Sensys Gatso Group, a global leader in traffic safety solutions, has promoted Saman Alae Naziri, Regional General Manager of its Middle East Region, to become a member of the global Extended Management Team.

Sensys Gatso Group, a global leader in traffic safety solutions has, through its subsidiary Sensys Gatso USA, signed a five-year, TRaaS contract extension (allowing for two additional, single year extensions) with Edgewood, FL, valued at approximately $720K USD over the contract period, corresponding to SEK 7 million.

The number of shares and votes in Sensys Gatso Group AB has increased as a result of the direct share issue resolved upon by the Board of Directors on September 9, 2020.

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The board of directors of Sensys Gatso Group AB (”Sensys Gatso” or the ”Company”) has, in accordance with the Company’s press release earlier today, with support of the authorization granted by the annual general meeting May 12, 2020, resolved on and carried out a new share issue of 53,571,475 shares (the “Directed New Share Issue”). The subscription price of the shares in the Directed New Share Issue amounts to SEK 1.40 per share. To meet the large interest in the new share issue, the Company has chosen to increase the Directed New Share Issue compared with the previously communicated intent to raise SEK 50 million. Through the Directed New Share Issue Sensys Gatso will receive proceeds amounting to SEK 75 million before deduction of transaction costs. Investors in the new share issue are a number of institutional investors, family offices and private investors.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, PART OR PARTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SWITZERLAND SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES PURSUANT TO APPLICABLE LAW. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

Sensys Gatso Group AB (“Sensys Gatso” or the “Company”) today announces its intention to carry out a directed new share issue of SEK 50 million to primarly institutional investors (the “Directed New Share Issue”).

After nearly two years of providing a fully managed, automated number plate recognition (ANPR) program to identify uninsured vehicles on Oklahoma roads, Sensys Gatso USA and the Oklahoma District Attorneys Council (DAC) are mutually parting ways with regard to this effort.

April – June 2020
- Net Sales MSEK 93.5 (96.9)
- Order intake MSEK 282.6 (141.5)
- Operating profit (EBIT) MSEK -0.9 (-8.2)
- Operating profit (EBITDA) MSEK 12.3 (4.4)
- Total Comprehensive income MSEK -17.1 (-5.1)
- Earnings per share, before and after dilution (SEK) 0.00 (-0.01)
- Cash flow from operating activities MSEK 1.8 (-2.7)

January – June 2020
- Net Sales MSEK 189.1 (175.3)
- Order intake MSEK 316.2 (241.4)
- Operating profit (EBIT) MSEK -14.6 (-20.4)
- Operating profit (EBITDA) MSEK 13.3 (4.3)
- Total Comprehensive income MSEK -12.4 (-7.1)
- Earnings per share, before and after dilution (SEK) -0.01 (-0.02)
- Cash flow from operating activities MSEK 21.7 (-23.3)

Sensys Gatso Group, a global leader in traffic safety solutions, publishes the financial report for the second quarter and first six months of 2020 at 8.30 am CET on Thursday August 20 and hereby invites to a presentation/audiocast at 10 am CET. The company’s CEO Ivo Mönnink and CFO Simon Mulder will present the financial results in English.

I samband med förvärvet av Gatso Beheer under 2015 ställdes det, som en del av köpeskillingen, ut en revers om cirka 6,8 miljoner EUR. Reversen kan under vissa förutsättningar konverteras till nya aktier i Sensys Gatso Group. Per den 30 juni 2020 uppgick utestående revers till 2,84 miljoner EUR.

In connection with the acquisition of Gatso Beheer B.V. in 2015 a vendor note of approximately EUR 6.8 million was issued as part of the consideration. The vendor loan may under certain circumstances be converted into new shares in Sensys Gatso Group. The remaining part of the vendor loan amounted to a total of EUR 2.84 million per June 30, 2020.