June 9, 2017 / 7:18 AM / 2 months ago

BRIEF-ZetaDisplay buys Seasam in Finland

June 9 (Reuters) - ZETADISPLAY AB

* AQUIRES FINNISH SEASAM CONTINUING ITS JOURNEY TOWARDS BECOMING A LEADING SUPPLIER OF DIGITAL SIGNAGE IN EUROPE

* HAS ENTERED INTO AN AGREEMENT TO ACQUIRE SEASAM OY, SECOND LARGEST SUPPLIER OF DIGITAL SIGNAGE IN FINLAND

* ‍ACQUISITION IS BEING FINANCED THROUGH NEW LOANS IN AMOUNT OF MSEK 29.3, A NOTE ISSUED BY SELLERS IN AMOUNT OF MSEK 9.8, AND MSEK 4.9 FORM OF NEWLY-ISSUED COMMON SHARES​

* SEASAM EXPECTED TO DEMONSTRATE STRONG GROWTH AND CONTRIBUTE TO INCREASED PROFITABILITY DURING YEAR AS COMPARED WITH 2016

* ZETADISPLAY AB - ACQUISITION IS BEING FINANCED THROUGH NEW LOANS IN AMOUNT OF MSEK 29.3, A NOTE ISSUED BY SELLERS IN AMOUNT OF MSEK 9.8, AND MSEK 4.9 FORM OF NEWLY-ISSUED COMMON SHARES IN ZETADISPLAY.

* ZETADISPLAY IS ACQUIRING ALL OF SHARES IN SEASAM OY FOR A FIXED PURCHASE PRICE OF MSEK 43.9. NO SUPPLEMENTAL PURCHASE PRICE IS PAYABLE Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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