Published: 2013-02-11 08:30:00 CET
TrustBuddy AB
Company Announcement

TrustBuddy: Investors spend close to SEK 30 million securing stake in TBDY; Board approves new share issue

Stockholm, 2013-02-11 08:30 CET (GLOBE NEWSWIRE) -- TrustBuddy International AB (publ) (556510-9583) ("TrustBuddy" or the "Company") has been given an offer by new investors wanting to acquire close to 10 % of the shares in the Company. The offer is a combination of a sale of existing shares by a number of the Company's main shareholders and an issue of new shares in the Company. The combined offer is made at SEK 1.10, approximately 15% above the latest closing price before the resolution of the share issuance.

The board of directors in TrustBuddy has on 10 February 2013 resolved on an issue of new shares of a maximum 8,000,000 shares, at a subscription price of SEK 1.10 per share, for cash settlement only. The Company's share capital may thereby increase by a maximum of SEK 313,992. The 15 % premium is agreed to after negotiations with the new investors. The issue of new shares is made with the aim of securing funding for the continuing expansion of the Company's business in existing and new markets. All resolutions by the board of directors are made by the board of directors under the authorization given to the board by the annual shareholders' meeting in June 2012.

TrustBuddy will issue further information when the subscription is completed.

 

For additional information, please contact:

Jens Glasø, CEO, TrustBuddy International AB (publ)

+47 40 40 47 50, investorcare@trustbuddy.com

http://trustbuddy.com/

http://trustbuddyinternational.com/

 

About TrustBuddy International AB (pub)

TrustBuddy International AB (publ) is one of the first in the world to focus on arranging loans and capital provision between buddies in Scandinavia in an organised manner. The company is listed at NASDAQ OMX First North in Stockholm. Mangold Fondkommission AB is TrustBuddy International AB (publ):s Certified Adviser and market maker, contact number: +46 8-503 015 50.