MTI Investment SE

Aktieägarna i MTI Investment AB kallas till årsstämma den 5 juni 2025 i Stockholm. För att delta måste aktieägare vara registrerade hos Euroclear Sweden AB senast den 27 maj 2025 och anmäla sitt deltagande till bolaget senast den 30 maj 2025. Förvaltarregistrerade aktier måste omregistreras i aktieägarens namn för att delta. Om ombud används krävs en skriftlig fullmakt. Vid stämman kommer bland annat följande punkter att behandlas: val av ordförande, godkännande av dagordning, beslut om årsredovisning, ansvarsfrihet för styrelse och VD, styrelse- och revisorsarvoden, samt val av styrelse och revisionsbolag. Förslag har lagts fram om att ingen utdelning ska ges för 2024, och att styrelsen ska bestå av fem ledamöter med omval av nuvarande medlemmar. Två incitamentsprogram föreslås: ett för ledande befattningshavare och ett för styrelsen, båda innebärande emission av teckningsoptioner. Dessa program syftar till att främja långsiktigt engagemang och motivation. Vid fullt utnyttjande av teckningsoptionerna kan bolagets aktiekapital öka med upp till 250 000 aktier, vilket motsvarar en utspädning på cirka 1,48%. Andra förslag inkluderar ändring av bolagsordningen och bemyndigande för styrelsen att besluta om emission av aktier och teckningsoptioner för att möta bolagets kapitalbehov. För beslut krävs olika majoriteter beroende på punktens natur. Handlingar och förslag kommer att finnas tillgängliga för aktieägare i förväg.

MTI Investment AB is calling its shareholders to attend the annual general meeting on June 5, 2025, at Qap Legal Advisors in Stockholm. Shareholders must be registered by May 27, 2025, and notify their participation by May 30, 2025. The agenda includes electing a chairman, approving the voting register and agenda, presenting financial reports, and resolving on various matters such as board and auditor fees, board elections, and incentive programs for senior executives and board members. The Shareholder Group proposes no dividends for 2024 and suggests re-electing the current board and auditor. Two incentive programs, 2025/2028A for executives and 2025/2028B for the board, involve issuing warrants, aiming to align interests with shareholders. Amendments to the articles of association and authorizations for the board to issue shares are also proposed. Documents related to the meeting will be available three weeks prior.

MTI Investment AB announced that Co-founder and CEO Pontus Engström is stepping down after leading the company since 2014, but will remain available until September 30, 2025, to ensure a smooth transition. Engström will continue to be a significant shareholder. Anton Dahlberg, currently Managing Director of TechBridge Invest in Mombasa, will take over as CEO. Dahlberg has a background in East African investments and holds degrees in Sustainable Technology and Physics. Co-founder Trond Randøy will step down as Board Chair on December 10, 2025, but will remain a Board Member. Martin Ackermann has been appointed as the new Board Chair. MTI Investment AB is focused on venture capital and impact investing in East Africa, leveraging expertise from the Nordic region and local networks in Africa. The company's shares are traded on the Nasdaq First North Growth Market.

MTI Investment AB has reduced its ownership in Ecohomes Tanzania Limited from 76.8% to 18.9% after a strategic review. This change has been registered with Tanzania's Business Registration and Licensing Agency. The shares were transferred through MTI's subsidiary, African Construction AS, with Pivotech Company Limited acquiring 116,991 shares and CEO Harry Tuluhungwa acquiring 174,915 shares. MTI retains a 18.9% stake, and the transaction is a non-cash transfer at nominal book value, minimally impacting MTI's balance sheet but improving cash flow. The divestment results in a one-off capital gain of approximately EUR 950,000, offsetting prior losses. The new shareholding structure has Pivotech owning 42.8%, Tuluhungwa 33.2%, MTI 18.9%, and others 5.1%. MTI will no longer have board representation, with Tuluhungwa joining the board. CEO Pontus Engström stated the reduction allows MTI to streamline operations and focus on core investments. MTI Investment AB is active in venture capital and impact investing in East Africa, with its shares traded on Nasdaq First North Growth Market.

