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ExeoTech proposes formation of Advanced Stabilized Technologies Group AB (publ)


Thursday, 16 Jan 2014 03:45am EST 

ExeoTech Invest publ AB:Proposes formation of Advanced Stabilized Technologies Group AB (publ) (ASTG) that will acquire ExeoTech's subsidiaries, C2SAT communications AB, C2SAT Communications Technology AB, Advanced Inertial Measurements Systems Sweden AB and C2SAT Asia Pacific (Pte) Ltd.Proposes new share issue in ASTG with preferential rights for ExeoTech's existing shareholders of about 41.8 million Swedish crowns before issue costs to enable ASTG realize its full potential.Says will hold a 33-percent interest in ASTG in case the issue is fully subscribed for.Says will hold a 20-percent interest in ASTG if all warrants are subscribed for. 

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