On 8th February 2019 the Board of Directors of European Moving Technologies Ltd (EMT) decided to issue new shares in the form of an offer addressed to the public and institutional investors in Sweden, as well as to selected institutional investors in the UK (the “Offer”). This will secrete funding for the next phase of the development of EMT’s software “App a van” and “One Platform”.
European Moving Technologies AB (publ) is aiming for a market listing in 2019 and is offering investors 12 million SEK of new shares. Over the winter EMT AB agreed to a reverse acquisition by EMT Ltd in Malta, meaning that EMT AB will become a fully owned operating company of EMT Ltd.
The capital is being raised to spread company ownership to at least 300 investors in order to reach the marketplace’ requirement for listing. Raised funds will be exclusively used for the development of the company’s software and to cover the costs incurred from the present distribution. The Board intends to submit an application this autumn to take up the shares in EMT for trading on the appropriate MTF-list.