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SUBGEN Subgen AI AB News Story

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Brief: Subgen AI Acquires Right To 51% Of Link Securities

May 6 (Reuters) - Subgen AI AB SUBGEN.ST:

SAID ON TUESDAY HAS ACQUIRED RIGHT TO 51% OF LINK SECURITIES TO BUILD EUROPE'S AI PLATFORM FOR FINANCIAL SERVICES

THIS RIGHT ORIGINATES FROM EUR 2 MILLION MANDATORY CONVERTIBLE LOAN GRANTED BY UNIT ZONAVALUE GLOBAL S.L. TO LINK SECURITIES

LOAN IS TO BE REPAID THROUGH ISSUANCE OF NEW SHARES

FOLLOWING TRANSFER OF THIS RIGHT FROM ZONAVALUE GLOBAL TO SUBGEN AI, CO EXPECTED TO DIRECTLY ACQUIRE 51% OF LINK SECURITIES

LINK SECURITIES EXPECTED TO CONTRIBUTE ABOUT SEK 30 MILLION IN ANNUAL REVENUE, SEK 5 MILLION IN EBITDA IN FIRST FULL YEAR WITHIN GROUP

LINK SECURITIES WILL BE IMMEDIATELY ACCRETIVE TO GROUP PROFITABILITY

Source text: ID:nMFN6Z8wrF

Further company coverage: SUBGEN.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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