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Uppsala, September 13, 2013
IAR Systems has today sold 334 600 shares of series B. The buyers were a number of institutional investors, reinforcing the company's ownership base.
The proceeds from the sold shares will be used to further strengthen the company's liquidity.
After the sale IAR Systems Group does not own any treasury shares.
IAR Systems is the world’s leading supplier of software tools for developing embedded systems applications. The software enables over 19,000 large and small companies to develop premium products based on 8-, 16-, and 32-bit microcontrollers, mainly in the areas of industrial automation, medical devices, consumer electronics, telecommunication, and automotive products. IAR Systems has an extensive network of partners and cooperates with the world’s leading semiconductor vendors. IAR Systems Group AB is listed on NASDAQ OMX Stockholm. For more information, please visit www.iar.com
Stefan Skarin, CEO, IAR Systems Group AB