The information contained in this section of this website contains information relating to an offer from Nilar International AB (publ) (the “Company“) to the public to subscribe for share in connection with the admission to trading of the Company’s shares on Nasdaq First North Premier Growth Market in Stockholm. This information may not be accessed by residents of certain countries based on applicable securities law regulations.
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This website and the information contained herein is not intended for, and may not be accessed by, or distributed or disseminated to, persons resident or physically present in the United States of America (including its territories and possessions), any state of the United States including the District of Columbia (the “United States“), Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, Switzerland, South Africa, South Korea and do not constitute an offer to sell or the solicitation of an offer to purchase or acquire, any shares in the Company in any of the above mentioned jurisdictions or in any other jurisdiction in which such offer or solicitation would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The shares in the Company referred to on this website have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act“), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act.
All persons residing outside of the above mentioned jurisdictions who wish to access the documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website, or require registration or approval for any acquisition of securities by them. The Company assumes no responsibility if there is a violation of applicable law and regulations by any person.
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Access to electronic versions of these materials is being made available on this website by the Company in good faith and for information purposes only.
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The information contained in this section of the website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part in, into or from the United States of America (including its territories and possessions), any state of the United States including the District of Columbia, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, Switzerland, South Africa, South Korea or any jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.
The shift towards renewable energy sources means more erratic power generation while the ongoing electrification of society in changing the way electricity is consumed, all of which adds on the strain on on an already strained electric power infrastructure [in the distribution stage]. Energy storage allows energy to be used when it is needed and not when it is produced.
Nilar is a Swedish developer and manufacturer of cost-effective, safe and environmentally friendly stationary energy storage systems, known as Electrical Energy Storage (ESS) systems. Energy storage can be used to bridge the gap between energy supply and demand in order to, for example, better make use of the potential of more erratic power generation from renewable energy sources, such as solar energy and wind power. Nilar supplies energy storage solutions for residential, industrial and commercial buildings. In the future, Nilar intends to provide solutions for infrastructure projects such as energy storage for grid support (e.g EV charging). Nilar uses a long-proven nickel-metal hydride (NiMH) chemistry with water-based electrolyte, which generates environmental and safety benefits along with a competitive price point over the life cycle of the systems.
The Company is headquartered in Täby, Sweden, and production is currently carried out exclusively in the high-tech facility in Gävle, where the Company’s research and development also takes place. The Company is currently expanding the capacity of its production facility in Gävle by installing new production lines and improving the efficiency of the lines currently in place. Despite a significant expansion of the production capacity, the Company’s sales growth has been limited by production capacity. In 2019, the Company delivered 202 systems, which grew to 442 in 2020 (excluding warranty deliveries) and the number of delivered systems is expected to grow as production capacity increases.
The Offering to the general public in Sweden
Notification of acquisition of shares can be made during the period 23 April 2021 up to and including 29 April 2021. Applications from the general public for acquisition of shares shall relate to at least 150 shares and at most 14,500 shares, in even positions of 50 shares.
Late applications as well as incomplete or incorrectly filled in applications may be disregarded. No additions or changes may be made to the preprinted text on the application form. Only one application per investor may be made. If multiple notifications are made, Carnegie reserves the right to consider only the first one received. Note that the application is binding.
The Company, in consultation with the Sole Global Coordinator, reserves the right to extend the notification period. Such an extension will be announced in a press release before the end of the application period.
In order to carry out a securities transaction, all legal entities need a global identification code, a so-called Legal Entity Identifier (LEI). In order to be entitled to participate in the Offering and be assigned shares, you as a legal entity must hold and provide your LEI number. Remember to apply for registration of an LEI code in good time as the code must be stated when registering. More information on the requirements regarding LEI can be found, among other things, on Swedish Financial Supervisory Authority’s (Sw. Finansinspektionen) website www.fi.se.
Anyone who wishes to use accounts/custodian accounts with specific rules for securities transactions, such as capital insurance, for acquisition of shares under the Offering must check with the bank or the institution providing the insurance if this is possible.
Notification of acquisition of shares shall be made in accordance with the instructions below [for each bank].
Application via Carnegie
Persons applying for acquisition of shares via Carnegie must have a securities depository or an investment savings account with Carnegie.
For clients with an investment savings account with Carnegie, if the application results in an allotment, Carnegie will acquire the corresponding number of shares in the Offering and resell the shares to the client at the Offering Price. You can apply by contacting the investor’s adviser at Carnegie. If the client does not have an adviser, the investor must contact the Private Banking at Carnegie.
Registration via Nordnet
Persons in Sweden who are custodian customers of Nordnet can register via Nordnet’s website. Notification of acquisition of shares is made via Nordnet’s web service and can be made from and including 23 April 2021 until and including 15.00 on 29 April 2021. In order not to lose the right to any allotment, Nordnet’s customers must have sufficient funds available on the account from and with April 29, 2021 at 15.00 until the settlement date, which is expected to be 4 May 2021. More information on how to become a customer of Nordnet and the registration procedure via Nordnet is available at www.nordnet.se. For customers with an investment savings account (Sw. investeringssparkonto) with Nordnet, Nordnet will, if the notification results in an allotment, acquire the corresponding number of shares in the Offer and resell the shares to the customer at the price applicable in accordance with the Offering.
The Offering to institutional investors
Institutional investors in Sweden and other countries are invited to participate in a tender procedure which begins on 23 April 2021 and runs through 29 April 2021. The Company in consultation with Joint Bookrunners reserves the right to shorten and to extend the application period in the Offering to institutional investors. Notification shall be made to Carnegie and Berenberg in accordance with special instructions.
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FNCA Sweden AB
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