Brief: Spyrosoft Starts Review Of Strategic Options

Spyrosoft SA

27/02/2025 06:05

Feb 27 (Reuters) - Spyrosoft SA SPRP.WA:

SAID ON WEDNESDAY THAT IT HAS STARTED THE REVIEW OF STRATEGIC OPTIONS

THE PROCESS AIMS TO ANALYSE AND SELECT THE MOST ADVANTAGEOUS WAY TO IMPLEMENT THE LONG-TERM DEVELOPMENT OF THE COMPANY, LEADING TO THE MAXIMIZATION OF VALUE FOR ITS CURRENT AND FUTURE SHAREHOLDERS AND IS RELATED TO COMPANY'S PLANS UNDER GROUP'S STRATEGY FOR 2022-2026

IN ACCORDANCE WITH THE STRATEGY, CONSOLIDATION OF SHARES OF SUBSIDIARIES WITHIN THE SPYROSOFT GROUP IS PLANNED

IT WILL BE IMPLEMENTED ON THE BASIS OF SHARE EXCHANGE PARITIES BASED ON THE EBITDA OF SUBSIDIARIES FOR 2026 AND MARKET MULTIPLIERS

THE EXCHANGE IS PLANNED FOR 2027 TO MAINTAIN HIGH MOTIVATION TO ACHIEVE THE GOALS SET OUT IN THE GROUP STRATEGY

AT THE SAME TIME, IN ACCORDANCE WITH THE ANNOUNCEMENTS IN THE STRATEGY, AFTER CONSOLIDATION, THE GROUP PLANS TO DEBUT ON A FOREIGN STOCK EXCHANGE

THANKS TO THIS, THE COMPANY WANTS TO INCREASE THE COMPANY'S VALUE FOR SHAREHOLDERS, ACQUIRE AND RETAIN THE BEST SPECIALISTS RELATED TO THE STOCK OPTION PROGRAM AND EXPAND ITS CUSTOMER BASE TO INCLUDE LARGE, GLOBAL PLAYERS

IN ORDER TO IMPLEMENT THE ABOVE PLANS, MANAGEMENT BOARD PLANS TO START PREPARATORY ACTIVITIES AND CONSIDER ALL ALTERNATIVE STRATEGIC OPTIONS REGARDING THE FUTURE OF THE COMPANY IN ORDER TO RECOMMEND THE MOST OPTIMAL SCENARIO TO SHAREHOLDERS

THE REVIEW OF STRATEGIC OPTIONS MAY INCLUDE, AMONG OTHERS: POSSIBLE CAPITAL PARTNERSHIP WITH STRATEGIC INVESTOR, ACQUIRING A FINANCIAL INVESTOR TO SUPPORT THE PROCESS OF DEBUTING THE COMPANY'S SHARES ON FOREIGN STOCK EXCHANGE, CONDUCTING AN ALTERNATIVE TRANSACTIONS WITH A DIFFERENT STRUCTURE, EMPLOYMENT OF AN APPROPRIATE FINANCIAL ADVISOR OR LACK OF ACTIVITIES RELATED TO THE ABOVE POSSIBLE SCENARIOS

COMPANY HAS NOT YET TAKEN ANY BINDING ACTIONS OR DECISIONS RELATED TO THE PROCESS OF REVIEWING STRATEGIC OPTIONS

COMPANY'S INTENTION IS TO COMPLETE THE PROCESS BY THE END OF 2025

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 (Gdansk Newsroom)

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