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International Internet Magazine. Baltic States news & analytics Thursday, 26.04.2018, 18:23

Macro Riga reduces its stake in HansaMatrix hi-tech company

BC, Riga, 05.01.2017.Print version
Macro Riga has reduced its stake in Latvian high technology company HansaMatrix, according to a statement submitted to the Nasdaq Riga stock exchange.

On January 4 Macro Riga sold 56,100 or 3.07% of HansaMatrix shares at a price of EUR 6.85 per share.

"As a result of the transaction the free float of HansaMatrix will increase," the company's representatives said.

Macro Riga is fully owned by Ilmars Osmanis, the board chairman of HansaMatrix. According to the stock exchange information, previously Macro Riga held 64.83% of HansaMatrix shares, FlyCap Investment Fund I AIF held 22.08% and Swedbank pension funds 6.42%.

HansaMatrix share capital is comprised of 1,829,381 shares with nominal value of EUR 1.

In the first nine months of 2016, HansaMatrix consolidated turnover was EUR 11.943 mln or by 20.1% higher than in the first nine months of 2015 but the group’s profit shrank 2.2 times year-on-year to 447,507.

HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial segments and other services to high added value business segments.

HansaMatrix shares are quoted on the Main List of the Nasdaq Riga stock exchange.

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