Skip to main content

Cyber Security 1 AB: Applies For Company Reorganisation, Whilst Continuing Operations

Written by Customer Service on . Posted in Public Companies.

CYBER1 Applies For Company Reorganisation, Whilst Continuing Operations London United Kingdom – 06 May 2020 – Cyber Security 1 AB (Publ) (the “Company”) (“CYBER1”) (Nasdaq First North: CYB1), has today announced that, in light of current general trading conditions, the Company has decided to apply to the Stockholm District Court to approve an application for admission into a company reorganisation process.   Following formal approval of admission, the CYBER1 group will throughout the reorganisation process trade as normal and such process will not affect the status of the Company as a listed entity on the Nasdaq First North Growth Market exchange.It is anticipated that the process may last up to a period of 3 months during which period the Company will benefit from a moratorium from any formal action by a creditor against the Company.  The period may be extended, by application of the Company to court, if a compromise with its creditors is not obtained before the end of such period.The Board of Directors believe that its chosen course of action is the most effective mechanism to stabilise the business at this challenging time and to begin the route to achieving long term profitability for the Company.Information on the date and time of any creditor meetings at the Stockholm District Court will be communicated in due course by the Court appointed reconstructor.The Company has requested Swedish law firm, Carler Law, be appointed to lead the process.This information is information that CYBER1 is obliged to make public, pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 6 May 2020 at 17:30 CET.Certified AdviserMangold Fondkommission AB is the Company’s Certified Adviser.
Telephone: +46 (0)8 5030 1550 E-mail: info@mangold.seFOR FURTHER INFORMATION, PLEASE CONTACT:European Investor Relations Contact:Tim Metcalfe / Zach Cohen
CYBER1 Email: cyber1@investor-focus.co.ukUS-Investor Relations contact, CYBER1Matt Glover: U.S Investor Relations contact, CYBER1
Email: cyber1@gatewayir.comABOUT CYBER1CYBER1 is engaged in providing cyber resilience solutions and conducts its operations through physical presences in UK, Sweden, Kenya, South Africa, United Arab Emirates and the United States. Listed on Nasdaq First North Growth Market (Nasdaq: CYB1.ST) and as an American Depositary Receipt (OTCQX: CYBNY), the Group delivers services and technology licenses to enhance clients’ protections against unwanted intrusions, to provide and enhance cyber resilience and to prevent various forms of information theft. CYBER1 had revenues of 68.73m EUR in 2019. For further information, please visit www.cyber1.com/investors.For further information please visit: www.cyber1.comFor all company filings and reports, please visit: https://cyber1.com/cyber1-investor-information/

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.