Seamless Distribution Systems

Debt is reduced by Sek15m

Invuo Technologies AB ("Invuo") and Seamless Distribution Systems AB ("SDS") has agreed to a write down of SDS' debt to Invou with an amount of Sek15m. SDS's outstanding debt to Invuo will then be reduced from Sek50m to Sek35m. As part of the agreement, the interest rate on the remaining loan provided to SDS by Invuo will be increased from 8 percent per annum to 10 percent per annum. The agreed transaction will be executed before December 31, 2017.

December 29, 2017

For more information please contact:
Gunnar Jardelöv, chairman
+4 6 708 34 81 48.

This information is information that Seamless Distribution AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. Submitted for publication December 29, 2017 at 08:50 CET.

About SDS
SDS is a Swedish software company with solutions for electronic distribution of services to private consumers through mobile operators in emerging markets. The company offers its corporate customers a comprehensive solution for digital transactions. The company has customers in 28 markets that reach over 200 million mobile consumers through more than 675,000 retailers. SDS has approximately 140 employees in Sweden, Belgium, Ghana, Guinea, USA, Pakistan, India, Ecuador and the United Arab Emirates.

With over 16 years of experience, SDS focuses on high customer satisfaction and effective development. SDS manages over 5.3 billion transactions annually and enables the growing population of emerging markets to become part of the mobile revolution.

SDS shares are listed on NASDAQ OMX First North Premier.

The company's Certified Adviser is Mangold Fondkommission AB, telephone number +46 8 5030 1550.

Files for download

Seamless Distribution Systems Pressrelease 2017-12-29.pdf

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