STOCKHOLM, Mar 23, 2017 /PRNewswire/ --
The Board of Directors of Seamless Distribution AB proposes that the annual general meeting on April 20 2017 resolves to authorise the Board of Directors to divest the Company's wholly owned subsidiary Seamless Distribution Systems AB ("SDS").
The divestment is envisaged to be carried out either (i) through a purchase offer and subsequent listing of the SDS share on Nasdaq First North, whereby the Company's shareholders are granted purchase rights (Sw. Inköpsrätter) for shares in SDS pro rata in relation to their holdings in the Company; or (ii) to a third-party buyer, subject to the purchase price of all outstanding shares in SDS being higher than what the Board of Directors, with support from its advisors, has estimated as the fair trading value of the SDS shares upon listing.
More information and background to the Board's proposal and financial figures for the Company excluding SDS and for SDS as an independent unit will be held available on the Company's website, 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 09.50 a.m. CET on March 23, 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
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SOURCE Seamless Distribution AB