Board members, new CEO and one bigger share holder together acquire 3 million shares in TagMaster

Stockholm, Sweden - Board members, new CEO and one bigger share holder together acquire 3 million shares in TagMaster. Seller is Tomas Brunberg and the shares correspond to approximately 3% of the company.

After the transaction Brunberg has 14 million shares corresponding to 13% of the share capital and he will remain as long term owner of the company. The interest in taking a bigger position has been there with the new board and management. “I am therefore convinced that the deal is positive for the company especially since TagMaster is in an exciting development phase” says Tomas Brunberg. The deal has been done at the agreed price 0,50 SEK/share.

Rolf Norberg, chairman                 

500.000 shares

Magnus Jonsson, board member

400.000 shares

Joe Grillo, board member

500.000 shares (option)

Gert Sviberg, board member

1.000.000 shares

Jonas Svensson, New CEO 

100.000 shares

Jan Westlund, bigger owner 

500.000 shares

About TagMaster

TagMaster is an application driven technology company that designs and markets advanced radio frequency identification (RFID) systems and information products for demanding environments. Application areas include vehicle access control, rail bound transportation and logistics, in order to increase efficiency, security, convenience and to decrease environmental impact. TagMaster has a subsidiary in Malaysia and dedicated agencies in the US and in China and exports mainly to Europe, Middle East, Asia and North America via a global network of partners, systems integrators and distributors. TagMaster was founded in 1994 and has its headquarters in Stockholm. TagMaster is a public company and its shares are traded on First North stock exchange in Stockholm, Sweden. TagMaster’s certified adviser is Remium AB.