ZUTEC REPAYS EUR1M LOAN FROM ATHANASE
Zutec Holding AB (publ) (“Zutec") today announced that it has repaid in full the loan from Athanase of EUR1m plus applicable interest. “In accordance with our intentions at the time of the rights issue we have repaid all the debt to Athanase. We believe that based on the stage of Zutec’s development that being debt free is the appropriate capital structure. We now have a strong cash position and our capital structure has been aligned and our focus is to build on the strong momentum of growth we are experiencing by making further investments into sales and marketing allowing us to