About the share

The share

The company’s articles of association contains provisions pursuant to which the share capital shall be not less than SEK 500,000 and not more than SEK 2,000,000 divided into not less than 25,000,000 shares and not more than 100,000,000 shares. The company’s share capital amounts to SEK 704,986.88 divided into 35,249,344 shares, giving each share a quotient (par) value of SEK 0.02.

The first day of trading of the company’s shares on First North was 18 July 2019. The shares are issued in accordance with Swedish law and the shareholders’ rights related to the shares may only be modified or altered in accordance with the Swedish Companies Act. The company has only one class of shares. Shareholders are entitled to vote for their full number of shares and each share entitles to one vote at shareholders´ meetings.

The Company’s shares are issued in dematerialised form through the services of Euroclear Sweden AB (P.O. Box 191, SE-101 23 Stockholm). Euroclear is the central securities depository and clearing organisation for the shares in accordance with the Swedish Financial Instruments Accounts Act (Sw. lag (1998:1479) om värdepapperscentraler och kontoföring av finansiella instrument). Hence, no share certificates are issued and any transfers of shares are made electronically. All shares are fully paid and denominated in the currency SEK. The ISIN-code for the Company’s shares is SE0012569663.

Certified Adviser

When listing on Nasdaq, all companies are required to engage a Certified Adviser in connection with the application process. The Certified Adviser is obliged to guide the Company in the process and to monitor that the Company is in compliance with the rules and regulations, both during the application process as well as when traded on First North. The Company has engaged FNCA as Certified Adviser.

Contact information to FNCA

Visiting address: Humlegårdsgatan 5
Telephone: +46 8-528 00 399
E-mail: info@fnca.se
Postal address: FNCA Sweden AB, Box 5807, 102 48 Stockholm

Dividend policy

Eco Wave Power is in a phase where priority is put on exploiting the growth opportunities that have been identified. As a result, shareholders should not expect to receive any, or very low, dividends in the next few years. Eco Wave Power was founded in 2019 and thus have not yet paid any dividend.

Ownership structure

As per 17 July 2019, the Company’s shares are owned by 5,884 shareholders. In the table below the Company’s larger shareholders are listed.

Shareholder Shares/votes Per cent
Inna Braverman 11,750,000 33%
David Leb 11,750,000 33 %
Pirveli Investments Ltd. 1,951,000 6 %
Skandia Sverige Hållbar 526,315 1 %
Fjärde AP-fonden 526,315 1 %
Others 8,747,029 25 %
Totalt 35,249,344 100 % *

* Please note that the total percentage of ownership may not add up to 100% due to rounding error.