26.11.2007
Conversion to public corporation and start of new share
offering for SYCAP Group AB (publ)
SYCAP Group AB (publ) ("SYCAP"), the financial software and online
financial services company, is pleased to confirm that the company
was converted to a public corporation on the 23rd of November
2007.
During Monday the 26th of November 2007 the company will initiate a
new share offering which will supply the company with 9 million SEK
before fees. The reason for the share offering is that SYCAP wants
to expand its resources and upgrade its permissions in order to act
on opportunities that have been presented to the company.
SYCAP is planning to list the company on a Swedish Stock Exchange
during the next 6 months.
A memorandum for the share offering can be downloaded at
www.sycapgroup.com.
Notes to Editors:
For further information, please contact: www.sycapgroup.com
John Rowe, Chief Executive Officer Tel. +44 (0)20 7870 3146 Stefan
Willebrand, Chief Operating Officer Tel. +46 (0)8 501 64 941
Notes to Editors:
SYCAP Group AB (publ) is an online financial software and services
company. The main business is to develop and license software for
the financial community as well as operating a number of financial
services.
SYCAP Group (publ) is involved in the fastest growing segment of
the financial sector. SYCAP develops complete solutions for trading
CFD, Financial Spread Betting and Foreign Exchange. SYCAP has
developed solutions for charting the financial markets on the
Internet together with automated trading systems. SYCAP offers
currency exchange online as one of Sweden's first currency brokers
on the Internet.
SYCAP Group AB (publ), Rådhusgatan 2, 541 30 SKÖVDE, SWEDEN, Org.
nr. 556697-8069