Brief: Agile Content Receives 7.5 Mln Euro Conditional Loan From EIB

Agile Content SA

20/12/2018 07:09

Dec 20 (Reuters) - Agile Content SA  AGIL.MC :
    * SAID ON WEDNESDAY LAUNCHES 2-YEAR INVESTMENT PLAN WITH
SUPPORT
OF EUROPEAN INVESTMENT BANK
    * EIB GRANTED CO WITH LOAN DIVIDED INTO 3 CONDITIONAL
TRANCHES,
SUBJECT TO ACHIEVEMENT OF MILESTONES
    * FIRST TRANCHE OF 2 MILLION EUROS IS EXPECTED BEFORE END OF
Q2
2019
    * THE OTHER TWO TRANCHES, OF 2.5 MILLION EUROS AND 3 MILLION
EUROS
RESPECTIVELY, WILL BE AVAILABLE FOR USE DURING A PERIOD OF 30
MONTHS
    * TO RECEIVE RESOURCES CO HAS TO APPROVE ISSUANCE OF
WARRANTS
WHICH ENTITLE EIB TO SUBSCRIBE FOR CO'S SHARES REPRESENTATIVE OF
4 PERCENT OF ITS SHARE CAPITAL
    * SAYS EXPECTS BUSINESS GROWTH WITH CAGR OF SALES OF OVER 35
PERCENT, SEES FY 2020 REVENUES OF 18.9 MILLION EUROS AND FY 2020
EBITDA OF 5.3 MILLION EUROS
    * SEES FY 2019 REVENUES OF 14.0 MILLION EUROS, FY 2019
EBITDA OF
3.1 MILLION EUROS

    
 Source text: https://bit.ly/2EDZtk3
    
 Further company coverage:  AGIL.MC  
   


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