MTI Investment AB is highlighting the achievements of its portfolio company, Chanzi, in tackling urban waste management in Arusha, Tanzania. Chanzi processes 40 metric tons of waste daily, creating over 75 jobs and producing 10 metric tons of sustainable insect protein monthly. Since opening a Material Recovery Facility in Arusha six months ago, Chanzi has employed over 75 former waste pickers, diverted over 1,000 tonnes of waste from landfills, and recycles 15% of the city's garbage daily. The company's growth is supported by investors like MTI Investment, Anheuser-Busch InBev, and partnerships with organizations such as TakaTaka Solutions and the SMEP Programme. Chanzi plans to expand to 11 more cities in Tanzania, aiming to reach 5 million citizens and requiring $12.25 million in funding. The company seeks to create more jobs and reduce landfill reliance and greenhouse gas emissions. Chanzi's model is seen as having significant growth potential in the global sustainability space.

MTI Investment AB has released its core holdings update for Q3 2024, including a Net Asset Value (NAV) update, available on their website. The NAV is estimated at SEK 2.36 per share, showing a 36% discount compared to the end-of-quarter share price of SEK 1.50, with the most recent share price at SEK 1.21 as of November 19, 2024. Key events in Q3 include Zanrec's shift to plastic recycling, MTI's increased stake in TechBridge Invest AS to 56.1%, Chanzi's significant growth in waste collection, and a new board member at Shambani Milk. Post-Q1 2024 developments include the resignation of CFO Nedim Efendic, the launch of the Elevate Blue Innovation Challenge, and the termination of a market maker agreement with Mangold Fondkommission AB. CEO Pontus Engström emphasized MTI's commitment to financial, agricultural, and environmental impact in East Africa. The company operates at the intersection of venture capital and impact investing, focusing on sustainable growth in East Africa and is listed on Nasdaq First North.

MTI Investment AB has decided to end its agreement with Mangold Fondkommission AB as its market maker. The agreement, originally signed on March 5, 2021, will conclude on March 26, 2025. MTI operates in venture capital and impact investing, focusing on East Africa, and is traded on the Nasdaq First North Growth Market. Mangold Fondkommission AB is the certified adviser to MTI Investment. For further information, contact Pontus Engström, CEO of MTI Investment AB.

MTI Investment AB and its subsidiary TechBridge Invest AS, in partnership with Sote Hub, have launched the Elevate Blue Innovation Challenge, supported by a NOK 25 million grant from the Norwegian Agency for Development Cooperation (NORAD). The initiative aims to support early-stage entrepreneurs in Kenya and Tanzania who are developing solutions in the blue economy and marine litter sectors, such as marine pollution, sustainable fishing, aquaculture, eco-tourism, and plastic waste recycling. The challenge seeks to create 9,000 jobs and generate $9.4 million in revenue for startups over five years. Winning teams will access TechBridge's incubator and accelerator programs for mentorship and resources. TechBridge Invest, recognized as Incubator of the Year in 2023, focuses on sustainable development and entrepreneurship in East Africa. MTI Investment, a venture capital and impact investing firm, holds a 56.1% stake in TechBridge and aims to drive growth in East Africa with its Nordic and local expertise.

MTI Investment AB (Nasdaq First North: MTI) announced that Chief Financial Officer (CFO) Nedim Efendic will step down from his role effective December 30, 2024, but will remain with the company in an advisory capacity. His CFO duties will be taken over by an internal team led by Manvi Mathur in Stockholm, along with Ian Temu and Jesuit Richard in Tanzania. During his tenure, Nedim significantly strengthened the company's financial operations and advanced entrepreneurship training programs. He will continue to work on key initiatives, including Norad-funded projects in East Africa, as Head of Incubation and Acceleration while serving as Acting CEO of TechBridge Invest AS. MTI is finalizing a consultancy agreement with Nedim for his new role. MTI Investment AB, aiming to be a leading investment company in East Africa, combines Nordic capital and expertise with local entrepreneurial networks. The company's shares are traded on the Nasdaq First North Growth Market. For more information, contact Pontus Engström, CEO of MTI Investment AB.

MTI Investment AB (ticker: MTI) has released a 5-minute video commentary by CEO Pontus Engström, discussing the company's performance for the first half of 2024 and future strategic priorities. The video provides insights into MTI's portfolio growth and commitment to financial returns and social impact in East Africa. Key points include strong performance from portfolio companies like AML Finance, Mtaji Wetu Finance, and Shambani Milk, strategic initiatives such as expanding credit facilities and focusing on plastic recycling, and future plans emphasizing agriculture, financial services, and advisory businesses. Engström expressed confidence in MTI's direction and its impact on local communities. The video is available on YouTube, and further details can be found on MTI's website.