Seamless Distribution AB
No External funding needed for the foreseeable future after implementing new cost cuts
Seamless Distribution AB 12.12.2014 09:00 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Stockholm, 2014-12-12 09:00 CET (GLOBE NEWSWIRE) -- The Board of Directors has decided on the budget for 2015. The budget will result in further cost savings and will have the effect that Seamless will not require any new external funding for the foreseeable future. As earlier communicated, savings have already been initiated. Further cost cuts has been decided that amount to savings of 80 MSEK per year compared to 2014. For more information: Peter Fredell, CEO Seamless +46 8 564 878 00, peter.fredell@seamless.se Michael Sundin, Chairman of the Board of Directors, michael.sundin@seamless.se This information is such information that Seamless Distribution AB (publ) is required to disclose pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instrument Trading Act. The information was released for publication on December 12th, 2014 at 09.00 (CET). News Source: NASDAQ OMX 12.12.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Seamless Distribution AB Sweden Phone: Fax: E-mail: Internet: ISIN: SE0000857369 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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