue the number of shares in the company will increase from 15 400 505 to 84 702 780. Pilum’s share capital will increase by 1 540 050 kronor to 8 470 278 kronor. Receipts will be sent out week 26 and shares are expected to be issued during week 29 when they will be possible to be traded on Nasdaq OMX First North.

For further information
Jan Törner
CEO, Pilum AB (publ)
jan.torner@pilum.se
Tel: +46 (0) 705-37 98 40,
+46 (0) 8-591 124 10

Pilum AB (publ) is listed on First North Premier and Mangold Fondkommission AB (tel. 08-503 015 00) is its Certified Adviser.

Pilum’s concept is to be an energy and environmental company that creates added value to the power-, water treatment- and process industries. Pilum offer bespoke solutions for flue gas- and water treatment and heat recovery for bio- and waste incinerators.
www.pilum.se