Comment on reported PDMR transaction by BGA Invest

November 11, 2021

Minesto's largest owner, BGA Invest AB, has today reported a sale of shares in Minesto AB to the Swedish financial supervisory authority’s PDMR* transactions register. BGA Invest remains the largest owner, and an active and long-term owner, in Minesto.

BGA Invest AB has reported that the company has sold 1,500,000 shares, corresponding to approximately 4.8 percent of BGA Invest's holding in Minesto. The buyer of the shares is a European financial fund.

After the transaction, BGA Invest remains the largest owner in Minesto with a holding of 29,800,840 shares, which corresponds to approximately 22 percent of the total number of shares and votes.

Bengt Adolfsson, founder and CEO of BGA Invest comments:

“BGA Invest has been an active, strategic and long-term owner in Minesto since 2010 and we will continue to be so. We have followed and supported the company from when it was a small R&D company with small-scale prototypes to today, having a proven product for commercial roll-out together with world-leading partners. The need for additional solutions to enable the energy transition is only getting bigger and bigger and we continue to have great faith in Minesto and the company's opportunities to become a competitive player in the energy market of tomorrow.”

*Persons Discharging Managerial Responsibilities.