Opcon has completed the directed share issue for Hong Kong Snowman Technology Ltd. that was decided on in February 2014. The rights issue that was carried out by the board, authorized by the annual general meeting of shareholders, amounted to 30 000 000 new shares at 0,57 SEK/share. The share issue brought 17,1 m SEK to Opcon. The total number of issued shares in Opcon Aktiebolag (publ) now amounts to 374.414.145. The energy and environmental technology Group Opcon has completed the directed share issue of the 30 m shares at 0,57 SEK/share to Hong Kong Snowman Technology Ltd. The shares have been registered by the Swedish Company Registration Office and has today been transferred to Snowman. The rights issue has brought Opcon 17,1 m SEK in cash. Ever since the summer 2011, Opcon's Center of Excellence for compressor technology, Svenska Rotor Maskiner (SRM), has built a closer cooperation with Snowman in China for development of cutting-edge, energy-efficient cooling compressors for manufacturing in China. Only during the last year sales of development of screw-compressors to Snowman has close to tripled. During 2013, Hong Kong Snowman Technology Ltd. became a 10 % owner of Opcon. With this new share issue Snowman increases its ownership further. The rights issue aim at strengthening the development of the long-term strategic cooperation that has been initiated and to tie both companies even closer together. At the same time it strengthens Opcon's financial position and helps creating resources for present focus areas like the marine version of the Opcon Powerbox. The company's share capital has increased by SEK 35.500.000. Since the subscription price for the issue was set at an amount below the shares' nominal value, SEK 20.400.000 has been transferred to the company's share capital through a transfer from shareholders' equity. Hong Kong Snowman Technology Ltd. is a fully owned subsidiary of Fuijan Snowman Co. Ltd, Fuzhou, Fuijan, China. Fuijan Snowman Co. Ltd was founded in 2000 and is listed on the Shenzen stock exchange. The Group has around 650 employees. Snowman is one of China's largest actors in industrial cooling. Marketing of its goods and services is primarily done through the brand Snowkey. For further information, please contact Niklas Johansson, vice president, Investor Relations, Opcon AB, tel. 46 8-466 45 00, 46-70-592 54 53 Opcon AB, Box 15085, 104 65 Stockholm, Sweden Tel. 46 8-466 45 00, fax 46 8-716 76 61 e-mail: info@Opcon.se www.Opcon.se The Opcon Group Opcon is an energy and environmental technology Group that develops, produces and markets systems and products for eco-friendly, efficient and resource-effective use of energy. Opcon has activities in Sweden, Germany and the UK. There are around 150 employees. The company's shares are listed on Nasdaq OMX Stockholm. The Group comprises one business area: Renewable Energy focuses on the following areas: compressor technology, electricity generation based on waste heat, bioenergy-powered heating and CHP plants, pellets plants, handling systems for biomass, sludge, recycling industry and natural gas, industrial cooling, flue gas condensation, treatment of flue gases and air systems for fuel cells. ----------------------------------------------------------- http://news.cision.com/opcon/r/opcon--completes-directed-share-issue-of-30-m-shares-at-0-57-sek-share-to-chinese-snowman,c9566747 http://mb.cision.com/Main/494/9566747/231534.pdf