The principal owners and the Board of Directors of Zound Industries International AB prolongs the acceptance period for the Extension of Power of Attorneys
As communicated on 26[th] of February 2019, the Board of Directors of Zound Industries International AB (the "Company" or “Zound Industries”) has initiated an exit process of Zound Industries. The exit process is supported by shareholders jointly holding a majority of the shares including, among others, Zenith Venture Capital, Varenne, Telia Company and TIME Investors SAS (the "Principal Owners"). As communicated on 7[th] of October 2019, the Board of Director’s have decided to request that each shareholder prolong their existing Power of Attorney relating to the sale process until 30[th]