TYRILL AB has notified SPARK Technology A/S that a sale of shares in JengaX AS is requested replaced by a possible asset purchase agreement with JengaX AS
Company Announcement No. 130
Tyrill AB has today notified SPARK Technology AB that the agreement of the sale of shares is terminated and has suggested that this agreement is replaced with an acquisition of the assets in JengaX which means that for MSEK 8 out of MSEK 210 of the agreed consideration in shares that would have been received by SPARK Technology A/S. An agreement of sale of assets in JengaX will require an approval by the board of directors in JengaX AS as well as an approval from the general meeting in JengaX where SPARK Technology A/S currently owns 43 % of the shares.
Due to, that negotiations with JengaX has not been finished and agreed upon, SPARK Technology A/S that is not a part in such agreement can’t at this time give any additional information about the outcome of the contents in such agreement.
Certified Adviser
Company’s Certified Adviser is Baker Tilly Corporate Finance P/S (CVR-nr. 40073310), Poul Bundgaards Vej 1, 1., DK-2500 Valby, tlf. +45 3345 1000
For further Information, please contact:
Jens B. Glaso, CEO SPARK Technology A/S. Phone +47 40 40 47 50, e-mail: jens@spenn.com
SPARK Technology A/S
CVR nr.: 26518199
Njalsgade 76, 4.
2300 København S
Tel: +45 8830 000
About SPARK Technology A/S
In a world where 1.7 billion people are still unbanked, SPARK Technology has democratized access to financial markets by bridging the crypto sphere with traditional finance. By utilizing blockchain technology the company has created a robust real-time payment system in which everyone can manage their savings, payments, investments and loans in an honest, transparent and secure way through the SPENN App platform. Although SPARK Technology A/S is a purpose-driven company with our vision to empower people, we are also a commercial player that always strives to develop new services for our customers.
The SPENN app is an innovative and unique digital banking platform for the unbanked as well as the banked to be able to send and receive money completely cost-free, in markets where the cost of financial services is the highest in the world. SPENN is disrupting the existing mobile payment distribution channels. SPENN has launched new integrated services in the platform and expects to launch more crypto services going forward.
SPARK Technology is a technology provider to banks and governments based on a Software as a Service (SaaS) solution and has grown to become a key partner for their bank partners to drive deposits and to stay in front of innovation. SPARK Technology is helping governments regulate the unregulated utilizing new technology and visionary ideas which have ultimately solved the biggest issue within financial inclusion.
SPARK Technology A/S (under the name SPENN Technology) is listed on the Nasdaq First North Growth Market Denmark and on OTCQX in USA.
Ticker codes:
Europe – Nasdaq First North: SPENN
USA – OTCQX: SPNNF