ZetaDisplay: SEK 80 million funding secured - closing condition for the acquisition of ProntoTV AS fulfilled


Sweden, 2016-09-21 11:45 CEST (GLOBE NEWSWIRE) --  

On 22 August 2016, ZetaDisplay entered into an agreement regarding the acquisition of ProntoTV AS, the largest supplier of Digital Signage in Norway. The acquisition was conditional upon full financing being obtained, a condition which ZetaDisplay has now fulfilled through debt financing amounting to SEK 30 million and a directed issue of units in the amount of SEK 50 million. Closing will take place on 28 September 2016.

 

For more information please contact:

ZetaDisplay AB (publ)
CEO Leif Liljebrunn
Tel: +46 70 845 80 52
Email:
leif.liljebrunn@zetadisplay.com

The information contained in this press release is the type of information which ZetaDisplay is obligated to publish according to the Market Abuse Regulation. The information was caused to be published by Leif Liljebrunn on 21 September 2016 at 11:45 AM.

 

About ZetaDisplay

ZetaDisplay is a leading supplier of Digital Signage to major chains in the retailing and service sectors of the European market. The head office is in Sweden and there are sales offices located in Denmark, Norway, Finland, Estonia and the Netherlands. Since April 2011 the company’s shares have been traded on NASDAQ OMX First North Premier, using the ZETA abbreviation. The Certified Adviser is Erik Penser Bank. More information can be found at http://www.zetadisplay.com

About Digital Signage and multi-channel communication

ZetaDisplay defines Digital Signage as a system for advertising, profiling and retail store communication, which forwards audio, images and film related to retail stores and information in the public environment. A Swedish name for Digital Signage translates as digital retailing communications. Solutions based on digital displays form a large part of the market, but development is proceeding towards the utilisation of more digital channels to communicate customer offers and other information. This is a matter of solutions that are integrated into social media and web sites, and apps for smart mobile phones and tablets which create interaction with customers. Development is also progressing towards integrating solutions with retailers’ cash desks for automatic price updating and the automatic switching of offers on the digital displays.