Following an evaluation of strategic development options, HansaMatrix (the Company) has started a reorganization process to capture shareholder value and achieve strategic business development goals.

As a first step, the Company has established a subsidiary JSC “Lightspace holding” by investing in its equity as material contribution 17 445 or 67.7% shares in Lightspace Technologies owned by the Company in the amount of EUR 8 671 622 and Lightspace technologies trade receivables owed to HansaMatrix in the amount of EUR 689 646.

HansaMatrix Supervisory Board has approved the initiation of the reorganization process, whereby Lightspace holding shares owned by the Company will be separated from HansaMatrix, establishing a new acquiring company.

The separation will be subject to respecting all HansaMatrix shareholders’ rights, the rights of the company and creditors, and shall be implemented in accordance with the possible legal form.

The decision to reorganize HansaMatrix is planned to be adopted at the extraordinary shareholders' meeting in the 1st quarter of 2022. Shareholders will be informed about details of the reorganization decision at least one month in advance.

The Company will disclose further information about the reorganization process in accordance with the requirements of applicable law.

Investor and media contact:
 

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

About AS HansaMatrix

HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial and other high added value business sectors.