Number of shares and votes in Sensys Gatso Group
As previously announced, Sensys Gatso Group has carried out a reverse share split and directed share issue which has resulted in a change in the number of shares and votes in Sensys Gatso Group.
Sensys Gatso Group has signed a new MSEK 100 facility agreement with Rabobank Netherlands for financing US Growth plan
Sensys Gatso Group, a global leader in traffic safety solutions, has signed a new facility agreement with Rabobank Netherlands for financing the US Growth plan. The facility agreement can be used for investments in the US on Fixed Assets in Operations. The facility will remain available until 31 December 2024. The withdrawals from the facility are converted into loans of SEK 25 million each with a repayment period of 5 years.
Sensys Gatso executes on its commercial strategy - releasing the financial outlook for 2023
Sensys Gatso Group, a global leader in traffic safety solutions, executes on its commercial strategy and communicates the financial guidance for the full year 2023, and confirms the financial goals for 2025. Sensys Gatso is entering a new phase and now aims to attract additional international investors. The AGM resolved on the 1:80 reversed split as the first step. The financial guidance for 2023 is the second step. The Sensys Gatso consolidated shares will be traded under the new ticker SGG from June 15, 2023.
Sensys Gatso signed a 5-year procurement agreement in the Middle East for speed and red-light enforcement systems worth SEK 152 million
Sensys Gatso Group, a global leader in traffic safety solutions, through its subsidiary, Sensys Gatso Sweden, has signed a five-year procurement agreement worth SEK 152 Million. The agreement is signed with a local partner in the Middle East region and covers speed and red-light enforcement systems. First deliveries worth SEK 16 Million are planned to be executed within 2023. Annual deliveries for the remaining four years of the agreement are expected to increase, to fulfil the needs of the customer based on this agreement.
Sensys Gatso Group announces the timetable for the consolidation of shares and change of ticker symbol
At the annual general meeting of Sensys Gatso Group AB (publ) ("Sensys Gatso" or the "Company") on May 15th, 2023, it was decided to carry out a consolidation of shares at a ratio of 1:80, meaning that eighty (80) shares will be consolidated into one (1) new share. The meeting authorized the Board of Directors to determine the record date for the consolidation. In accordance with the decision of the annual general meeting, the Board of Directors of Sensys Gatso has determined that the record date shall be June 16th, 2023. The Company will also change its ticker symbol in connection with the consolidation of shares from SENS to SGG.
Sensys Gatso Australia receives TRaffic enforcement as a Service (TRaaS) order for expansion of services in Tasmania to the value of SEK 26 million
Sensys Gatso Group, a global leader in traffic safety solutions, through its subsidiary Sensys Gatso Australia, has received multiple orders for the provision of additional Speed Enforcement and Distracted Driver Enforcement services as part of the Automated Traffic Offence Enforcement (ATOE) Program in the State of Tasmania. The orders are for a 2 year period and the combined contract value is AUD 3.6 million corresponding to approximately SEK 26 million.
Sensys Gatso receives a seven-year red light TRaaS contract from Warrington Township, Pennsylvania USA, worth SEK 26 million
Sensys Gatso Group, a global leader in traffic safety solutions, through its subsidiary, Sensys Gatso USA, has executed a seven-year base-term automated red light enforcement contract with the Township of Warrington, PA. The contract is estimated to be worth up to USD 2.4 million, corresponding to SEK 26 million. The program will include red light enforcement systems and is anticipated to begin in early fall.
Sensys Gatso receives a five-year red light and speed TRaaS contract from Marion, Iowa USA, worth SEK 44 million
Sensys Gatso Group, a global leader in traffic safety systems, through its subsidiary, Sensys Gatso USA, has executed a five-year base-term automated school zone speed enforcement contract with the City of Marion through a competitive bid process. The contract is estimated to be worth up to USD 4.1 million, corresponding to SEK 44 million. The program will include fixed red light and speed on green systems, as well as a mobile speed vehicle. The program is anticipated to begin in late June.
Sensys Gatso receives an order from Ajman for delivery of red-light enforcement systems, worth SEK 5.4 million
Sensys Gatso Group, a global leader in traffic safety solutions, through its subsidiary, Sensys Gatso Sweden, has received an order for red-light traffic safety systems with a value of SEK 5.4 million from the emirate of Ajman in the United Arab Emirates.
Annual general meeting in Sensys Gatso Group AB
Annual general meeting in Sensys Gatso Group AB was held on 15 May 2023 in Jönköping.