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Headquarters - Sweden

Formpipe Software AB
Sveavägen 168, Stockholm
Box 231 31, 104 35 Stockholm
SE - Sverige
Tel: +46 8 555 290 60
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Denmark

Lautrupvang 1
2750 Ballerup
Tel: +45 3325 6555
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France

5 rue du Chanoine Lucien Gaben
81000 Albi
Tel: +33 9 83 66 09 09
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Germany

c/o Andersen Partner Business Centre
Alsterarkaden 13, 2. OG
20354 Hamburg
Tel: +49 40 31 99 34 32
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The Netherlands

Stationsplein 105
5211 BM ‘s-Hertogenbosch
Tel: +31 73 704 0318
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USA

Formpipe, inc.
1200 US Highway 22 E Suite 2000
Bridgewater, NJ 08807
Tel : +1 908 399 7828
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UK, Cambridge

2 Burlington Park
Station Road, Foxton
Cambridge - CB22 6SA
Tel: +44 1223 872747
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UK, Nottingham

Unit 1, Isaac Newton Centre 
Nottingham Science Park
Nottingham – NG7 2RH
Tel: +44 115 924 8475
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Formpipe has entered into an agreement to acquire the remaining shares in the subsidiary Formpipe Intelligo AB

Formpipe Software AB (publ) (”Formpipe”) has entered into an agreement to acquire the remaining 35.1 per cent of the shares in the subsidiary Formpipe Intelligo AB ("Formpipe Intelligo") by issue of new shares against payment with non-cash consideration.

According to the agreement, Formpipe acquires the minority stake of 35.1 per cent of the shares in Formpipe Intelligo from Staffan Hugemark, Board member and CEO of Formpipe Intelligo, with a purchase price amounting to SEK 10.7 million. Payment shall be made with not more than 909,090 newly issued shares in Formpipe. The final number of shares in Formpipe to be paid as non-cash consideration for the shares in Formpipe Intelligo shall correspond to the volume weighted average price paid in accordance with Nasdaq Stockholm's official price list for the shares in Formpipe during the period from April 19, 2018 to April 27, 2018. Formpipe Intelligo will become a wholly-owned subsidiary to Formpipe after the acquisition.

The acquisition is conditional upon that the Annual General Meeting, intended to be held on 25 April 2018, resolves on the new issue of shares against payment with non-cash consideration. A valid resolution requires that the resolution is supported by shareholders representing not less than nine tenths of votes cast as well as shares represented at the Annual General Meeting. The terms in detail of the new share issue against payment with non-cash consideration will be included in the notice convening the Annual General Meeting, which will be published by a separate press release shortly.

For additional information, contact:
Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.