CEO of TagMaster acquires 2,000,000 warrants from large owners
Stockholm, 27 December, 2012
Two large owners, Gert Sviberg and Tomas Brunberg, have each offered the CEO of TagMaster to acquire 1,000,000 warrants with three year redemption time and the CEO Jonas Svensson has accepted and the deal was completed on December 19.
“We look upon Jonas’ interest as something very positive and we judge this to be advantageous to all shareholders” says Gert Sviberg at the time of the deal.
”For me this is an exciting opportunity since I see a big potential to develop the business of TagMaster during the years to come” says the CEO Jonas Svensson.
”I am happy about this initiative of the owners and I look very positively at this sign of owners and operative management getting closer and like Jonas I see a very significant potential in the further development of the company” says the chairman Rolf Norberg and continues ”My own experiences of being share holder in the companies I have worked for are very positive and I am grateful that the owners have offered Jonas ownership this way”.
The price for the warrants and the redemption price for the shares are settled according to Black and Scholes calculation method in cooperation with solicitors at Lindahl and KPMG.
About TagMaster
TagMaster is an application driven technology company that designs and markets advanced radio frequency identification (RFID) systems and information products for demanding environments. Application areas include vehicle access control, rail bound transportation and logistics , in order to increase efficiency, security, convenience and to decrease environmental impact. TagMaster has dedicated agencies in the US and in China and exports mainly to Europe, Middle East, Asia and North America via a global network of partners, systems integrators and distributors. TagMaster was founded in 1994 and has its headquarters in Stockholm. TagMaster is a public company and its shares are traded on First North stock exchange in Stockholm, Sweden.
For more information, please contact:
Rolf Norberg, chairman,+46(0)70-5937489, Rolf.Norberg@TagMaster.com