Loan is reduced by sek15M

Invuo Technologies AB (“Invuo”) and Seamless Distribution Systems AB (“SDS”) has agreed to a write down of SDS’ debt to Invou with an amount of Sek15m. SDS’s outstanding debt to Invuo will be reduced to Sek35m. As part of the agreement, the interest rate on the loan provided to SDS by Invuo will be increased from 8 percent per annum to 10 percent per annum. The agreed transaction will be executed before December 31, 2017.
 

For further information, please contact:

John Longhurst, CEO, john.longhurst@invuo.com, +46 8 564 878 00

Martin Schedin, CFO, martin.schedin@invuo.com, +46 8 564 878 00
 

This information is such that Invuo Technologies 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 CET 08:50 on December 29, 2017.
 

About Invuo
Since 2001 Invuo has been providing its proprietary solutions and systems for mobile phone transactions. Invuo operates in two main business areas; mobile phone payment solutions provided through the brand MeaWallet™, and distribution of e-products. www.invuo.com

Tags:

About Us

Seamless is a global mobile payments company that provides electronic top-up systems and mobile payment services for mobile operators, distributors, retailers and consumers. 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 four main business areas: 1. Seamless Distribution Systems: Platform enabling digital distribution for Service Providers2. Seamless eProducts: Technology provider for distribution of physical and electronic products3. Seqr: Mobile Payment Platform4. MeaWallet: Provider of Host Card Emulation (HCE) and tokenization platform Seamless is truly an international company with customers all over the world. Our ambition is to be close to our customers, therefore, we have global sales, support and operations in Sweden, India, UAE, Pakistan, Ecuador, Belgium and Ghana, etc.In the last decade, we emerged as a trusted supplier and partner with technical excellence, business knowledge and commercially viable solutions. Our customers and long standing partnerships hold testimony to the quality of our product offerings and the efficiency of our services. As we move into the future, we aspire to continue exploring new grounds in mobile technology and introduce path-breaking products.

Subscribe

Documents & Links