March 20 (Reuters) - Appspotr AB APTR.ST :
* SAID ON TUESDAY APPSPOTR PROPOSES SET-OFF ISSUE OF SHARES
* SHARES WILL BE AVAILABLE TO FOUR OF COMPANY'S CREDITORS
WHO HAVE
UNDERTAKEN TO SET OFF THEIR CLAIMS OF TOTAL OF ABOUT SEK 1.5
MILLION
* COMPANY'S DEBT IS REDUCED BY CORRESPONDING AMOUNT
* SUBSCRIPTION PRICE AMOUNTS TO SEK 0.37 PER SHARE
* ELIGIBLE CREDITORS ARE KATTSON I SVERIGE AB (OWNED AND
CONTROLLED BY BOARD MEMBER HÅKAN JOHANSSON), CHAIRMAN PETER
WENDEL, BOARD MEMBER BOBBY SPENCER AND COMPANY'S CEO ANDERS
LISSÅKER
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Further company coverage: APTR.ST
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