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ZignSec
Third quarter in summary
Significant events during the third quarter
ZignSec wants to inform its shareholders and other interested parties that a video presentation will be broadcasted at 9:00am CEST on November 25, 2022. The presentation will be led by ZignSec’s group CEO Alex Noton.
The purpose of the broadcast is to provide all shareholders with a presentation of the Q3 2022 interim report.
ZignSec has secured growth financing of SEK 20m with DBT Capital AB as lender. The financing will enable additional investments into new projects as well as expanding the sales team to enable further growth and working towards a positive operational cash-flow in the coming year. The annual interest rate is set at 9.95% + STIBOR 3M, the loan term is 42 months, and the first 6 months are interest-only.
Comment from Alex Noton CEO of ZignSec:
ZignSec AB (publ) announces that Glenn Mac Donald has been hired as its new Chief Sales Officer for the Group. Glenn was previously Chief Commercial Officer at International Card Services. He has extensive experience in the financial industry and has held management positions at Visa Europe, ING Bank, ABN Amro Bank, Adyen, Deloitte, and Smart2Pay.
Second quarter in summary
the corresponding quarter the year before.
Significant events during the second quarter
ZignSec wants to inform its shareholders and other interested parties that a video presentation will be broadcasted at 9:00am CEST on August 25, 2022. The presentation will be led by ZignSec’s group CEO Alex Noton.
The purpose of the broadcast is to provide all shareholders with a presentation of the Q2 2022 interim report.
ZignSec, through its subsidiary Web Shield, has signed a partnership agreement with Ethoca, a Mastercard subsidiary. This partnership enables Web Shield to offer its ready-made chargeback management platform to acquiring banks and makes the company an official Mastercard Collaboration Service Provider.
The Board of Directors of ZignSec AB (publ) (the "Company" or "ZignSec") announces the outcome of the rights issue of shares with preferential rights for the existing shareholders, announced on 25 May 2022 (the "Rights Issue"). The Rights Issue was 110 percent subscribed for with and without the support of subscription rights.
ZignSec, through its subsidiary Web Shield, has signed an agreement with Deutsche Bank, one of the world's leading financial institutions to help improve its due diligence process. The financial impact on ZignSec’s revenue will initially be limited, but with potential to increase significantly over time.
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