공시 • Sep 07
Slitevind Applies for Delisting of Shares from Nasdaq First North Growth Market On 1 August 2022, Orrn Energy Holding AB, a wholly-owned subsidiary of Orrn Energy AB (publ), (Orrn Energy or the Company) announced a recommended public offer to the shareholders of Slitevind AB (publ) (Slitevind) to tender all shares in Slitevind for SEK 125 in cash per share (the Offer). On 24 August 2022, Orrn Energy declared the Offer unconditional and extended the acceptance period until 5 September 2022. The Offer has been accepted to such an extent that Orrn Energy will own 96.5% of all shares and votes in Slitevind and the Offer is now closed. Orrn Energy has initiated a compulsory buy-out procedure in order to acquire the remaining shares. Orrn Energy has initiated a compulsory buy-out procedure in accordance with the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)) for the purpose of acquiring the shares in Slitevind that were not tendered in the Offer. Further, at the request of Orrn Energy, Slitevind has applied for delisting of Slitevinds shares from Nasdaq First North Growth Market. 공시 • Aug 25
Orrn Energy in Connection with Compulsory Buy-Out Procedure, Intends to Promote Delisting of the Shares in Slitevind from Nasdaq First North Growth Market On 1 August 2022, Orrn Energy Holding AB, a wholly-owned subsidiary of Orrn Energy AB (publ), (Orrn Energy or the Company) announced a recommended public offer to the shareholders of Slitevind AB (publ) (Slitevind) to tender all shares in Slitevind for SEK 125 in cash per share (the Offer). The initial acceptance period has expired and the Offer has been accepted by shareholders holding 91.0% of the total number of shares and votes in Slitevind. Orrn Energy intends to initiate a compulsory buy-out procedure in respect of the remaining shares in Slitevind in accordance with the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)). In connection with such compulsory buy-out procedure, Orrn Energy intends to promote a delisting of the shares in Slitevind from Nasdaq First North Growth Market. Reported Earnings • May 22
First quarter 2022 earnings released: EPS: kr0.74 (vs kr0.75 in 1Q 2021) First quarter 2022 results: EPS: kr0.74. Revenue: kr40.3m (up 39% from 1Q 2021). Net income: kr4.86m (up 6.5% from 1Q 2021). Profit margin: 12% (down from 16% in 1Q 2021). The decrease in margin was driven by higher expenses. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Björn Carlsson was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr0.72 loss per share (down from kr0.24 loss in FY 2020). Revenue: kr106.4m (up 18% from FY 2020). Net loss: kr4.62m (loss widened 221% from FY 2020). Revenue was in line with analyst estimates. Reported Earnings • Nov 20
Third quarter 2021 earnings released: EPS kr0.17 (vs kr0.80 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr28.1m (up 64% from 3Q 2020). Net income: kr1.09m (up kr5.86m from 3Q 2020). Profit margin: 3.9% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Reported Earnings • Aug 28
Second quarter 2021 earnings released: kr1.19 loss per share (vs kr1.19 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: kr19.0m (up 42% from 2Q 2020). Net loss: kr7.71m (loss widened 9.6% from 2Q 2020). Recent Insider Transactions Derivative • Jun 30
CEO & Director exercised options to buy kr3.8m worth of stock. On the 24th of June, Jonas Dahlström exercised 62.50k options at around kr30.60, then sold 12.00k of them at kr71.00 each and kept the remainder. Since December 2020, Jonas has owned 114.00k shares directly. Company insiders have collectively bought kr1.1m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • May 23
First quarter 2021 earnings released: EPS kr0.75 (vs kr1.37 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr29.6m (down 12% from 1Q 2020). Net income: kr4.56m (down 43% from 1Q 2020). Profit margin: 15% (down from 24% in 1Q 2020). The decrease in margin was driven by lower revenue. 공시 • Mar 21
Slitevind AB (OM:SLITE) completed the acquisition of Rammeldalsberget Wind Farm in Central Sweden from John Laing Investments Ltd. Slitevind AB (OM:SLITE) entered into an agreement to acquire Rammeldalsberget Wind Farm in Central Sweden from John Laing Investments Ltd. for SEK 90 million on March 18, 2021. Slitevind AB shall finance consideration through equity and 60% through bridge financing from Tamt AB. The bridge financing portion will be replaced with long-term bank financing which is estimated to account for about 70% of the investment.
Slitevind AB (OM:SLITE) completed the acquisition of Rammeldalsberget Wind Farm in Central Sweden from John Laing Investments Ltd. on March 19, 2021. For John Laing Group plc, proceeds from the divestment adds to the visibility of the 2021 special dividend, with total proceeds eligible to be included in the 2021 special dividend calculation. 공시 • Mar 20
Slitevind AB (OM:SLITE) entered into an agreement to acquire Rammeldalsberget Wind Farm in Central Sweden from John Laing Investments Ltd. for SEK 90 million. Slitevind AB (OM:SLITE) entered into an agreement to acquire Rammeldalsberget Wind Farm in Central Sweden from John Laing Investments Ltd. for SEK 90 million on March 18, 2021. Slitevind AB shall finance consideration through equity and 60% through bridge financing from Tamt AB. The bridge financing portion will be replaced with long-term bank financing which is estimated to account for about 70% of the investment. Reported Earnings • Feb 27
Full year 2020 earnings released: kr0.29 loss per share (vs kr3.12 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: kr93.0m (down 10% from FY 2019). Net loss: kr1.73m (down 111% from profit in FY 2019). Is New 90 Day High Low • Feb 15
New 90-day high: kr78.00 The company is up 33% from its price of kr58.60 on 17 November 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 32% over the same period. Is New 90 Day High Low • Jan 30
New 90-day high: kr75.00 The company is up 30% from its price of kr57.60 on 30 October 2020. The Swedish market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Renewable Energy industry, which is up 36% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: kr63.80 The company is up 10.0% from its price of kr58.00 on 08 October 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 5.0% over the same period. Reported Earnings • Nov 22
Third quarter 2020 earnings released: kr0.80 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: kr18.5m (down 11% from 3Q 2019). Net loss: kr4.77m (down kr5.74m from profit in 3Q 2019).