The board of HiQ has resolved to issue new shares against set-off for payment of additional payment in relation to an earlier completed acquisition.
The share issue against set-off payment is done in order to settle the additional payment for the financial year 2016 in relation to the acquisition of Great Apes Oy. By the issue of 59,140 shares, the additional payment for 2016 of 0,4 MEUR (corresponding to SEK 3,8 million) is settled. Given that certain set profitability targets are met in 2017, an additional payment (in cash) of 0,2 MEUR could be paid out in 2018.
After the share issue, the total number of outstanding shares and votes in HiQ amounts to 54,772,245 shares.
HiQ ISSUES SHARES AGAINST SET-OFF PAYMENT (pdf)
HiQ International AB is required to publish this information under the EU Market Abuse Regulation. The information was released for publication by the specified contact on 15 February 2017 at 15:30 CET.