TrustBuddy: Assignment of shares 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).
It has been agreed that a portion of the purchase price shall be paid by the issuance of shares in TrustBuddy International AB (publ) ("TrustBuddy International"). The Board has therefore decided to issue 22,432,116 shares in TrustBuddy International corresponding to a share capital increase of SEK 880 456.444489 and approximately 5.8 percent of the total number of shares in the Company. The issue proceeds amount to SEK 36,878,399. The new shares rank pari passu with the existing shares of the Company and will be admitted to trading on NASDAQ First North.
E.J.L Adams Holding B.V. and MHVM Beheer B.V have on the 17 December 2014 subscribed for the issued shares equally distributed between the recipients. The Board of Directors on 19 December 2014 decided on allocation in accordance with the subscription.
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 First North in Stockholm. Erik Penser Bankaktiebolag is TrustBuddy International AB (publ)'s Certified Adviser, phone number: +46 8 463 80 00.