WESTPAY: Notice of extra-ordinary general meeting of Westpay AB and proposal for issue authorization
The board of Westpay AB has decided to convene an extra-ordinary general meeting to be held on Wednesday, June 19, 2019. Further details regarding the proposal for the extra-ordinary general meeting are stated in the notice. The notice is expected to be published in the Swedish Official Gazette (Post- och Inrikes Tidningar) and on the company’s website within the next few days.
The reason of the board’s proposal on an issue authorisation is that the board plans to resolve on a rights issue of shares during the third quarter of 2019. The intention is that the rights issue, in the case of full subscription, will bring approximately MSEK 25 – 30 to the company
Westpay continues to establish new strong and long-term customer relationships within the fintech area. The purpose for the upcoming rights issue is to accelerate the development of additional innovative products in the payment area in order to satisfy existing and new needs of the company's customers
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For additional information, please contact:
Sten Karlsson, CEO Westpay AB
Mobile: +46 70-555 6065
Email: sten.karlsson@westpay.se
Westpay’s Certified Adviser is Erik Penser Bank, phone: +46 8-463 80 00, email: certifiedadviser@penser.se
This press release contains such information that Westpay AB is required to publish in accordance with the EU Market Abuse Regulation. The information was published for public disclosure on 3 june 2019 at 08:40 CET through the agency of the contact person set out above.
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