United Communications Partners Inc (UCPA)

[naturalborninvestor]

Local Planet AB is now included in the corporate organizational structure as a subsidiary of Tre Kronor Media AB with 92.4% ownership (cf. p. 7 in the report). I had previously criticized that it looked like an independent company, but that is not the case!
It is also worth noting that operations in LP have not yet been included in Q2, but will in Q3. The "subscription and shareholder agreement" with LP International is also interesting.

Local Planet AB
On May 2, 2016, TKM participated in the establishing of the Swedish media company Local Planet AB (LP). LP was established with a combined capital of SEK 50,000 (approximately $6,000) in which TKM holds a controlling interest of 92.4%, which is equivalent to SEK 46,200 (approximately $5,544). LP will primarily offer media services to clients in Sweden. Operations in LP will start in July 2016.

Local Planet International Limited
On April 15, 2016, TKM, entered into a Subscription agreement and a Shareholders agreement with Local Planet International Limited, as part of participating in forming a new international media agency network. The agreements gives TKM the right to become a shareholder in the new network in March 2018. Final decision whether TKM shall execute the Subscription agreement needs to be made by the board of the Company before December 31, 2017.