NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE ADDITIONAL MEASURES BEYOND THOSE REQUIRED BY SWEDISH LAW. The Board of Directors of Serstech AB (publ) ("Serstech” or the "Company”), listed on Nasdaq First North Growth Market, has today, on 25 November 2024, resolved to carry out a directed share issue of SEK 40 million before transaction costs (the "Directed Share Issue”) at a subscription price of SEK 0.84 per share.
Background to the Directed Share Issue and the reasons for deviation from shareholders’ pre-emptive rights Over the years, Serstech has carried out a number of rights issues to build the foundation of the Company.2023 was a record year for Serstech with 268 percent growth, profitability and positive operating cash flow.2024 will show slightly lower sales than 2023, but still with historically very good numbers.
Through the Directed Share Issue, Martin Bjäringer subscribes for 11,904,762 shares in Serstech (corresponding to approximately 4.7 percent of the total number of shares after the Directed Share Issue) and, subject to subsequent approval by the Extraordinary General Meeting, thereby becomes the single largest shareholder in the Company.
The story "Serstech receives a new major shareholder through a directed share issue of SEK 40 million" has 2253 words across 71 sentences, which will take approximately 10 - 19 minutes for the average person to read.
Which news outlet covered this story?
The story "Serstech receives a new major shareholder through a directed share issue of SEK 40 million" was covered 11 hours ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 10 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
