Brief: Targeteveryone Enables Full Attention On Spectrumone Through Divestment Of Legacy Business

Spectrumone AB (publ)

03/10/2019 19:56

Oct 3 (Reuters) - 
    * TARGETEVERYONE ENABLES FULL ATTENTION ON SPECTRUMONE
THROUGH
DIVESTMENT OF LEGACY BUSINESS
    * ANNUAL COST REDUCTION RELATED TO LEGACY BUSINESS IS
ESTIMATED TO
APPROXIMATELY MSEK 2
    * BOARD HAS ENTERED AN AGREEMENT TO DIVEST OUR NON-CORE
LEGACY
BUSINESS TO NORWEGIAN COMPANY EUROBATE AS
    * LEGACY CUSTOMERS ARE LOCATED IN TWO SUBSIDIARIES
TARGETEVERYONE
AS AND TARGETEVERYONE SWEDEN AB
    * TARGETEVERYONE AB WILL PROPOSE SPECTRUMONE AB AS A NEW
NAME TO
GENERAL MEETING THAT WILL BE ASSEMBLED SHORTLY
    * PURCHASE PRICE IS MSEK 1.6 AND INCLUDES NET
INTEREST-BEARING
DEBT AND ACCRUED ACCOUNT PAYABLES
    * TARGETEVERYONE'S STRATEGY IS TO APPROACH ENTERPRISE MARKET
WITH
SPECTRUMONE

Source text for Eikon:  ID:nWkr7f0N8w 
Further company coverage:  TEONE.ST 

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