Diversification of ownership and conversion of warrants by the CEOs sale of shares in Josab International AB (JOSA)
Andrej Setina, CEO of Josab International AB has through a Hong Kong-based investment bank, sold 7,000,000 shares in Josab International AB to 7 individual investors. The sale is primarily aimed at creating the economic conditions for Setina's conversion of his remaining warrants and strive to diversify the company's ownership structure.
"I will now, without getting into a situation of a mandatory bid, be able to meet my earlier commitment to convert my remaining warrants into shares and ensure my position as the second largest shareholder", says Andrej Setina, CEO Josab. "It is in my opinion also beneficial for all shareholders that the company is spreading its ownership by financially strong long-term investors with great confidence in the company's future development", Setina concludes.
Andrej Setina persists after this transaction, together with related parties, as the second largest
single owner in Josab International AB with a total holding of 5,829,000 shares (approximately 11,9%) and 2,371,000 warrants.
Stockholm 4th of August 2015
For more information please contact:
Mr Yongjun Zhu
Chairman
+86 10 5169 5729
zhuyongjun@interchina-bj.com
Andrej Setina
CEO
+46 70 537 06 67
andrej.setina@josab.com
About Josab International AB
Josab International AB manufactures and sells ecological water treatment solutions based on, by the company patented, unique filter material Aqualite™. Josab International AB has today five fully owned daughter companies, Josab Hungary Kft, Josab East Africa Ltd, Josab India Pvt Ltd, Josab China Ecological Water Treatment Systems Co Ltd and JOSINT Financial Services AB.