Reference is made to Stock Exchange announcement from November 1st 2018, according to which Sýn and the Faroese company Tjaldur had agreed heads of terms in relation to a merger of Hey, a subsidiary of Sýn, and the Faroese IT company Nema, a subsidiary of Tjaldur.
The transaction was subject to several prerequisites, all of which have now been fulfilled. The transaction will thus take place and be effective as of January 1st 2019.
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Source: Sýn hf. via Globenewswire