Le Lézard
Classified in: Science and technology, Business
Subject: FNC

Loan is Reduced by Sek15M


STOCKHOLM, Dec. 29, 2017 /PRNewswire/ -- Invuo Technologies AB ("Invuo") and Seamless Distribution Systems AB ("SDS") has agreed to a write down of SDS' debt to Invou with an amount of Sek15m. SDS's outstanding debt to Invuo will be reduced to Sek35m. As part of the agreement, the interest rate on the loan provided to SDS by Invuo will be increased from 8 percent per annum to 10 percent per annum. The agreed transaction will be executed before December 31, 2017.

For further information, please contact:

John Longhurst
CEO
[email protected]
+46-8-564-878-00

Martin Schedin
CFO
[email protected]
+46-8-564-878-00

This information is such that Invuo Technologies AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, at CET 08:50 on December 29, 2017.

About Invuo

Since 2001 Invuo has been providing its proprietary solutions and systems for mobile phone transactions. Invuo operates in two main business areas; mobile phone payment solutions provided through the brand MeaWallettm, and distribution of e-products. www.invuo.com

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/invuo-technologies-ab/r/loan-is-reduced-by-sek15m,c2423541

The following files are available for download:

http://mb.cision.com/Main/4815/2423541/772663.pdf

Press release (PDF)

SOURCE Invuo Technologies AB


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