TrustBuddy: Equity issue and financing agreement
Further to yesterday's announcements, TrustBuddy announces a placing of up to 65.253.713 new ordinary shares, representing up to 20% of the current issued share capital of the Company at price per share of SEK1.20, through a bookbuild (the “Bookbuild”).
The Bookbuild is to allow for participation in the Placing by existing and new shareholders, and will commence immediately following this placing announcement (the ”Announcement”). Liberum Capital Limited (“Liberum”) has been appointed as sole bookrunner in respect of the Placing.
The Company announces that it has also received a commitment for a loan facility of SEK 30 million (EUR 3.25 million).
Details of the Placing
The exact number of Placing Shares to be placed will be determined by the Company and Liberum at the close of the Bookbuild and announced by the Company shortly thereafter. Successful applicants for shares will also be sent placing letters at that time. The timing of the closing of the Bookbuild, pricing and allocations are at the discretion of the Company and Liberum.
The Placing Shares will, when issued, be credited as fully paid and will rank pari passu with the existing ordinary shares of the Company.
The Company will apply for admission of the Placing Shares to the NASDAQ OMX First North (“Admission”). It is expected that Admission will take place and that trading in the Placing Shares will commence on 27 November 2014.
The Placing is conditional upon, inter alia, Admission becoming effective. The Placing is also conditional upon the placing agreement between the Company and Liberum (the “Placing Agreement”) becoming unconditional and not being terminated.
For additional information, please contact:
Jens Glasø, VD, TrustBuddy International AB (publ)
Tel: +47 40 40 47 50
Liberum Capital Limited
Simon Atkinson and Joshua Hughes
Tel: +44 (0) 20 3100 2000
About TrustBuddy International AB (publ)
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. Erik Penser Bankaktiebolag is TrustBuddy International AB (publ)'s Certified Adviser, phone number: +46 8 463 80 00.