Brief: Safeture Plans To Sell Travelogix

Safeture AB

30/08/2019 08:03

Aug 30 (Reuters) - Safeture AB  SFTR.ST :
    * SAFETURE PLANS TO SELL TRAVELOGIX TO FOCUS ON CORE
ENTERPRISE
OFFERING
    * SAFETURE PLANS TO SELL TRAVELOGIX TO FOCUS ON CORE
ENTERPRISE
OFFERING
    * HAS SIGNED AN AGREEMENT TO SELL ITS 51 PERCENT HOLDING IN
U.K.-BASED TRAVEL SOFTWARE COMPANY TRAVELOGIX LIMITED
    * IT HAS SIGNED AN AGREEMENT TO SELL ITS 51 PERCENT HOLDING
IN
U.K.-BASED TRAVEL SOFTWARE COMPANY TRAVELOGIX LIMITED
("TRAVELOGIX") TO FIRM'S MANAGEMENT TEAM FOR 375,000 GBP (ABOUT
4.4 MILLION SEK)
    * TRANSACTION WILL RESULT IN AN INCREASE OF CASH IN MOTHER
COMPANY
SAFETURE AB OF 375,000 GBP BEFORE TRANSACTION COSTS
    * ASSUMING THAT TRANSACTION IS APPROVED AT EXTRAORDINARY
GENERAL
MEETING, CLOSING IS EXPECTED TO OCCUR SOON AFTER.
    * SALE OF SHARES WILL RESULT IN A CAPITAL GAIN OF
APPROXIMATELY
1.3 MILLION SEK BEFORE TRANSACTION COSTS AND IS ESTIMATED TO
HAVE A MINIMAL IMPACT ON SAFETURE'S LONG-TERM GROUP RESULT

Source text for Eikon:  ID:nWkr4Rqlkb 
Further company coverage:  SFTR.ST 

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