The Board of Directors of friction measurement company Sarsys has issued a press release with additional information for the Extraordinary General Meeting to be held on January 20.

Sarsys' subsidiary Asft Industries was granted company reorganization on 13 December last year.
On January 3, a creditors' meeting was held in Ystad District Court.

"No decision on whether the district court will grant continuation of the company reorganization has yet been received on January 13. It cannot be ruled out that the company reorganization fails, which would have a significant negative impact on the parent company Sarsys," the company writes.

The background is that Runway Safe owns 85 percent of the shares in Sarsys.

The number of external shareholders in Sarsys is decreasing and the trading of the share on NGM Nordic SME may be deemed insufficient to form the basis for a relevant pricing, the company claims.

Sarsys is carrying out a directed share issue to Runway Safe with a subscription price of 50 öre per share.

"The Board has made the assessment that the price of SEK 0.50 per share, based on the overall situation prevailing for the Group, is relevant. Ensuring the marketability of the issue price is a delicate task. However, taking into account the significant uncertainty that exists regarding the group's survival, the board finds that the issue price is both marketable and justified," writes Sarsys.