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ZignSec AB (publ) (“ZignSec” or the “Company”) as today completed the acquisition of Web Shield Limited, including its subsidiaries Web Shield Services GmbH, Web Shield Services Polska sp.z.o.o and 50% of Web Shield Legal Services sp.z.o.o (”Web Shield”) which was announced in a press release on June 9, 2021 (the ”Transaction”) for an up-front purchase price of approximately EUR 20.0 million, equivalent to approximately SEK 201.5 million (using the FX rate EUR/SEK on June 8, 2021).
ZignSec has signed an agreement with Trustly Group AB which means that Trustly will use ZignSec's services for improved KYC (Know Your Customer) processes. Trustly Group AB is a fintech company that provides payment solutions in real time through its technology for direct payment via bank.
Today, Trustly is used by more than 8,000 companies and by 2020 the company had a reach of over 525 million consumers and was integrated into 6,300 banks in over 30 countries in Europe, North America and Australia.
ZignSec wants to inform its shareholders and other interested parties that a company presentation has been published. The presentation is led by ZignSec's CEO Timm Schneider, Web Shield’s CEO Alex Noton and Web Shield’s CIO Christian Chmiel.
The reason for the presentation is to provide all shareholders with information regarding the acquisition of Web Shield.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.
ZignSec AB (”ZignSec”) has today entered into an agreement to acquire 100 per cent of the shares in the UK-based company Web Shield Ltd, including the subsidiaries Web Shield Services GmbH, Web Shield Services Polska sp.z.o.o and 50% of Web Shield Legal Services sp.z.o.o (”Web Shield”).
ZignSec AB (publ) (“ZignSec” or the “Company”) has today completed the acquisition of Wyzer Limited, including its subsidiary Caledo Tech Limited ("Wyzer"), which was announced in a press release on 18 December 2020 (the “Transaction”) for a purchase price of EUR 3 million, equivalent to SEK 30,390,000 (using the Fx rate EUR/SEK on 4 February 2021).
Implementation of the Transaction
ZignSec AB ("ZignSec") has today entered into an agreement to acquire 100 per cent of the Malta-based entity Wyzer Limited, including its subsidiary Caledo Tech Limited ("Wyzer").
ZignSec AB (publ) (“ZignSec” or “the Company”), has today completed the acquisition of 70 percent of the shares in the Singaporean companies Data Depot Engineering Pte Ltd. and Data Depot Asia Pte Ltd. as well as the Estonian company DataDepot OÜ (”BASIS ID Group”), which was announced through a press release on 31 August 2020 (the “Transaction”). The purchase price amounted to USD 1.2 million, equivalent to SEK 10,392,000 (according to the exchange rate as of 28 August 2020).
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, SWITZERLAND, SOUTH AFRICA, NEW ZEALAND OR IN ANY OTHER JURISDICTION WHERE SUCH RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.