Nasdaq Riga
Announcement from the exchange

AS HansaMatrix announcement on recent private placement

Additional details on recent private placement

July 8, 2016, 2016-07-08 13:13 CEST -- During the month of June 2016 AS HansaMatrix (’The Company’) undertook a private placement of both primary and secondary shares. Key aspects of the transaction:

·         A total of 377,335 shares were allocated, of which 94,334 were secondary.

·         Pricing was fixed at EUR 6.53 per share. 

·         The shares were placed with various investors, including certain Baltic pension funds. 

Existing investor “FlyCap Investment Fund I AIF” also participated and it now has a higher post-transaction shareholding percentage in the Company.
 

The largest present shareholder, SIA “MACRO RĪGA”, a company linked to the CEO and founder, sold some existing shares during the transaction. This is in line with the long-term strategy of the founder to gradually return to their previous shareholding level of around 25% prior to the management buyout (MBO) several years ago. The MBO was undertaken to ensure the Company’s strategy to develop in-house technology by incorporating an original design manufacturing (ODM) business model into the operations. This is where meaningful growth and profitability is expected to be found rather than retaining only a standard contract manufacturing business, which typically carries lower margins.

The Company’s shares will be listed on the Nasdaq Baltic Main List by Nasdaq Riga as of July 12, 2016. In light of this AS HansaMatrix is organizing a webinar on July 11, 2016 at 15:00 (EET).

Further information on the webinar can be found here: https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=719128&messageId=901465

Investor and media contact:

Zanda Lapane
Assistant to the CEO
Phone: (+371) 6780 0002
e-mail: invest@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.