SDS issues a senior secured bond loan of SEK 200 million

Seamless Distribution Systems AB (publ) ("SDS" or the "Company") announces today that the Company has successfully placed a senior secured bond loan with an initial volume of SEK 200 million within a framework of SEK 300 million. The bond has a tenor of three years and carries interest at an annual rate of 3 months STIBOR plus 875 basis points. SDS intends to apply for listing of the bond on the Corporate Bond List of Nasdaq Stockholm. The bond was significantly oversubscribed and attracted demand from investors across the Nordics and continental Europe.

As previously communicated to the market via a press release on March 17, the net proceeds from the bond loan will be used to finance the acquisition of Real Impact Analytics SA ("Riaktr"), refinance existing interest-bearing loans and to finance general corporate purposes. In connection with the bond issue, the Company also announces that the set-off issue, which was communicated to the market via a press release on March 17, was fully subscribed and approved at the Annual General Meeting on April 22.

"The bond loan represents another step in further developing SDS's ability to execute on our growth strategy. The unanimous decision of the AGM to convert the existing shareholder loans to shares is an additional step towards a significantly stronger financial structure. We are now looking forward to the closing of the acquisition and to begin the integration of Riaktr and SDS", says Tommy Eriksson, CEO of SDS.

Pareto Securities AB acted as financial advisor and Gernandt & Danielsson Advokatbyrå KB as legal advisor in connection with the bond issue.

For additional information, please contact:
Martin Schedin
Chief Financial Officer
+46 70 438 14 42
[email protected]

SDS is a Swedish international software company that that specializes in mobile payment services for mobile operators, distributors, retailers and consumers. SDS ensures that Telecom operators can sell their telephone subscriptions, where SDS products and services handle up to 90% of the Telecom operator's sales. Today, SDS have implemented solutions in fintech, advanced analysis and retail value management, and where these solutions have succeeded, they are transformed into so-called SaaS solutions.
Following the acquisition of Riaktr, SDS has approximately 300 employees in Sweden, France, Belgium, Romania, South Africa, Ghana, Nigeria, Ivory Coast, United Arab Emirates, Pakistan, India and Indonesia.
Following the acquisition of Riaktr, SDS will annually handle more than 15 billion transactions worth over USD 14 billion. Via over 3 million monthly active resellers of digital products, more than 700 million consumers are served globally.

The company's Certified Adviser is FNCA Sweden AB, phone 08-528 00 399.
[email protected]

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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Marknad Nordic SME Kortnamn SDS ISIN-kod SE0009994445


Martin Schedin Chief Financial Officer [email protected] 070 438 14 42