Serstech CEO Stefan Sandor has purchased 3,571,429 rights on the open market. In total, Mr Sandor now owns 4,771,429 rights, which will be used to subscribe to 6.7 million new shares. Currently, Mr Sandor owns 1,200,000 shares privately and through a fully owned company.
After the rights issue has been completed, Mr Sandor’s total ownership will be 7,880,000 shares in Serstech, corresponding to 3.9% of the total amount of shares, given that the rights issue is fully subscribed.
Certified advisor to Serstech is Svensk Kapitalmarknadsgranskning AB (SKMG).
Serstech delivers solutions for chemical identification and has customers around the world, mainly in the safety and security industry. Typical customers are customs, police authorities, security organizations and first responders. The solutions and technology are however not limited to security applications and potentially any industry using chemicals of some kind could be addressed by Serstech’s solution. Serstech’s head office is in Sweden and all production is done in Sweden.
Serstech is traded at Nasdaq First North Growth Market and more information about the company can be found at www.serstech.com