AI assistant
HansaMatrix — Major Shareholding Notification 2017
Jun 13, 2017
2239_rns_2017-06-13_fd0f2630-7575-42f9-b2d8-36fbbae763de.html
Major Shareholding Notification
Open in viewerOpens in your device viewer
Notification of increase of significant influence of JSC “HansaMatrix” in SIA “LightSpace Technologies”
It has been already notified, that on April 21, 2017 JSC HansaMatrix signed a joint investment agreement with KS “AIF Imprimatur Capital Technology Venture Fund” to provide next round investment of 799 365 euro and increase of participation to 33.07%.
On May 23, 2017 JSC “HansaMatrix” has signed the share purchase agreement with Hornell Teknikinvest AB regarding purchase of its owned 14.21% “Lightspace Technologies” shares. After closing of the agreement HansaMatrix will own 47.28% of share capital. Parties agreed not to disclose agreed share price.
According to IFRS and HansaMatrix finance accounting policies “LightSpace Technologies” after increase of shareholding will remain in associated company status. Its net profit results will be reflected in consolidated financial report proportionally to shareholding.
LightSpace Technologies are developing optically deep 3D image display technology with main uses in medicine, scientific visualization and AR/MR applications. The LightSpace Technologies SIA fully (100%) owns Delaware (USA) incorporated C-corporation LightSpace Technologies, Inc. which owns worldwide patents protecting developed technology.
Brief financials of SIA “LightSpace Technologies” in EUR:
| Financial year | 2014 | 2015 | 2016 |
| Net turnover | - | 11 874 | 8 199 |
| Cost of sales | - 12 208 | - 71 370 | - 15 788 |
| Gross profit | - 12 208 | - 59 496 | - 7 589 |
| Operating profit | - 47 753 | -116 778 | -140 905 |
| Net profit | - 47 435 | -117 473 | -171 378 |
| EBITDA | - 46 072 | -114 040 | -131 377 |
| Net Debt | - | - | - |
LightSpace Technologies are not involved in any court or arbitration processes that could influence of a business.
There has been an ongoing product development and engineering services agreement between LightSpace Technologies and HansaMatrix Innovation which is 100% R&D subsidiary of JSC HansaMatrix.
Investor and media contact:
Zanda Lapāne
Assistant to the CEO
Phone: (+371) 6780 0002
e-mail: [email protected]
http://www.hansamatrix.com
About AS HansaMatrix
HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial segments and other services to high added value business segments. In addition to complete manufacturing services of OEM products, the company offers an ODM business model to both start-up and established companies that seek product development partnerships