Seamless Distribution Systems releases progress report on COVID-19 situation

Due to the global spread of the coronavirus (COVID-19) and the current market situation, Seamless Distribution Systems (SDS) issues a progress report on how the company views the market and its operations.

SDS maintains a strong position despite the turbulence brought about by the coronavirus outbreak, as the company has also done in previous times of turmoil. The need and demand for technological development in the mobile industry across developing markets remain high, which has meant that SDS has not been significantly impacted by the current market downturn. The company continues to generate business. Most recently SDS announced two orders in March, worth SEK 1.7 million, from existing customers in the Ivory Coast and Congo. At present, the company has a positive outlook on the situation regarding incoming orders.

Over the last five years, Seamless has developed infrastructure and a way of working that allows our geographically distributed workforce to continue their daily work remotely. Internally, it is very common to have meetings that span over several different time zones and countries.

From its inception, SDS has had a workforce spread over several countries and time zones based on the philosophy that being closer to our customers is the best way of providing quality service. Also, Seamless believes in the corporate philosophy that small and independent teams are more motivated and provide better quality work than large offices with hundreds of people. This has pushed Seamless to extensively use video conferencing tools (Google Meets is the preferred method) to run meetings whilst ensuring that the infrastructure provided to its employees allows for remote work without any obstruction.

In India, Seamless has dedicated data center facilities with an extended private cloud that is connected by a mesh network to all its physical offices. Any employee can use a VPN to access these facilities outside the office. We host our IP and source code as well as our completely automated development process using these facilities, relying heavily on the Atlassian product suite that allows the development team around the world to continue developing and building software without any problems. Similarly, we have dedicated VPNs for all customers for production and staging setups that enable our global support and operations teams to connect to any site with enhanced security and strict access control, ensuring business continuity for revenue critical systems. Also, we have a centralized Network Operations Centre that receives automated notifications from all our client production systems and can react very quickly to unanticipated problems experienced by our customers. This central infrastructure setup and common ways of working allow us to have a margin of redundancy of personnel and systems, irrespective of geographical disturbances. For example, during religious holidays like Christmas, Ramadan or Diwali our personnel can take quality time off with support from our teams in other countries who get the same benefits during their respective holiday seasons.

All departments enjoy the same facilities from our private cloud network, be it finance or product, allowing our workforce to continue to contribute from the place best suited for them. Working from home or remotely is actively encouraged and we trust our employees not to abuse this privilege and to do their best under all circumstances. The culture of trust is fundamental to achieve ownership and initiative in a virtual organization like Seamless.

All the above has ensured that Seamless is uniquely prepared for the current COVID-19 pandemic and the confinement policies being enforced in several countries. Our teams continue to work interrupted and business continuity is maintained without any problems.

The updated strategy published by SDS in October 2019 remains unaffected and firm. Furthermore, there are opportunities for the current crisis to accelerate digitization in the emerging markets where SDS operates.

For more information contact:
Martin Schedin
Chief Financial Officer
+46 70 438 14 42
martin.schedin@seamless.se

About Seamless Distribution Systems AB (SDS)
SDS is a Swedish software company group that provides solutions and services for digital sales and distribution to private consumers through mobile operators in emerging countries. The company offers its corporate customers a comprehensive solution for digital distribution and electronic transactions processing. SDS acquired eServGlobal in July 2019. The SDS Group now has customers in all parts of the world, with a footprint in more than 50 countries, reaching over 500 million mobile users through more than 2,000,000 active point-of-sales. SDS has approximately 220 employees in Sweden, France, Romania, Belgium, Ghana, Nigeria, USA, Pakistan, India, Indonesia, South Africa, Ecuador and the United Arab Emirates. With over 30 years of experience, SDS focuses on high-level customer satisfaction and efficient operations. SDS manages over 15 billion transactions annually, worth more than 12 billion US Dollars and enables the growing population of emerging countries to become part of the mobile revolution.

