AVTECH Board Members and Major Shareholders Acquire 300,000 Class A Shares
AVTECH Sweden AB (publ) announces that several Board members and major shareholders have increased their holdings in the Company through the acquisition of a total of 300,000 Class A shares.
Chairman of the Board Ingvar Zöögling and Board member Martin Lagerqvist have acquired a total of 160,000 Class A shares. In addition, Board member Per Jensen has acquired 20,000 Class A shares, thereby becoming a new shareholder in AVTECH.
At the same time, existing shareholders Rune Johansson, Markus Fehrling, Niklas Fehrling and Tomas Fehrling have acquired a combined total of 120,000 Class A shares.
The shares were acquired in an off-market transaction at a price of SEK 4.28 per share.
The acquisitions reflect the continued commitment of both the Board and the Company's major shareholders and demonstrate their long-term confidence in AVTECH’s operations, strategic direction and future growth prospects.
"It is encouraging to see both the Board and our long-term shareholders increase their ownership in AVTECH. This underlines the strong confidence in the Company and its future development," says Ingvar Zöögling, Chairman of the Board of AVTECH.
For more information, please contact
Ingvar Zöögling, Chairman of the Board, +46 (0) 8 544 104 80
About AVTECH Sweden AB (publ)
AVTECH develops products and services for digital air traffic control systems. Customers are the aviation industry's various players such as airlines, airports, aviation, technology companies and aircraft manufacturers. With the help of the company's products and services, each individual flight or the entire flight operation can be optimized in terms of economy, noise and emissions, efficiency, punctuality and safety. The head office is in Stockholm. AVTECH Sweden AB (publ) is listed on NASDAQ First North Growth Market and has appointed Redeye Nordic Growth AB to certified adviser.