The environmental technology company Ecorub is carrying out a directed set-off share issue of up to approximately SEK 2 million to the shareholder and creditor Svante Larsson, according to a press release. The purpose is to reduce the company's indebtedness by offsetting debt against new shares.The issue comprises up to 28.5 million B shares at a subscription price of SEK 0.0702 per share, corresponding to the closing price on April 20. Dilution amounts to approximately 5.2 percent and issue costs are estimated at SEK 50,000. The company's debt decreases by up to SEK 2 million.