SDS shares are listed on Nasdaq First North Premier.
The company's Certified Adviser is FNCA Sweden AB, phone number 08-528 00 399, email: info@fnca.se

SDS deltar på Investerarjakten

Idag kl 13.00 kommer SDS att delta i det livesända eventet Investerarjakten. Bolagets vd Tommy Eriksson kommer att presentera bolagets utveckling och framtidsplaner. Presentationen inleds kl 13.00 och kommer att sändas i Direkt Studios Youtube-kanal, i Facebook-gruppen Aktier samt på Investerarbrevet.se.


Spridningsemissionen i SDS kraftigt övertecknad - tillförs cirka 26,5 MSEK samt cirka 4 500 nya aktieägare

DETTA PRESSMEDDELANDE FÅR INTE OFFENTLIGGÖRAS, PUBLICERAS ELLER DISTRIBUERAS, DIREKT ELLER INDIREKT I ELLER TILL AUSTRALIEN, HONGKONG, JAPAN, KANADA, NYA ZEELAND, SYDAFRIKA, SYDKOREA, SCHWEIZ, SINGAPORE, USA ELLER NÅGON ANNAN JURISDIKTION DÄR SÅDAN ÅTGÄRD HELT ELLER DELVIS ÄR FÖREMÅL FÖR LEGALA RESTRIKTIONER. DETTA PRESSMEDDELANDE UTGÖR INTE ETT ERBJUDANDE ATT FÖRVÄRA VÄRDEPAPPER I SEAMLESS DISTRIBUTION SYSTEMS AB (PUBL). SE ÄVEN AVSNITTET "VIKTIG INFORMATION" NEDAN.

Det slutgiltiga utfallet i Seamless Distribution Systems AB (publ):s ("SDS" eller "Bolaget") spridningsemission som offentliggjordes den 16 september 2020 ("Erbjudandet") visar att anmälningar för teckning av cirka 2 111 000 aktier inkommit, motsvarande cirka 98,4 MSEK eller 372 procent av de erbjudna aktierna. Teckningskursen har fastställts till 46,62 SEK per aktie och antalet aktier i Erbjudandet har fastställts till 567 835. Styrelsen i Bolaget har idag beslutat om tilldelning i enlighet med de tilldelningsprinciper som framgår i det informationsmemorandum som offentliggjordes den 16 september 2020.


The directed issue of shares to the public in SDS heavily oversubscribed - the proceeds amount to approximately 26.5 MSEK and SDS welcomes approximately 4,500 new shareholders

THIS PRESS RELEASE IS NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, SINGAPORE, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION OF THIS PRESS RELEASE WOULD BE SUBJECT TO LEGAL RESTRICTIONS. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF ANY SECURITIES OF SEAMLESS DISTRIBUTION SYSTEMS AB (PUBL). SEE ALSO SECTION "IMPORTANT INFORMATION" BELOW.

The final outcome in Seamless Distribution Systems AB (publ)'s ("SDS" or the "Company") directed issue of shares to the public, that was announced on 16 September 2020 (the "Offering"), shows that applications for subscription of approximately 2,111,000 shares have been received, corresponding to approximately 98.4 MSEK or 372 percent of the shares in the Offering. The subscription price in the Offering has been set to 46.62 SEK per share and the number of shares in the Offering has been set to 567,835. The Board of Directors of SDS has today resolved on allocation of shares in accordance with the allocation principles that was set out in the information memorandum that was made public on 16 September 2020.


SDS erhåller order värd 7 miljoner SEK från en ledande mobiloperatör i Botswana.

SDS har tagit en order värd 7 miljoner SEK från en ledande mobiloperatör i Botswana. Affären kommer från en kund som ingick i förvärvet av eServGlobal i juni 2019 och avser plattformsbyte från PayMobile till SDS:s flaggskeppsprodukt ERS 360 samt ett supportavtal som löper över fem år.


SDS receives order valued at SEK 7 million from a leading mobile operator in Botswana

SDS has received an order valued at SEK 7 million from a leading mobile operator in Botswana. The order, obtained from a customer that was part of the acquisition of eServGlobal in June 2019, refers to a platform switch from PayMobile to SDS's flagship product ERS 360 and a support agreement that will run for a period of five years.


