Seamless Distribution Systems
Seamless Distribution Systems AB evaluates relocation to NGM
The board of directors of Seamless Distribution Systems AB ("SDS") has decided to evaluate the conditions for listing on Nordic SME at the Nordic Growth Market, Stockholm ("NGM"). The aim is to complete the listing before the end of January 2024. Existing shareholders should not be affected, but SDS may become more visible in communication with the stock market, and trading in the stock may increase.
The SDS stock has been listed on Nasdaq First North Premier since 2017. The company's board and management have now initiated the work required to prepare SDS for a transfer of listing to NGM. The proposed change is intended to be completed in January 2024.
The rationale behind the evaluation includes NGM's cost advantages and technical infrastructure, which, according to CEO Eddy Cojulun, positions NGM as a long-term partner for SDS, aiming to streamline operations and improve communication with investors.
Existing shareholders in SDS are not expected to be affected, except that SDS's visibility to both current and new investors is projected to increase, while liquidity in the trading of the stock is expected to improve.
For more information contact:
Martin Schedin
Chief Financial Officer
+46 70 438 14 42
martin.schedin@seamless.se
ABOUT SDS
SDS is a Swedish international software company that that specializes in mobile payment services for mobile operators, distributors, retailers, and consumers. SDS ensures that Telecom operators can sell their telephone subscriptions, where SDS products and services handle up to 90% of the Telecom operator's sales. Today, SDS have also implemented solutions in advanced analytics and Retail Value Management and fintech, where these products have succeeded, they are transformed into so-called SaaS solutions.
SDS has approximately 288 employees in Sweden, France, Belgium, Romania, South Africa, Ghana, Nigeria, United Arab Emirates, Pakistan, India and Indonesia. SDS systems handles more than 15 billion transactions worth over USD 14 billion annually. Via over 3 million monthly active resellers of digital products, more than 1100 million consumers are indirectly served globally.
SDS share is listed on Nasdaq First North Premier.
The company's Certified Adviser is FNCA Sweden AB. info@fnca.se
| Datum | 2023-12-19, kl 08:30 |
| Källa | beQuoted |
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