TrustBuddy completes the new share issue in connection with the acquisition of Geldvoorelkaar
TrustBuddy has previously announced the acquisition of Geldvoorelkaar, the first platform for P2P lending with a license granted by the Dutch financial authority (AFM). Geldvoorelkaar provide a professional and established alternative funding source for small and medium-sized enterprises (SMEs).
The previous board of TrustBuddy have with the sellers, as part of the purchase agreement, agreed that the acquisition will take place through issuance of shares in TrustBuddy International AB (publ) ("TrustBuddy International"). The new Board elected at the General Meeting on 17 November, therefore, as part of the previous Board decisions relating to the acquisition, under the authorization from the General Meeting, has decided to issue 22,432,116 shares of TrustBuddy International corresponding to a share capital increase of SEK 880,456.444489.
The shares that are included as part of the purchase agreement will be subject to trading restrictions that expire in January 2016 for 50 percent of the shares and in January 2017 for the remainder.
For more information please contact:
Linus Lönnroth, CEO TrustBuddy International AB (publ)
tel + 46 8 562 59 600
TrustBuddy International AB (publ),
111 46 Stockholm, Sweden
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.