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Seamless Distribution says shareholders with 30% subscribe to rights issue

Thursday 7 December 2017 | 13:15 CET | News
Seamless Distribution said that its three largest shareholders, representing nearly 30 percent of its share capital, have confirmed their subscriptions for the maximum permitted number of rights in its current rights issue. Capital raised from the rights issue will primarily be directed to funding expanded production and sales capacity at MeaWallet, but also to profitable expansions at eProducts. It will be used to fund the company's B2C exit costs, too.

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Categories: Mobile & Wireless
Companies: Seamless / Seamless Distribution Systems
Countries: Sweden / World
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