Cinnober is investigating the possibility to carry out a directed share issue in the amount of approximately SEK 100 million
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR AUSTRALIA OR IN ANY OTHER JURISDICTION IN WHICH DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR OTHER MEASURES IN ADDITION TO THOSE REQUIRED UNDER SWEDISH LAW.
Cinnober Financial Technology Aktiebolag (publ) (“Cinnober”) has commissioned Skandinaviska Enskilda Banken AB to investigate the possibility to carry out a directed new issue of shares in the amount of approximately SEK 100 million, subject to the approval of an Extraordinary General Meeting.
The Company intends to use the proceeds from the directed issue to finance the further development of a wholly-owned subsidiary, in which Cinnober’s operations for the sale of technology and services for real-time clearing for banks will be conducted.
For further information, please contact:
Veronica Augustsson
CEO
Cinnober Financial Technology Aktiebolag (publ)
Tel. +46 (0)8 503 047 00
veronica.augustsson@cinnober.com
About Cinnober Financial Technology Aktiebolag (publ)
Cinnober provides solutions and services to leading trading and clearing venues, including exchanges, clearinghouses, banks and brokers. Cinnober’s solutions are largely based on the TRADExpress™ Platform, incorporating everything needed for mission-critical solutions in terms of performance, robustness and flexibility. The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and surveillance. Cinnober’s customers include the Australian Securities Exchange, BM&FBOVESPA, Dubai Gold & Commodities Exchange, Euronext, Japan Exchange Group, Johannesburg Stock Exchange, the London Metal Exchange, LME Clear, NYSE and the Stock Exchange of Thailand. In addition to the leading position in exchange technology, the company also has a long-term ambition to broaden its offering to a larger target group, by also adapting the technology for banks and brokerages. Cinnober’s shares are traded on the Nasdaq First North exchange and the company’s Certified Advisor is Avanza. For additional information, please visit www.cinnober.com
IMPORTANT INFORMATION
The information in this press release does not constitute an offer to acquire, subscribe or otherwise trade in shares, convertible debentures or other securities in Cinnober. The information in this press release may not be released, published or distributed, directly or indirectly, in or into the United States, Canada, Hong Kong, Japan, New Zeeland, South Africa or Australia or any other jurisdiction in which such action is subject to legal restrictions or would require prospectuses, registration or other measures than those required by Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in a manner that contravenes such restrictions or would entail such requirements. Actions in violation of these restrictions may constitute a violation of applicable securities laws.
Tags: