Scandinavian Enviro Systems has announced that shareholders approved a new financing authorization at an Extraordinary General Meeting held on May 21, 2026, while the company also confirmed details of its upcoming Annual General Meeting scheduled for June 23 in Gothenburg.

The authorization gives Enviro’s Board of Directors flexibility to raise capital through the issuance of shares, warrants, and convertible instruments as the company continues developing its tire recycling and recovered carbon black operations.

Board receives authorization for future capital raises

At the Extraordinary General Meeting, shareholders approved a proposal authorizing the Board of Directors to issue new shares, warrants, and convertible securities on one or more occasions until the next Annual General Meeting.

The authorization may be used with or without shareholders’ preferential subscription rights and allows payment through cash contributions, contributions in kind, set-off arrangements, or other approved conditions.

According to the company, any issuance that deviates from existing shareholders’ preferential rights must be conducted on market terms, including customary market-based discounts where applicable.

The authorization is intended to provide flexibility for future financing activities, strategic investments, and shareholder base expansion.

Annual General Meeting scheduled for June 23

Enviro has also issued a notice for its 2026 Annual General Meeting, which will take place on June 23 at Hotel Riverton in Gothenburg, Sweden.

Shareholders will have the option to participate either in person or through postal voting in accordance with the company's articles of association.

Among the key items on the agenda are approval of the 2025 financial statements, election of board members, determination of board remuneration, auditor appointments, and a proposal to renew the Board’s authorization to issue shares and other financial instruments.

Board and auditor nominations

The nomination committee has proposed the re-election of Ewa Björling, Fabien Gaboriaud, Magnus Jakobson, Peter Möller, and Björn Olausson to the Board of Directors.

Ewa Björling has been nominated for re-election as Chair of the Board.

The committee has also proposed the reappointment of Öhrlings PricewaterhouseCoopers AB (PwC) as the company’s external auditor, with authorized public accountant Johan Brobäck continuing as the lead audit partner.

No dividend proposed for 2025

The Board of Directors has proposed that no dividend be paid for the 2025 financial year.

Instead, accumulated results will be carried forward in accordance with the proposal presented in the company’s annual report.

Focus remains on tire recycling and recovered carbon black

Scandinavian Enviro Systems develops tire recycling technology designed to recover valuable raw materials from end-of-life tires and other rubber-based products.

The company's patented pyrolysis process produces recovered carbon black (rCB), tire-derived oil, recovered steel, and other materials that can be reintroduced into industrial supply chains.

Recovered carbon black generated through tire pyrolysis is increasingly attracting interest from tire manufacturers and rubber producers seeking lower-carbon alternatives to virgin carbon black as part of broader sustainability and circular economy strategies.

Enviro has previously stated that recovered carbon black produced using its technology can significantly reduce carbon emissions compared with conventional carbon black manufacturing.

As the company continues its restructuring and development efforts, the newly approved financing authorization provides additional flexibility to support future growth initiatives within the tire recycling and sustainable materials sectors.

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