Brief: Serendipity Innovations proposes name change, sale of VM-activities and new CEO

Sdiptech AB (publ)

15/09/2015 07:02

Sept 15 (Reuters) - Serendipity Innovations publ AB  SDIPpref.ST : 
    * Board proposes business area Venture Management (VM-activities) to be sold to Serendipity 
Ixora AB (Ixora) 
    * Says VM-activities have been valued at about 284 million Swedish crowns ($34.37 million) 
    * Payment for the VM-activities is proposed to be done partly through cash payment of about 
79 million crowns, which will be paid quarterly, and partly through non-cash share issue to the 
company  
    * Proposes name change to Sdiptech 
    * Says Jakob Holm, who is currently vice CEO, will become new CEO 
 
 
Source text for Eikon:  ID:nHUG2kY89h  
     
Further company coverage:  SDIPpref.ST  
 
($1 = 8.2628 Swedish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))