Inactive Instrument

Company Minesto AB Nasdaq Stockholm

Independent Power Producers

End-of-day quote Nasdaq Stockholm Other stock markets
- ^SEK	-

06-29	Philippe Kavafyan joins Minesto's board	FW
06-23	Minesto AB Approves Election of Philippe Kavafyan as Director	CI

Business description: Minesto AB

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.

Sales by Activity: Minesto AB

Fiscal Period: December	2020 (SEK)	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)
Electric Equipment	40.06M	38.76M	42.82M	41.78M	25.71M

See all business segments

Executive Committee: Minesto AB

Manager	Title	Age	Since
Martin Johan Edlund CEO	Chief Executive Officer	57	2016-02-02
Alexander Jancke DFI	Director of Finance/CFO	-	2025-09-30
Johannes Hüffmeier COO	Chief Operating Officer	-	2023-06-06
Bernt Erik Westre CTO	Chief Tech/Sci/R&D Officer	-	2017-09-14
Louise Marsden HRO	Human Resources Officer	-	-

See MINESTO AB governance

Composition of the Board of Directors: Minesto AB

Director	Title	Age	Since
Göran Harald Linder BRD	Director/Board Member	64	2009-07-12
Martin Johan Edlund CHM	Chairman	57	2007-12-31
Jonas Millqvist CHM	Chairman	65	-
Per Andreas Gunnarsson BRD	Director/Board Member	52	2007-09-18
Joel Lybert BRD	Director/Board Member	51	2023-06-06
Philippe Kavafyan BRD	Director/Board Member	59	2026-06-22

Composition of the Board of Directors

Shareholders: Minesto AB

Name	Stocks	%	Valuation
Corespring New Technology AB 13.33 %	34,670,981	13.33 %	5 M kr
Martin Johan Edlund 0.2411 %	627,209	0.2411 %	90 732 kr
FPM Frankfurt Performance Management AG 0.0732 %	190,288	0.0732 %	27 527 kr
Bernt Erik Westre 0.0709 %	184,365	0.0709 %	26 670 kr
Cecilia Sernhage 0.023 %	59,874	0.023 %	8 661 kr

List of MINESTO AB shareholders

Company details: Minesto AB

Minesto AB

J A Wettergrens gata 14

421 30, Västra Frölunda

+46 31 29 00 60

http://www.minesto.com

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