Delays and uncertainty in AJ Group transaction results in liquidity issues
Following Invuo Technologies AB (“Invuo”) market communication on 30 April, 2018 regarding the status of the expected investment by AJ Group Holdings Ltd (“AJ Group”), to purchase 20m new shares, and loans in Seamless Distribution Systems AB held by Invuo (representing a total investment of 52 mSek), we regret to inform the market that further delays have occurred in the transfer of funds. Management and the Board consider that it is now a high risk that sufficient funds from the AJ Group investment to continue operations might not be available to Invuo in a reasonable timeframe.