Q-FREE - CLOSING OF SECURITY DIVISION DIVESTMEMT
Norway 6 February 2017 Reference is made to the Stock Exchange Announcement on 30 January 2017, where Q-Free informed that it had signed an agreement to sell all assets related to its security business Prometheus Security Group Inc. (“PSG”) at a net consideration of NOK 10 million.The announced transaction has now been closed, and all contracts, employees, and other assets have been transferred to the new owner. PSG will be excluded from Q-Free Group’s operating results with effect from fourth quarter 2016 and be reported as “discontinued operations”. In 2016 PSG had revenues of NOK