Sdiptech AB (publ) divests InsiderLog from its support operations to Euronext

Press release
17 January 2018, 18:00

Sdiptech divests InsiderLog from its support operations to Euronext

Sdiptech's subsidiary S. Legal AB has sold 80 percent of the shares in the wholly-owned InsiderLog AB to Euronext. for a cash consideration of 5.8 million euros and an additional purchase price based on future earnings development.

S. Legal AB is part of Sdiptech's support operations. In the support operations, which is only a smaller part of Sdiptech, advisory services are offered in for example law, acquisition, communication and recruitment. In some cases, support operations include the development of products aimed at simplifying customer operations and InsiderLog is such a product.

During the end of 2016, the development of the cloud-based InsiderLog software was initiated, to facilitate the handling of inside information and logbooks in listed companies, which was complicated when the EU's new Market Abuse Regulation MAR entered into force. The product was launched in December 2016 and has acquired more than 170 listed companies, banks and law firms as customers in just over a year. Prior to the sale, InsiderLog's operations and related assets have been transferred from S. Legal AB to a newly formed company.

Jakob Holm, CEO, Sdiptech, comments:

"As part of the Sdiptech's support operations, the team responsible for legal services has developed InsiderLog to simplify their customers' operations. This product has found a new owner who sees the potential to further develop it on a European basis. Sdiptech AB has through its subsidiaries a 36 percent ownership in InsiderLog and this was a good opportunity to divest this ownership at a good return. This type of product development and transaction is positive for Sdiptech, but it is at the same time outside the Group's core business and thus does not constitute the main focus for the Group. "

Euronext is the leading pan-European exchange with nearly 1,300 listed issuers on its markets. Euronext was founded in 2000 and today operates the regulated equity and derivatives markets of Paris, Amsterdam, Brussels and Lisbon.

Sdiptech AB's ordinary Series B share is traded under the short name SDIP B with ISIN code SE0003756758.
Sdiptech AB's preferred shares are traded under the short name SDIP PREF with ISIN code SE0006758348.
Sdiptech AB's Certified Adviser at Nasdaq First North Stockholm is Erik Penser Bank. Further information is available on the company's website: www.sdiptech.com  

For additional information, please contact:

Carl Johan Åkesson, CFO, +46 708 30 70 57, [email protected]
Jakob Holm, CEO, +46 761 61 21 91, [email protected]

Sdiptech AB is a technology group with a primary focus on urban infrastructures. The Group offers deeply niched services and products for both expanding and renovating rapidly growing metropolitan areas. The company is based in Stockholm.

The information was provided, through the care of the above contact persons, for publication 17 January 2018 at 18:00 CET.