AS HansaMatrix associated company SIA Lightspace technologies increases share capital

Riga, 2018-05-22 11:32 CEST (GLOBE NEWSWIRE) -- On May 08, 2018 AS HansaMatrix associated company SIA Lightspace Technologies increased its share capital by issuing 7 186 new shares. After increasing the share capital, it amounts to 13 871 EUR and consists of 13 871 shares.

The share capital was increased by:

• KS BaltCap Latvia Venture Capital Fund acquiring 4 300 new shares in SIA Lightspace technologies, making a contribution in the form of 34.33% or 1 117 equity shares of SIA EUROLCDS, in the amount of 892 501.48 EUR;
• AS HansaMatrix acquiring 2 386 new shares of SIA Lightspace technologies by making a contribution in the form of 11.06% or 360 equity shares of SIA EUROLCDS shares in the amount of 287 646.06 EUR and making 483 000 EUR contribution in cash from AS HansaMatrix operating activities cash flow;
• AS HansaMatrix Chairman of the Board, Ilmars Osmanis, acquiring 500 shares of SIA Lightspace Technologies, by making investment in cash in the amount of 500 EUR.

After the share capital increase, the distribution of the share capital of SIA Lightspace technologies for the shareholders of the Company is the following:

44.08% KS "BaltCap Latvia Venture Capital Fund";

39.99% AS HansaMatrix;

9.34% KS "AIF Imprimatur Capital Technology Venture Fund";

3.60% Ilmārs Osmanis.

2.99% KS "AIF Imprimatur Capital Seed Fund";

After the transaction SIA Lightspace technologies has acquired 76.12% of the shares of the main supplier SIA EUROLCDS, ensuring optimal business structure and reducing supply chain risks. The remaining 23.88% SIA EUROLCDS is owned by the Swedish company Hornell Teknikinvest AB.

Investor and media contact:

Māris Macijevskis, CFA
Member of the Management Board, Finance director
Phone: (+371) 6780 0002
E-mail: invest@hansamatrix.com

About JSC “HansaMatrix”

HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial segments and other services to high added value business segments. In addition to complete manufacturing services of OEM products, the company offers an ODM business model to both start-up and established companies that seek product development partnerships.