Published: 2019-07-18 08:00:00 CEST
Trading in Eco Wave Power’s share commences today on Nasdaq First North Stockholm
EWPG Holding AB (publ) (“Eco Wave Power” of the “Company”) today announces the
start of trading of the Company’s share on Nasdaq First North Stockholm. The
offering attracted interest from institutional investors AP4 and Skandia Fonder
as well as the general public and allows Eco Wave Power to execute on its plan
to commercialize wave power.
Prior to listing, Eco Wave Power completed a new share issue corresponding to
approximately SEK 121.8 million. The proceeds will predominately be used for
building Eco Wave Power’s first commercial wave farm, which will be a huge step
towards the commercialization of wave energy and positioning it as an integral
part of the world’s renewable energy mix. In addition, the funds will be used
for expanding Eco Wave Power’s project pipeline, bringing more projects into the
ready-to-build phase and for increasing sales and marketing activities.

“We are committed to contribute in the fight against climate change and the
listing of Eco Wave Power will strengthen the Company's market position and
assist us in reaching our ambitious plans,” said Inna Braverman, CEO of Eco Wave
Power. “We look forward to taking Eco Wave Power to the next level.”

The issue in brief
Issued amount: SEK 121,791,786
Number of issued shares: 6,410,094
Issue price: SEK 19.00 per share
Short name: EWP
ISIN: SE0012569663
After the new share issue there are 35,249,344 shares in Eco Wave Power.

Advisors
Naventus Corporate Finance AB was the financial adviser in connection with the
listing and new share issue. Avanza Bank AB and Nordnet Bank AB have been
selling agents. Aktieinvest FK AB is the issuing agent.

FNCA Sweden AB, +46(0)8-528 00 399, info@fnca.se, is the company’s Certified
Adviser.

For more information:
Inna Braverman, CEO
inna@ecowavepower.com
+972 350 940 17

Andreas Kihlblom, CFO
andreas@ecowavepower.com
+46 (0)8 420 026 94

About Eco Wave Power
Eco Wave Power has developed a patented, smart and cost-efficient technology for
turning ocean and sea waves into green electricity. Eco Wave Power is the only
wave energy company in the world, to own and operate a wave energy array, which
is connected to the grid in accordance with a Power Purchase Agreement, PPA. Eco
Wave Power is a Swedish company, founded in Tel Aviv, Israel, in 2011

Important information
This document has not been approved by any regulatory authority. The document is
a press release and not a prospectus and investors shall not subscribe or
purchase securities referred to in this document except on the basis of the
information contained in the prospectus approved by the Swedish Financial
Supervisory Authority (Sw: Finansinspektionen) and made available on the
Company's website. Distribution of this press release may in certain
jurisdictions be subject to restrictions by law and persons who have access to
this, or part of this, are required to inform themselves of, and comply with,
such legal restrictions. Information in this press release shall not constitute
an offer to sell shares, or a solicitation of any offer to purchase shares, nor
shall there be any sale of the securities referred to herein, in any
jurisdiction where such offer, solicitation of any offer to purchase, or sale
would require preparing an additional prospectus or other offering documents or
would not be lawful without registration or applicable exemption from
registration under the securities laws of such jurisdiction. This press release
does not constitute, or is part of, an offer or a solicitation of an offer to
purchase or subscribe for securities in the United States. Securities referred
to herein have not and will not be registered in accordance with the US
Securities Act of 1933 (Securities Act) and may not be offered or sold within
the United States without registration in accordance with the Securities Act, or
an exemption therefrom. Securities referred to herein are not offered to the
general public in the United States. Copies of this press release are not made
and may not be distributed or sent, in whole or in part, directly or indirectly,
to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore,
South Africa or the United States or to any other jurisdiction where the
distribution or issuance of this press release would be unlawful.


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