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.
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.
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.
Om Seamless Distribution Systems
SDS är ett svenskt mjukvarubolag med lösningar för elektronisk distribution av tjänster till privatkonsumenter via mobiloperatörer i tillväxtländer. Bolaget erbjuder sina företagskunder en helhetslösning för digitala konto och transaktioner. Bolaget har kunder i alla världsdelar som når över 300 miljoner mobilanvändare via fler än 700 000 aktiva återförsäljare. SDS har cirka 130 medarbetare i Sverige, Belgien, Ghana, Nigeria, USA, Pakistan, Indien, Ecuador och Förenade Arabemiraten.
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