Company Minesto AB

MINEST

SE0007578141

Independent Power Producers

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Sector Renewable IPPs

Market Closed - Nasdaq Stockholm Other stock markets 11:29:47 2024-04-26 am EDT			5-day change	1st Jan Change
2.46 ^SEK	+3.80%		+8.85%	-69.52%

Apr. 25	Minesto AB Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 25	Minesto AB Announces Interim Management Statement for the Period January 1, 2024, to March 31, 2024	CI

Minesto AB is a Sweden-based company engaged in the development of tidal energy devices. The Company's product Deep Green, is a power plant that converts energy from tidal stream flows into electricity by way somewhat similar to the posture of a wind kite. The kite assembly, consisting of a wing and turbine, is attached by a tether to a fixed point on the ocean bed. As water flows over the hydrodynamic wind, a lift force is generated which allows the device to move smoothly through the water and for the turbine to rotate hence generating electricity. The Company has offices in Sweden, North Ireland and the United Kingdom. The Company is co-owned by SAAB, BGA Invest, Verdane Capital, Encubator and Midroc.

Number of employees: 58

SEK in Million	2022	Weight	2023	Weight	Delta
Renewable Electricity 100.0 %	0	nan %	0	100.0 %	-

SEK in Million	2022	Weight	2023	Weight	Delta
Sweden 100.0 %	0	nan %	0	100.0 %	-

Managers	Title	Age	Since
Martin Johan Edlund CEO	Chief Executive Officer	55	07-12-31
Gustav Kvibling DFI	Director of Finance/CFO	-	23-06-06
Johannes Hüffmeier COO	Chief Operating Officer	-	20-12-31
Bernt Erik Westre CTO	Chief Tech/Sci/R&D Officer	-	15-12-31
Per Andreas Gunnarsson		50	-
Hans Lindström PRN	Corporate Officer/Principal	-	23-06-06
David Collier PRN	Corporate Officer/Principal	-	17-09-14

Members of the board	Title	Age	Since
Per Andreas Gunnarsson BRD	Director/Board Member	50	07-09-18
Göran Harald Linder BRD	Director/Board Member	62	06-12-31
Martin Johan Edlund CEO	Chief Executive Officer	55	07-12-31
Bengt Gunnar Adolfsson BRD	Director/Board Member	75	09-12-31
Git Ann-Louise Sturesjö Adolfsson BRD	Director/Board Member	63	09-12-31
Jonas Millqvist CHM	Chairman	63	18-06-06
Joel Lybert BRD	Director/Board Member	49	23-06-06

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	200,915,867	132,274,678 ( 65.84 %)	0	65.84 %

Name	Equities	%	Valuation
BGA Invest AB 15.09 %	30,327,063	15.09 %	8 M kr
Midroc New Technology AB 13.39 %	26,893,177	13.39 %	7 M kr
Storebrand Asset Management AS 0.5537 %	1,112,425	0.5537 %	297 540 kr
FPM Frankfurt Performance Management AG 0.0760 %	152,649	0.0760 %	40 829 kr
OTP Fund Management Ltd. 0.005719 %	11,491	0.005719 %	3 073 kr
FCG Fonder AB 0.005193 %	10,434	0.005193 %	2 791 kr
Jonas Millqvist 0.000798 %	1,604	0.000798 %	429 kr

Minesto AB

J A Wettergrens gata 14

421 30, Västra Frölunda

+46 31 29 00 60

http://www.minesto.com

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OUTPERFORM

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2.46

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Electrical Utilities & IPPs

Independent Power Producers

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