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STRO: StrongPoint announces closing of Divestment of Cash Security business, December 23, 2020

18:46 / 23 December 2020 StrongPoint Press release

23.12.2020 18:46:16 CET | StrongPoint | Additional regulated information
required to be disclosed under the laws of a member state

Reference is made to the announcement made on December 18, 2020 by StrongPoint
ASA ("StrongPoint", ticker: STRO) concerning the divestment of Cash Security
business area to Cennox Ltd. StrongPoint today announces that the first phase of
the divestment was completed on December 23 2020. The transaction includes a
performance-based earn-out for the years 2021-2023, and the final payment is
expected in January 2024. The divestment follows StrongPoint's 2025 growth
strategy to focus on instore and e-commerce retail technology.


This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.


* Hilde Horn Gilen, CFO StrongPoint ASA, +47 920 60 158,


* Download announcement as PDF.pdf
Oslo Børs

This information was distributed by Oslo Børs