HiQ ISSUES SHARES AGAINST SET-OFF PAYMENT
The board of HiQ has resolved to issue new shares against set-off for payment of additional payment in relation to an earlier completed acquisition.
The share issue against set-off payment is done in order to settle the additional payment for the financial year 2016 in relation to the acquisition of Great Apes Oy. By the issue of 59,140 shares, the additional payment for 2016 of 0,4 MEUR (corresponding to SEK 3,8 million) is settled. Given that certain set profitability targets are met in 2017, an additional payment (in cash) of 0,2 MEUR could be paid out in 2018.
After the share issue, the total number of outstanding shares and votes in HiQ amounts to 54,772,245 shares.
For more information, please contact:
Fredrik Malm, CFO HiQ, tel. +46 (0)8-588 90 000
HiQ International AB is required to publish this information under the EU Market Abuse Regulation. The information was released for publication by the specified contact on 15 February 2017 at 15:30 CET.
HiQ helps to make the world a better place by making people’s lives simpler through technology and communication. We are the perfect partner for everyone eager to achieve results that make a difference in a digital world. Founded in 1995, HiQ has more than 1,500 specialists in four countries and is listed on the Nasdaq Stockholm Mid Cap list. For more information and inspiration, please visit www.hiq.se