Brief: TargetEveryOne Signs Loan Agreement Of SEK 10 Mln

Spectrumone AB (publ)

19/12/2019 11:46

Dec 19 (Reuters) - TargetEveryOne AB (publ)  TEONE.ST :
    * TARGETEVERYONE TO ACHIEVE POSITIVE CASH FLOW BY LOAN AGREEMENT AMOUNTING
    * SIGNED LOAN AGREEMENT WITH LARGEST SHAREHOLDER JÖRNS BULLMARKNAD AMOUNTING TO 10 MILLION
SEK
    * AGREEMENT  IN ORDER TO ACHIEVE POSITIVE CASH FLOW
    * YEARLY INTEREST RATE IS 10 %
    * LOAN WILL BE PAID OUT IN INSTALMENTS UNTIL MARCH 31, 2020
    * LOAN WILL BE SET OFF AGAINST A DIRECTED ISSUE OF CONVERTIBLES TOTALLING 10 MILLION SEK
PLUS
ACCRUED INTEREST
    * CONVERTIBLE BONDS CARRY A 10 % ANNUAL INTEREST RATE AND CAN UNTIL MARCH 31 2022, BE
CONVERTED
INTO SHARES IN TARGETEVERYONE

Source text for Eikon:  ID:nObicd8B3a 
Further company coverage:  TEONE.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))