Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Finans |
| Industri | Övriga finansiella tjänster |
White Pearl Technology Group AB (publ) ("WPTG") has today entered into an agreement regarding the acquisition of, and taking possession of, all shares (the "Shares") in Nuport Sverige AB ("Nuport"). The seller of Nuport Sverige AB will receive newly issued shares in WPTG through a directed share issue.
Nuport is one of Sweden's leading SAP consultancies and brings 15 skilled technology consulting professionals and established customer relationships in the Swedish market. The integration enables WPTG to leverage its extensive global delivery network of over 400 consulting professionals across India, Egypt, South Africa, and Zimbabwe into the Nordic market, where this sector currently represents approximately 45% of the Group's revenue.
The consideration will be paid through a directed share issue of 238,854 shares at SEK 5.97 per share (based on 10-day VWAP), representing a value of SEK 1,500,000. The shares issued as consideration are subject to a 12-month lock-in period with a staged release of 25% per quarter. WPTG is now taking an important strategic step in its Nordic expansion strategy, providing a platform for expansion in the region.
Nuport is a modern, multifaceted consultancy based in Sweden, with particular expertise in SAP solutions and services. The organisation is driven by diverse perspectives, backgrounds, and experiences, with deep knowledge across multiple industries. Nuport supports organisations through digital transformation journeys, offering a full spectrum of enterprise consulting services and SAP implementation expertise.
"This acquisition marks a significant milestone in our Nordic expansion strategy. Nuport's strong local presence and expertise complement our global capabilities perfectly, allowing us to serve customers across the Nordic region better," says Marco Marangoni, CEO of White Pearl Technology Group.
"Joining WPTG opens exciting opportunities for both our team and customers. We can now offer an expanded range of services and leverage WPTG's global resources while maintaining our commitment to excellence in consulting services," says Mikael Gavelin, CEO of Nuport, who will continue leading the operation during the integration phase.
The transaction, in brief
● WPTG has acquired and taken possession of the Shares today, December 5, 2024.
● The consideration will be paid through a directed share issue of 238,854 shares at SEK 5.97 per share, representing a value of SEK 1,500,000.
● Based on the authorisation granted by the Extraordinary General Meeting on November 8, 2024, the Board of Directors has today resolved on a new share issue to the seller of Nuport, with deviation from the shareholders' preferential rights.
● The shares issued as consideration are subject to a 12-month lock-in period with a staged release of 25% per quarter.
● Following the registration of the new shares, WPTG's share capital will increase from SEK 597,832.84 to SEK 603,360.48.
● The share issue represents a dilution of approximately 0.9% for existing shareholders.
Directed Issue
The Board of Directors has based on the authorisation granted by the Extraordinary General Meeting on November 8, 2024, today resolved on a directed share issue of 238,854 shares in WPTG, with deviation from the shareholders' preferential rights, at a subscription price of SEK 5.97 per share. The reason for the deviation from the shareholders' preferential rights is that the acquisition is in accordance with the Company's strategy and that it is considered to be most beneficial for the Company and its shareholders. Following the registration of the issue, the total number of shares in the Company will increase accordingly. This gives a dilution for existing shareholders of approximately 0.9 per cent.
For more information:
Marco Marangoni, CEO White Pearl Technology Group AB (publ) Phone: +598 93 370 044 E-mail: marco.marangoni@whitepearltech.com
Investor Relations White Pearl Technology Group AB E-mail: ir@whitepearltech.com Phone: +46 707 340804
About Nuport
Nuport is a modern, multifaceted consultancy based in Sweden, with particular expertise in SAP solutions and services. The organisation is driven by diverse perspectives, backgrounds, and experiences, with deep knowledge across multiple industries. For more information, see www.nuport.se.
About WPTG
White Pearl Technology Group AB (WPTG) is a global technology company specialising in digital transformation solutions. With a presence in over 30 countries and a team of more than 650 experts, WPTG helps organisations navigate the complexities of the digital age. For more information, see www.whitepearltech.com.
White Pearl Technology Group AB (publ) is listed on the Nasdaq First North Growth Market. The Company's Certified Adviser is Amudova AB, Box 5855, SE-102 40 Stockholm, Sweden, tel: +46 (0)8-546 017 58, info@amudova.se.
This information is information that White Pearl Technology Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above on December 5, 2024.