SDS får order värd 4 miljoner SEK från den största mobiloperatören i Tunisien

Seamless Distribution Systems (SDS) har erhållit en ny kund i Tunisien och samtidigt utökat sin marknadsnärvaro i regionen. Ordern involverar mjukvarulösningar som kommer att optimera mobiloperatörens distributionskedja, från onboarding av kund till distribution av produkt. På så sätt kommer snabbare leveranstider att uppnås. Ordern är värd 4 miljoner SEK och intäkterna förväntas redovisas från tredje kvartalet 2020. Ordern kommer att bidra till återkommande intäkter under kommande år.


SDS receives order worth SEK 4 million from the largest mobile operator in Tunisia

Seamless Distribution Systems (SDS) has acquired a new customer in Tunisia, expanding its market presence in the region. Valued at SEK 4 million, the order is for software solutions that will optimize the supply chain for the mobile operator from customer onboarding to product distribution to achieve fast turnaround times. Revenue from the order is expected to be recognized from the third quarter 2020 and the order will contribute to recurring revenues over years to come.


Genombrottsorder på 7,5 MSEK från en av världens största telekomgrupper

Seamless Distribution Systems (SDS) har fått en genombrottsorder värd 7,5 miljoner SEK från en av världens största teleoperatörsgrupper. Ordern har erhållits via SDS:s kenyanska partner, Baran Telecom Networks, och avser leverans av en fullskalig supply chain-lösning. Ordern är den första till denna kund och innebär, förutom expansion till en ny marknad med framtida ytterligare möjligheter, att SDS avsevärt stärker sin kundbas och produktportfölj.


Breakthrough order of SEK 7.5 million from one of the world's largest telecom groups

Seamless Distribution Systems (SDS) has received a breakthrough order worth SEK 7.5 million from one of the world's largest telecom operator groups. The order was received through SDS's Kenyan partner, Baran Telecom Networks, and involves the delivery of a full-scale supply chain solution. The order is the first from this client and means, besides expanding into a new market with many future opportunities, that SDS significantly strengthens its client base and product portfolio.


Styrelsen för SDS beslutar om spridningsemission

DETTA PRESSMEDDELANDE FÅR INTE OFFENTLIGGÖRAS, PUBLICERAS ELLER DISTRIBUERAS, DIREKT ELLER INDIREKT I ELLER TILL AUSTRALIEN, HONGKONG, JAPAN, KANADA, NYA ZEELAND, SYDAFRIKA, SYDKOREA, SCHWEIZ, SINGAPORE, USA ELLER NÅGON ANNAN JURISDIKTION DÄR SÅDAN ÅTGÄRD HELT ELLER DELVIS ÄR FÖREMÅL FÖR LEGALA RESTRIKTIONER. DETTA PRESSMEDDELANDE UTGÖR INTE ETT ERBJUDANDE ATT FÖRVÄRA VÄRDEPAPPER I SEAMLESS DISTRIBUTION SYSTEMS AB (PUBL). SE ÄVEN AVSNITTET "VIKTIG INFORMATION" NEDAN.

Styrelsen för Seamless Distribution Systems AB (publ) ("SDS" eller "Bolaget") har idag beslutat om en riktad nyemission av aktier till allmänheten om högst 2,5 MEUR, motsvarande cirka 26,5 MSEK ("Erbjudandet"), med stöd av det bemyndigande som erhölls från årsstämman den 3 juni 2020. Syftet med Erbjudandet är att få en större spridning av ägandet i Bolaget för att skapa förutsättningar för en bättre likviditet i handeln med aktien, samt tillföra Bolaget kapital för att genomföra tillväxtsatsningar samt finansiera den fortsatta förvärvsstrategin. Teckningskursen för aktierna i Erbjudandet ska motsvara den volymviktade genomsnittskursen på Nasdaq First North Premier Growth Market ("Nasdaq First North Premier") under anmälningsperioden, som löper från och med den 17 september till och med den 29 september 2020, med en rabatt om tio (10) procent.


The Board of Directors of SDS has resolved on a directed issue of shares to the public

This press release is not intended for release, publication or distribution, directly or indirectly, in or into Australia, Hong Kong, Japan, Canada, New Zealand, South Africa, South Korea, Switzerland, Singapore, the United States or any other jurisdiction where such distribution of this press release would be subject to legal restrictions. This press release does not constitute an offer of any securities of Seamless Distribution Systems AB (publ). See also section "Important information" below.

