Changes to ownership in Seamless
Peter Fredell, CEO of Seamless Distribution AB, has through his wholly owned company Fredell & Co acquired 3.526.334 shares owned by Kinnevik, representing 6,0 % of the outstanding shares in Seamless . After the transaction Fredell & Co owns 9,9 % of the outstanding shares in Seamless.
In connection with the transaction, Fredell & Co has entered into an agreement that gives a US fund the right to acquire the shares from Fredell & Co within 3 months.
At the same time, Kinnevik has signed an underwriting agreement to acquire shares in the planned listing process of Seamless Distribution Systems (SDS) for an amount up to SEK21,158,004, corresponding to the proceeds of the above sale transaction.
For more information, please contact:
Martin Larsson, Head of Treasury & Investor Relations, firstname.lastname@example.org, +46 707 22 56 65
Seamless is one of the world’s largest suppliers of payment systems for mobile phones. Founded in 2001 and active in 35 countries, Seamless handles more than 5.3 billion transactions annually through 675 000 active sales outlets. Seamless has three main business areas including the transaction switch, the technology provider for the distribution of e-products and the mobile payment platform Seqr. www.seamless.se
This information is information that Seamless Distribution AB (publ) is obliged to make public pursuant to the EU Market. Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, at 17.55 p.m. CET on June 19, 2017.
Seamless Distribution AB, Box 6234, 102 34 Stockholm | Visiting address: St Eriksgatan 121 D | Org. no: 556610-2660 Phone: 08-564 878 00 | Fax: 08-564 878 23 | www.seamless.se