Published: 2015-10-06 16:19:09 CEST
TrustBuddy AB
Company Announcement

TrustBuddy publishes prospectus and not previously disclosed financial information by reason of the upcoming rights issue

Prospectus regarding TrustBuddy AB (publ) ("TrustBuddy" or the "Company") to issue new shares with warrants (the "Offer") has been approved and registered by the FSA and is now available on the Company's website, http://investor.trustbuddy.com.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, SINGAPORE, SOUTH AFRICA, SWITZERLAND, JAPAN OR HONG KONG OR IN ANY JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THE INFORMATION IN THIS PRESS RELEASE IS NOT AN OFFER TO BUY SHARES. FOR FURTHER INFORMATION, PLEASE SEE "IMPORTANT INFORMATION" IN THIS PRESS RELEASE.

The prospectus, application form and other information about the Offer, will be available on the websites of TrustBuddy, http://investor.trustbuddy.com and Mangold Fondkommission AB, www.mangold.se.

The subscription period relating to the Offer runs from 14 October 2015 to 30 October 2015. Trading in subscription rights will take place on Nasdaq First North, between 14 October 2015 and 28 October 2015.

Not previously published financial information

The Board of TrustBuddy considers the following new financial information could potentially be considered price sensitive. The prospectus published today, under "Comments on financial information - Significant events after June 30, 2015", page 27, and "Capital structure and other financial information", page 28 states:

Significant events after June 30, 2015

"After 30 June 2015 the company took out a bridge loan of 20 million, and used the previous short-term financing solution for approximately another 14 million."  

Capital structure and other financial information

Net debt, SEK thousands 2015-07-31
A) Cash 5 176
B) Cash and cash equivalents 0
C) Easily realizable funds 0
D) Total liquidity A + B + C 5 176
E) Current receivables 20 810
F) Current bank debt 0
G) Current portion of long-term debt 0
H) Other current liabilities 50 611
I) Total current liabilities F + G + H 50 611
J) Net current debt I-E-D 24 625
K) Non-current financial bank loans 0
L) Bonds issued 0
M) Other long-term liabilities 17 110
N) Long-term indebtedness K + L + M 17 110
E) Net debt J + N 41 735

 

Equity and debt, SEK thousands 2015-07-31
Interest-bearing current liabilities 32 960
On bail 0
Against security 17 110
Unsecured credits 15 850
Total interest-bearing current liabilities 32 960
   
Interest-bearing long-term liabilities 17 110
On bail 0
Against security 17 110
Unsecured credits 0
Total interest-bearing long-term liabilities 17 110
   
Equity 78 387
Share capital 811
Reserve fund 0
Other contributed capital 145 852
Retained earnings including earnings for the period -68 276
Minority interests 0
Total equity 78 387

Financial and legal advisors

Mangold Fondkommission AB is financial advisor and Setterwalls Advokatbyrå is the legal advisor to the Company in connection with the Offer.

For further information contact:

Philip Mikal, CEO, TrustBuddy AB (publ)

investorcare@trustbuddy.com

http://investor.trustbuddy.com

About TrustBuddy AB

TrustBuddy is a leading diversified peer-to-peer group that operates in Northern Europe. The Group operates under three different brand names (Geldvoorelkaar, Crowdfunding Society and TrustBuddy). The group offers peer-to-peer financing for small and mid-sized companies and consumer loans. The company is listed at Nasdaq First North in Stockholm. Erik Penser Bankaktiebolag is TrustBuddy AB (publ)'s Certified Adviser and market maker, phone number: +46-8-463 80 00.

IMPORTANT INFORMATION

The information in this press release is not an offer to purchase, subscribe or otherwise trade in shares, subscription rights or other securities in TrustBuddy AB (publ).

This press release is not for release, publication or distribution, directly or indirectly, in or into USA, Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or any other jurisdiction where such action is wholly or partially subject to legal restrictions, or would require a prospectus, registration or other measures than what follows from Swedish law. The information in this press release may not be forwarded or reproduced in any way that contravenes such restrictions or would result in such requirements. Actions in violation of this instruction may constitute a violation of applicable securities laws.

No subscription rights, interim shares or shares have been, or will be registered under the US Securities Act of 1933, as amended, nor under any law of any other jurisdiction in the United States and may not be offered or sold, directly or indirectly, in or into the United States.


Pressmeddelande 2015-10-06_eng.pdf