CEO buys shares for SEK 1.35 million

Håkan Persson took over as CEO of Smol­tek in Octo­ber 2021 as part of the com­pany’s expan­ded efforts to indus­tri­al­ize and com­mer­cial­ize its two main devel­op­ment pro­jects: extremely thin and high-per­form­ance capa­cit­ors (CNF-MIM capa­cit­ors) for pro­cessors in mobile phones and oth­er sim­il­ar applic­a­tions, and a highly effi­cient new cell-mater­i­al for mem­branes in elec­tro­lyz­ers for more effi­cient pro­duc­tion of hydro­gen. Both of these pro­jects are based on Smol­tek’s unique and pat­ent protedted nan­ofiber technology.

“The board of Smol­teks views pos­it­ively that our CEO buys shares in the com­pany and thus fur­ther con­firms his pos­it­ive view of our poten­tial to cre­ate sig­ni­fic­ant share­hold­er value in the com­ing years,” says Smol­tek’s chair­man Peter Augustsson.

The trans­ac­tion was com­pleted on Janu­ary 20, 2022 at a price of SEK 27.10 per share, which was determ­ined on the basis of the volume-weighted aver­age price of the Com­pany’s share dur­ing the ten trad­ing days pre­ced­ing the trans­ac­tion date. The entire trans­ac­tion cor­res­ponds to a total pur­chase price of SEK 1,354,840.07.