STOCKHOLM, Dec. 13, 2017 /PRNewswire/ -- The Board of Directors of Clavister Holding AB (the "Company") has in accordance with the authorization resolved on the Extraordinary General Meeting 11 December 2017 executed two warrants issues of 3 062 608 warrants and 1 250 000 warrants respectively to Tagehus Holding AB ("Tagehus"). All issued warrants have been subscribed by Tagehus.
No 1 2017/2020 ("Series 1")
A total of 3 062 608 warrants of Series 1 have been issued to Tagehus with deviation of the shareholders' preferential rights. The reason for the deviation from shareholders' preferential rights is that the Company has undertaken to carry out the issue as part of an agreement between the Company and Tagehus regarding, inter alia, issuing of loans to the Company. The warrants are issued free of charge and each warrant entitles the holder to subscribe for one new share in the Company for a subscription price of SEK 20. The subscription price has been determined in the loan agreement between the Company and Tagehus. Payment for subscribed shared based on warrants shall be made through cash payment or by set-off claims, under the conditions stated in Chapter 14 Section 48 of the Swedish Companies Act.
The warrants may be exercised during a period from the registration of the warrants with the Swedish Company Registration Office up to and including 29 September 2020. It is set out in the loan agreement between the Company and Tagehus that Tagehus only may exercise 562,608 warrants of Series 1 insofar the strike price corresponds to accrued interest on the loan from Tagehus to the Company.
If all warrants of Series 1 are exercised, the Company's share capital will increase with SEK 306,260.80 and the number of shares with 3,062,608. The issue proceeds would in that case total SEK 61,252,160.
No. 2 2017/2020 ("Series 2")
A total of 1,250,000 warrants of Series 2 have been issued to Tagehus with deviation of the shareholders' preferential rights. The reason for the deviation from shareholders' preferential rights is that the Company has undertaken to carry out the issue as part of the mentioned loan agreement. The warrants are issued free of charge and each warrant entitles the holder to subscribe for one new share in the Company for a subscription price corresponding to the shares' quotient value at the time for subscription. The subscription price corresponds with the share's quotient value and has been determined in the loan agreement. Payment for subscribed shares based on warrants shall be made through cash payment or by set-off claims, under the conditions stated in Chapter 14 Section 48 of the Swedish Companies Act.
The warrants of Series 2 intends to compensate Tagehus for the dilution Tagehus may suffer if the Company makes a rights issue or private placement based on a subscription price lower than SEK 20 per share before 30 September 2020. Hence Tagehus may only exercise warrants of Series 2 to the extent necessary to compensate Tagehus for such dilution pursuant to the loan agreement. The warrants may be exercised during a period from the day of registration of the warrants with the Swedish Company Registration Office up to and including 29 September 2020.
If all warrants are exercised, the Company's share capital may increase with SEK 125,000 and the number of shares with 1,250,000.
For more information, please contact:
John Vestberg, President and CEO
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OSLO, Norway, Dec. 13, 2017 /PRNewswire/ -- LINK Mobility Group ASA ("LINK"), one of Europe's leading and fastest growing providers of B2C mobile messaging and mobile services, has today entered into a definitive agreement for the acquisition of the Swiss mobile messaging business ("Horisen Messaging") from the Swiss mobile messaging company Horisen AG.
Horisen AG was established in 2001, and is located in Rorschach, Switzerland. Horisen Messaging has a strong position in the Swiss market and is one of the leading mobile messaging providers in Switzerland with a strong footprint delivering services to more than 175 countries globally.
"I am really happy to announce that we have acquired Horisen Messaging the leading mobile messaging provider in Switzerland with more than 30% market share and a strong international network. We look forward to become the leading mobile messaging and solutions provider in Switzerland and to continue developing the Swiss market with existing and new services going forward." says Arild E. Hustad, CEO of LINK.
"I am very happy that our messaging customers will be in very good hands with LINK Mobility in the future and that HORISEN AG can now focus 100% on its software business. This transaction is a real win-win situation for LINK Mobility and HORISEN AG. I am also very pleased that LINK Mobility decided to continue using for HORISEN Messaging AG the award-winning messaging platform software of HORISEN AG, to take advantage of its powerful features thus strengthen its competitiveness in the messaging business" says Fabrizio Salanitri, CEO of HORISEN AG.
The transaction will be structured as an acquisition by LINK of Horisen Messaging AG, a carve-out from Horisen AG, that upon closing will hold the Horisen Messaging business. The agreed enterprise value of the transaction is EUR 9.0 million, on a cash-free and debt-free basis. The enterprise value is based on a normalized EBITDA for 2017 of EUR 1.8 million multiplied by a factor of 5.
The purchase price under the transaction will, subject to customary adjustments, be settled as follows:
- 57% of the purchase price in cash upon closing,
- 43% of the purchase price in shares upon closing
The transaction is expected to close on 5 January 2018.
The cash part of the transaction will be fully financed through LINK's corporate fund and bond.
Aabø-Evensen & Co Advokatfirma AS and Ernst & Young AG, Switzerland has acted as legal advisors to LINK Mobility Group ASA in connection with the transaction.
For further information, please contact:
Arild Hustad, CEO
LINK Mobility Group ASA
Mob: +47 95 24 19 30
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MUNICH, December 13, 2017 /PRNewswire/ --
Wirecard, the international provider of digital financial technology, is facilitating credit card acceptance for Africa's largest online travel agent Travelstart. With this, Travelstart customers can use their credit cards to pay online for flights, hotels, car rentals and complete journeys.
Founded in Sweden in 1999, Travelstart has focused on emerging markets mainly in Africa and Middle East from its headquarters in South Africa since 2006. The portal offers users real-time access to thousands of flights. Two millions users from 16 countries take advantage of the reservation portal's offers every month.
