“The acquisition of CST Global was based on an aggressive growth plan, and investments in production capacity to meet the high demand we see from our customers. Therefore, it is now very pleasing that CST Global exceeded the revenue growth target and achieves a growth of 90 percent in 2017 compared with 2016″, commented Anders Storm, CEO of Sivers IMA Holding
The Board of Directors of Siver IMA has today decided, with the authorization of the AGM, to issue a new issue of 13,962,499 shares in Sivers IMA. The right to subscribe for the new shares is added to the sellers in CST Global. The total purchase price for CST Global, including the additional shares, amounts to approximately 199 MSEK.
The new shares are expected to be traded on Nasdaq First North around 21 February 2018. Following the completion of the new issue as above, the number of shares in Sivers IMA will amount to a total of 107,045,825 shares. The 13,962,499 new shares in Sivers IMA amount to an approximately 13% dilution.
Anders Storm, CEO
Tel: +46 70 262 6390
Erik Penser Bank is appointed Sivers IMA Holding AB’s Certified Adviser at Nasdaq First North.
Phone: +46 8 463 80 00
This information is insider information that Sivers IMA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication trough the agency of the contact person set out above, on February 14th, 2018 at 13.00.
Sivers IMA Holding AB is a leading and internationally renowned supplier, publicly traded under SIVE at Nasdaq First North Stockholm. The wholly owned subsidiaries Sivers IMA and CST Global develop, manufacture and sell cutting-edge chips, components, modules and subsystems based on proprietary advanced semiconductor technology in microwave, millimeter wave and optical semiconductors. Headquarters in Stockholm, Sweden. Learn more at http://siversima.com.