Brief: Cyber Security 1 Secures Short-Term Liquidity Loan of EUR 300,000

Cyber Security 1 AB

29/05/2020 07:42

May 29 - Cyber Security 1 AB  CYB1.ST :
    * SAID ON THURSDAY CONFIRMS THAT IT HAS SECURED A LOAN TO
PROVIDE
OPERATING CAPITAL FOR THE CONTINUING BUSINESS OPERATIONS OF THE
COMPANY WHILST IT UNDERGOES A COMPANY RESTRUCTURE
    * THE LOAN TO THE COMPANY IS UNDERTAKEN BY EXISTING
SHAREHOLDERS
WHO HAVE AGREED TO FUND THE COMPANY WITH €300,000 AT AN INTEREST
RATE OF 4% P.A
    * THE LOAN IS TO BE REPAID BY THE COMPANY IN FULL BY THE
31ST DECEMBER 2022 
    * THE LOAN WILL NOT CARRY ANY INTEREST FOR THE FIRST YEAR OF
THE
TERM AND ANY ACCRUED INTEREST THEREAFTER IS REQUIRED TO BE PAID
ONLY ON THE DATE OF THE FINAL REPAYMENT OF THE LOAN

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNEb2lvmf
    
 Further company coverage:  CYB1.ST  
   


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