Main shareholders in PowerCell Sweden to exercise warrants

Today the exercise period begins for the PCELL TO1 warrants issued in connection with the rights issue in November 2014. The four main shareholders have announced that they will exercise their held warrants (TO1) for the subscription of new shares.

The four main shareholders have announced that they will exercise their held warrants (TO1) for the subscription of new shares given a share price above SEK 9.63. Trading in warrants runs on First North until Monday, December 28, 2015.

Warrants that are not exercised will expire and become worthless
To prevent warrants to expire and become worthless shareholder must either exercise their warrants no later than 30 December 2015 (note that the trustee may have an earlier deadline for answering) or sell them through First North by 28 December 2015.

The exercise of warrants, directly registered shareholders
Directly registered holders of PCELL TO1 shall notify the exercise of stock options by completing and submitting a special application form to the issuing agent Aktieinvest FK. The application form must be at Aktieinvest FK not later than 30 December 2015. Please note that payment for the new shares shall be provided at Aktieinvest FK not later than 30 December 2015 in accordance with the instructions on the form.

The exercise of warrants, nominee shareholders
Nominee-registered shareholders of the warrants (ie, for example, if the holdings are in a custody account with a bank or stockbroker) shall notify the exercise of warrants by contacting their broker and follow the brokers's instructions regarding the application for subscription and payment. Note that brokers can have a final response date which occurs about a week before the registration deadline, ie on or around 23 December 2015.

Delivery of new shares
The new shares will be delivered to the subscriber's account as interim shares (PCELL 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.

TO1, conditions in brief: 

  • Two (2) PCELL TO1 entitles the holder to subscribe for one (1) newly issued share in PowerCell Sweden AB. 
  • The subscription period for exercise starts December 1 and ends on 30 December 2015. Last trading day with TO1 will be on 28 December 2015. 
  • The price of issue for exercise of warrants is 9.63 SEK per share.

The full terms of PCELL TO1
The full terms of PCELL TO 1 can be downloaded at

Instructions for the exercise of warrants and the subscription form is available on All holders of TO1 by December 1, 2015, will also obtain the application form and a letter from the CEO by mail, sent to the address registered in the shareholders' register.

Gothenburg, Sweden, December 1, 2015

Contact details for any questions:

PowerCell Sweden AB
Phone: 031-720 36 20
E-mail: [email protected]

Aktieinvest FK
Phone: 08-5065 1795
E-mail: [email protected]

For additional information please contact:

Per Wassén
CEO, PowerCell Sweden AB (publ)
Phone: +46 76 553 37 71
Email: [email protected]

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 diesel.

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:

The distribution of the information in this press release and the execution of the warrants described herein, may be restricted by law in certain jurisdictions. This material may not be distributed to countries where such distribution requires additional measures, such as the preparation of a prospectus, or is contrary to the rules and regulations in such country. No actions have been, or will be taken, in any jurisdiction by the Issuer, nor any of their respective Representatives, that would permit an offering of the Shares, or the possession or distribution of any documents relating thereto, or any amendment or supplement thereto, in any country or jurisdiction where specific action(s) for such purpose is required.

Accordingly, this Information may not be used for the purpose of, and does not constitute, an offer to sell, or a solicitation of an offer to buy or apply for, any securities in any jurisdiction in any circumstance in which such offer or solicitation is not lawful or authorised. In particular, this Information may not be distributed in, or to any person resident in, Canada, Australia, Japan or the United States (or to any U.S. person) or any other jurisdiction where it is unlawful to do so. Failure to comply with these restrictions may constitute a violation of applicable securities legislation. Persons into whose possession this Information may come are required by the Issuer to inform themselves about, and to observe, such restrictions. The Issuer shall not be responsible or liable for any violation of such restrictions by potential investors.

Om PowerCell

PowerCell Sweden AB (publ) är Nordens ledande bränslecellsbolag, som utvecklar och producerar miljövänliga elkraftsystem för stationära och mobila kundapplikationer. 

Industrivaror och -tjänster


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Marknad Stockholmsbörsen Kortnamn PCELL ISIN-kod SE0006425815 G&W Fondkommission