DGAP-Adhoc: Trig Social Media AB announces completion of reorganisation


Trig Social Media AB  / Key word(s): Restructure of Company

02.10.2015 17:31

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Trig Social Media AB (Publ.) announces completion of reorganisation

Stockholm, 02 October 2015: Trig Social Media AB announces that it has
completed the group's reorganisation. This has meant that the operation of
Trig Entertainment AB in Stockholm has been discontinued.

Consequently, Trig Social Media will potentially take a loss in the third
quarter. Trig expects this to be offset by the end of the year, through its
new direction which is made up of several components: The introduction of
the Fusion Franchise system to better market its applications, the
agreement with various parties to manage different applications on a profit
share basis, new cost control measures, and future assimilations of
enterprises with complimentary services to Trig. The new direction has
already resulted in the company having invoiced over EUR1 million in
September, while the expected operational cost savings will be around EUR2
million.
 
In addition, Trig would also like to announce that to reduce overhead and
management time it agreed with the predominate shareholders to distribute,
in an approbate manner, all Trig Social Media AB shares owned by Trig Media
Group AB (TMG) to TMG's shareholders. The completion date of this is
currently unknown due to the legal procedure.

About Trig Social Media (Publ.)

Trig Social Media (Publ.) is a global social media platform provider who
has designed a range of social user-engagement product applications such as
Trig.com, Trig Money, Momentik by Trig, HeyHey, Trig TV, and Esports.

The global growth of the company's product applications is being developed
directly with users as well as via country Franchisees, affiliates, and
ambassadors.

Company Contact:
Trig Social Media AB
Phone: +46 (0) 40-60 60 284
Fax: +46 (0) 40-692 92 52
Email: info@trig.com 
P O Box 1268, S - 131 28 Nacka Strand 
Sweden

Investor Relations Contact:
GFEI Aktiengesellschaft
Phone: +49 (0) 511 - 47 40 23 11
Email: lkuhnke@gfei.de
Office Center Plaza, Mailänder Straße 2 
30539 Hannover
Germany


02.10.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Trig Social Media AB
              P O Box 1268
              13128 Nacka Strand
              Sweden
Phone:        +46 (0) 40-60 60 284
Fax:          +46 (0) 40-692 92 52
E-mail:       TRIG@gfei.de
Internet:     www.trig.com
ISIN:         SE0006027546
WKN:          A116BG  
Listed:       Regulated Market in Frankfurt (General Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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