Cinnober Financial Technology Aktiebolag (publ) (“Cinnober”) has commissioned Skandinaviska Enskilda Banken AB to investigate the possibility to carry out a directed new issue of shares in the amount of approximately SEK 100 million, subject to the approval of an Extraordinary General Meeting.
The Company intends to use the proceeds from the directed issue to finance the further development of a wholly-owned subsidiary, in which Cinnober’s operations for the sale of technology and services for real-time clearing for banks will be conducted.