New major shareholder in Cryptzone Group AB (publ)

New major shareholder in Cryptzone Group AB (publ)

ID: 55197

(Thomson Reuters ONE) -


Gothenburg, 2011 June 1

Cryptzone AB is pleased to announce that Knutsson Holdings AB has purchased 200
million shares in a private placement at a price of 8.5 Swedish öre per share,
strengthening Cryptzone's working capital to 17 million SEK.

Cryptzone Group, which has acquired four companies in the last 16 months,
creating a truly global Swedish IT security company, is strengthening its
financial ability in preparation for further expansion. The company now has a
strong long-term investor who believes in the company and its future. Knutsson
Holdings will take an active role in developing the company by taking a position
on the Board.

"I am very pleased to have a very strong new capital investor who will take a
leading role in the company's development," said Peter Davin, CEO of Cryptzone
Group AB. "Knutsson Holdings have proven through past investments to be both a
long-term and highly proactive partner. The addition of Knutsson Holdings to our
new ownership structure, along with the existing long-term shareholders, gives
us an excellent platform for the company's continued expansion."

"Today we are very excited about the opportunity to take an active role in
Cryptzone Group. We think Cryptzone is a very exciting company with great
potential to develop into a major player in the market. The company is very well
positioned and is in the forefront of technology development with a number of
strong patents as well as with the fact that the Cryptzone organization is
highly competent and experienced. The company's local presence in Gothenburg is
especially positive from our perspective," says Fredrik Appelgren CFO Knutsson
Holdings AB.

In total, Cryptzone receives 17 million SEK, generated by the creation of 200
million new B shares. The total number of shares after issue is 1,062,575,916,
of which 17,667,676 are Class A shares. Knutsson Holdings AB will hold 18.82% of




the capital and 16.37% of the votes.

For more information:
Peter Davin, CEO Cryptzone Group
Email: peter.davin(at)cryptzone.com
Tel: +46 701 - 839 199

About Knutsson Holdings AB:
For more information, please visit www.knutsson.se.

About the Cryptzone Group:
The Cryptzone Group is a technology innovator of proactive controls to mitigate
IT security risk. We bring together the people, processes and technology to
mitigate information security risks identified in the four key areas of Policy
Compliance, Content Security, Secure Access and Endpoint Security. Headquartered
in Sweden, the company has offices in the UK, USA and Poland, as well as an
extensive partner network with more than 150 global partners. For more
information about the company and its solutions, visit www.cryptzone.com.

Cryptzone's share is listed on First North, Sweden, the Nordic alternative
market operated by NASDAQ OMX. Certified Adviser is Thenberg & Kinde
Fondkommission AB.




Press Release:
http://hugin.info/139230/R/1520462/456811.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Cryptzone via Thomson Reuters ONE

[HUG#1520462]


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Bereitgestellt von Benutzer: hugin
Datum: 01.06.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 55197
Anzahl Zeichen: 3842

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