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BRIEF-C Security: main shareholders of company sign LoI to establish subsidiary together with Stein Revelsby
October 17, 2016 / 2:37 PM / in 9 months

BRIEF-C Security: main shareholders of company sign LoI to establish subsidiary together with Stein Revelsby

1 Min Read

Oct 17 (Reuters) - C Security Systems AB :

* Main shareholders of C Security Systems AB have signed a Letter of Intent to establish a subsidiary of company together with Stein Revelsby

* C Security Systems AB is to hold 51% and Stein Revelsby 49% stake in subsidiary

* Aim is to later conduct a private placement in subsidiary to a group of external investors, which will reduce proportion of C Security Systems AB share through dilution

* In a longer perspective, goal is to list subsidiary separately and in connection with listing distribute company's share of subsidiary pro rata to C Security Systems shareholders

Source text: bit.ly/2e1e0KW

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