The home alarm company Sensor Alarm announces that the Extraordinary General Meeting scheduled for August 27 has been canceled.

The idea was to decide on the reverse acquisition of Norrlands Online and several related decisions at the EGM. Sensor Alarm and Norrlands Online entered into a letter of intent in July and have since been working to discuss and finalize all elements of the reverse acquisition in order to submit it to the AGM for resolution.

The parties have complied with all elements of the letter of intent but today Norrlands Online unexpectedly announced that it is pulling out of the deal, and hence the EGM is canceled.

Sensor Alarm's Chairman Peter Jakobsson has also decided to resign.

- It has been an exciting but varied journey for Sensor, which has struggled with covid, recession and related economic challenges. The company has innovative and good products and my hope is that things will take off commercially in the future. I have been with the company for a long time and it is time for new blood on the board who, with new thinking and good energy, can take the company forward," says Peter Jakobsson.