Current tourism trends are showing that Africa is increasingly becoming an attractive tourism destination. Growing at a rate of 6.5% per year, the total number of international tourist arrivals to Africa reached 18.6 million during the first half of 2017. Moreover, Africa is attracting young net-savvy target groups interested in adventure travelling and eco-tourism. The millennials - used to research, book and pay their trips online - are building an important part of Travelstart's customer base. Due to the collaboration with Wirecard, Travelstart is strengthening their connection to this target group with state-of-the-art digital credit card payments.
Jan Rübel, Head of Sales Travel and Transport at Wirecard: "Through this partnership with Travelstart, we are providing customers with flexible, fast and secure solutions for holiday payments. We are delighted to offer decisive added value to all tourists in a dynamic market such as Africa within the scope of this collaboration."
Lasse Vinther, Corporate Development at Travelstart, adds: "As a One Travel Agency in Africa and Middle East, we face increasing complexity and fragmentation in connection with payment processes. These must be quick and uncomplicated while complying with the highest possible encryption standards to ensure data security. We are therefore particularly pleased to have found a partner in Wirecard who meets these demands in full."
Wirecard AG is a global technology group that supports companies in accepting electronic payments from all sales channels. As a leading independent supplier, the Wirecard Group offers outsourcing and white label solutions for electronic payments. A global platform bundles international payment acceptances and methods with supplementary fraud prevention solutions. With regard to issuing own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licences for card and account products. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI). For further information about Wirecard, please visit http://www.wirecard.com or follow us on Twitter @wirecard.
Founded in 1999 in Sweden, Travelstart started up in South Africa in 2006 to focus on the emerging market opportunity. Travelstart addresses complexities in the African travel market by directly accessing local supply, solving language and currency problems as well as the diverse plethora of payment methods. In addition to its technology platform which meets the need of travel bookers on mobile and desktop devices, Travelstart prides itself on delivering an exceptional service experience to its customers.
Travelstart provides travellers with real-time access to thousands of flights from all carriers and serves 2 million monthly users in 16 countries. Travelstart has offices in Cape Town, Dubai, Istanbul, Lagos, Cairo and Dar es Salaam. For more information, please visit http://www.travelstart.com.
Wirecard media contact:
Travelstart media contact:
New mobile app gives users access to financial market trading via smart signals and easy-to-use interface
BEDMINSTER, New Jersey and LONDON, Dec. 13, 2017 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP), a global provider of online trading services, today launched GetGo, an innovative financial trading app. The new mobile-only service uses a smart AI-enhanced algorithm to spot statistical trends in financial markets and provide users with compelling trading signals based on historical data.
"GetGo is an intelligent and engaging way to trade financial markets, especially for those who are interested in taking advantage of shorter-term trading opportunities but are deterred by the apparent complexity and the time commitment associated with traditional trading," commented Glenn Stevens, CEO GAIN Capital. "We're excited about the significant opportunity this product offers in bringing AI-enhanced trading strategies to new audiences."
GetGo's proprietary algorithm is the result of several years' work and tens of millions of back tests by a team of quantitative finance experts. The program uses artificial intelligence and machine learning to analyze millions of data points every hour to signal trading opportunities with strong historic track records.
GetGo will initially cover 40 markets, including FX, indices and gold. When the algorithm spots a pattern it recognizes it sends the user a signal through the app, which they can review, evaluate the potential upside and maximum downside for the trade, and decide whether to execute the trade. Users can also configure the number of signals notifications they receive based on various parameters, including signal strength, opportunity rating of the trade, and time of day.
Lex Webster, SVP Strategy, GAIN Capital added: "With GetGo we wanted to create a product that would generate high-quality trading signals based on data and statistics, while stripping back the complexities of traditional platform trading via a simplified mobile user experience. GetGo doesn't just identify dozens of new trade opportunities each day, it applies trade management rules to offer a potential upside greater than the maximum downside on each trade. These features include automatic position closure when the trade signal expires and free guaranteed stop losses on every trade. Users also have flexibility to either watch their trades unfold in real time, or set and forget with confidence that GetGo will manage their open positions."
Transparency of performance is a key part of the GetGo offering. The app provides account level performance data as well as overall win/loss rates and best and worst signals. GetGo is now available in the United Kingdom on the Apple App Store and will be available in the Google Play Store in the coming months. The Company has plans to rollout GetGo in additional markets throughout 2018.
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GAIN Capital launches AI-enhanced trading app @GetGoTrade that strips out many of the complexities usually associated with financial markets #trading #fintech #signals http://www.getgo.trade/
About GAIN Capital
GAIN Capital Holdings, Inc. provides innovative trading technology and execution services to retail and institutional investors worldwide, with multiple access points to OTC markets and global exchanges across a wide range of asset classes, including foreign exchange, commodities, and global equities. GAIN Capital is headquartered in Bedminster, New Jersey, with a global presence across North America, Europe and the Asia Pacific regions. For further company information, visit www.gaincapital.com.
GetGo is a unique algorithm-based trading app that delivers a totally new way to trade. It's the latest offering from GAIN Capital, a global leader in online trading.
GetGo's algorithms analyse millions of data points every hour to produce trade signals on 40 markets including FX, indices and gold. When GetGo spots a pattern that has historically led to a consistent outcome, it pings the user a signal they can trade in a couple of taps. The trade signals are packaged up with smart risk management rules to deliver a trading experience with protected downside through the use of guaranteed stop losses on every trade.
The GetGo app is designed to be simple and fun to use, and allows new traders to get started with as little as £10. For further information or to register for a GetGo account visit www.getgo.trade.