The Board of Directors of Seamless Distribution Systems AB (publ) ("SDS" or the "Company") has today resolved on a directed issue of shares to the public in Sweden of no more than 2.5 MEUR, corresponding to approximately 26.5 MSEK (the "Offering"), based on the authorization given by the annual general meeting on 3 June 2020. The purpose of the Offering is to get a wider distribution of the ownership of the Company's shares to create prerequisites for a more liquid trading in the share, as well as to finance growth investments and the ongoing acquisition strategy. The subscription price for the shares in the Offering shall be equal to the volume weighted average price for the share on Nasdaq First North Premier Growth Market ("Nasdaq First North Premier") during the application period, which will run between 17 September until 29 September 2020, with a discount of ten (10) percent.


SDS tecknar ytterligare ett återförsäljaravtal om mikrokredittjänster

SDS har tecknat ett återförsäljaravtal avseende mikrokrediter i ytterligare ett afrikanskt land. Avtalet har ingåtts med Kongos ledande mobiloperatör och innebär bland annat att SDS tar en kreditavgift som delas med operatören. Det är första gången denna typ av tjänst används i Kongo och SDS har snart tjänsten installerad hos sju operatörer på olika marknader. Avtalet förväntas bidra positivt till SDS:s återkommande intäkter från fjärde kvartalet i år.


SDS signs another reseller microcredit agreement

SDS has signed a reseller microcredit agreement in yet another African country. The agreement has been entered into with Congo's leading mobile operator and means, among other things, that SDS charges a credit fee which is shared with the operator. This is the first time this type of service has been used in Congo and SDS will soon have the service installed at seven operators in different markets. The agreement is expected to make a positive contribution to SDS's recurring revenues from the fourth quarter of this year.


SDS erhåller order till ett värde av 1,3 miljoner SEK från en ledande mobiloperatör i Nordafrika

Ordern, värd 1,3 miljoner SEK, har erhållits från en befintlig kund som kom med förvärvet av eServGlobal i juni 2019. Kunden är en ledande mobiloperatör i Nordafrika och ordern inkluderar installation av Active-Active-funktionen som en del av en plattformsförbättring samt ett plattformsbyte från PayMobile till SDS:s flaggskeppsprodukt, ERS 360°.


SDS receives order, valued SEK 1.3 million, from a leading mobile operator in North Africa

The order, valued SEK 1.3 million, has been received from an existing customer that came with the acquisition of eServGlobal in June 2019. The customer is a leading mobile operator in North Africa and the order includes the deployment of the Active-Active feature as part of a platform enhancement as well as a platform swap from PayMobile to SDS' flagship product, ERS 360°.


SDS har tagit tio nya ordrar i sex länder under sommaren

SDS har under sommaren vunnit tio nya ordrar till ett sammanlagt värde av 4,1 MSEK. Affärerna kommer från befintliga kunder som är de ledande mobiloperatörerna i Bissau, Nigeria, Rwanda, Ghana, Irak och Förenade Arabemiraten.


SDS received ten new orders in six countries during the summer

During the summer, SDS won ten new orders worth SEK 4.1 million. The orders received are from existing customers and leading mobile operators based in Bissau, Nigeria, Rwanda, Ghana, Iraq and the United Arab Emirates.


Genombrott för SDS teknik i Irak

SDS har i samarbete med ZainCash Iraq, en ledande aktör inom fintech i regionen, slutfört utbetalningen av så kallade helikopterpengar till den irakiska befolkningen till följd av COVID-19. Ordern värd 1,2 miljoner SEK från ZainCash Iraq inkluderade en mjukvarulicensförlängning och bidrog till intäkterna under andra kvartalet i år. Det är första gången SDS, med hjälp av sin teknik, stöder en regering med kontantlösa transaktioner.


Breakthrough for SDS' technology in Iraq

SDS, in partnership with ZainCash Iraq, a leader in fintech within the region, has completed disbursement of COVID-19 emergency relief funds to the Iraqi population. The order worth SEK 1.2 million, from ZainCash Iraq, included a software license extension and contributed to revenue in the second quarter of this year. It is the first time SDS, with the help of its technology, supports a government with cashless transactions.


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