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The divestment is in accordance with GU Venture’s exit strategy as a state seed investor to undergo, in an orderly fashion, those of its holdings that have developed well and where a stable and long-term ownership base has been established. After the transaction, GU Ventures owns 4.99%.
The Board of Directors of SeaTwirl AB (“publ”) hereby proposes the election of Jens Tommerup as new Chairman of the Board of SeaTwirl. As SeaTwirl enters a new phase with increased focus on commercialization, the current Chairman of the Board Roger Cederberg, has decided to withdraw. Also, founder Daniel Ehrnberg withdraws from the Board to focus on the company’s technical development as a technical specialist.