The Board of Directors of Tobii today announced that it is conducting a review of the group's structure and has initiated work intended to prepare for a public listing of Tobii Dynavox, following distribution of its shares to the shareholders of Tobii, in accordance with the rules of Lex Asea[1].
Tobii's Board of Directors believes that a split of
Since its inception 20 years ago, Tobii has built three strong divisions, Tobii Dynavox,
"We believe the time is right to create two separate publicly listed companies would enable increased focus on fulfilling their individual missions and delighting customers. I am pleased that we have reached the point where we are ready to take this step." said
"The Board of Directors and Management have for many years seen a split as a natural evolution of the company in order to maximize potential and long-term shareholder value. By splitting Tobii, two clean-cut investment alternatives are formed, both with exciting futures and strong differentiated investor appeal." said
In recent years, the collaboration between
Tobii's Group CEO,
The Board of Directors announces that
"After 20 years at the helm, this split provides a natural opportunity for me to hand over the CEO role to not only one, but two new strong forces." said
In relation to the planned integration of
Two strong companies
Tobii Dynavox is the world's leading supplier of assistive technology for communication with the broadest and most advanced portfolio of solutions and service capabilities in the industry. It has close to 40% share of the total global market for assistive technology for communication. In 2020, Tobii Dynavox revenue was
Timeline
If preparation activities and market conditions permit, the intent is to distribute and publicly list Tobii Dynavox in the fourth quarter of 2021. In the event of a distribution of Tobii Dynavox, the shareholders of Tobii will receive shares in Tobii Dynavox in proportion to their shareholding in Tobii. Tobii intends to provide an update on the preparations and more detailed timeline in connection with the second quarter 2021 results. There is no guarantee that a final decision to pursue the Lex Asea distribution and subsequent listing of Tobii Dynavox will be taken.
Webcast invitation
Tobii published its results for the first quarter on
Tobii's Group CEO
- Time:
Thursday April 29, 2021 ,10.30 a.m. CEST - Webcast: Link to the webcast
Please make sure you are connected to the webcast by logging in and registering to the Microsoft Teams service a few minutes before the presentation begins. It will be possible to ask questions via the chat. If you wish ask questions verbally, please send a request to IR@tobii.com.
The presentation material will be available via Tobii's website. The interim report and a recording of the webcast will be available on the same page after the publication and webcast.
This information is information that
[1] The Lex Asea provision provides tax exemption for the distribution of shares in subsidiaries in certain cases.
[2] The year 2020 is excluded as revenues were severely affected by the pandemic
Contact
About Tobii
Tobii is the global leader in eye tracking. Our mission is to improve the world with technology that understands human attention and intent. Tobii operates through three business units: Tobii Dynavox makes specially designed computers that are controlled by eye movement or touch screens for use by people with special needs due to spinal cord injuries, CP, ALS or other medical conditions. Tobii Pro develops and sells eye tracking equipment and services used today by more than 3,500 companies and 2,500 research institutions, including 98 of the world's 100 highest ranked universities. Tobii Tech supplies eye tracking technology for integration into consumer electronics and other products such as personal computers, virtual reality headsets, healthcare applications, and more. Tobii is headquartered in
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