The Board of Directors of Seamless has, in order to facilitate both SDS’s and Seamless’s continued development and growth, decided to implement an ownership distribution of the shares in SDS by offering the shareholders in Seamless to acquire 85 percent of the shares in SDS. Furthermore, the Board of SDS has applied for and received approval, provided that customary conditions are met, such as that the Company meets Nasdaq First North Premier’s distribution requirements, regarding listing of the Company’s shares on Nasdaq First North Premier.
Seamless Distribution Systems AB (“SDS”) has prepared a prospectus regarding an offer from SDS’s parent company Seamless Distribution AB (“Seamless”) to acquire shares in SDS. In connection with the Offer, SDS shares will be admitted to trading on Nasdaq First North Premier, with a planned first trading day on July 21, 2017.