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
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