Brief: TargetEveryone To Buy Cloud Explorers

Spectrumone AB (publ)

18/02/2020 06:37

Feb 18 (Reuters) - TargetEveryone  TEONE.ST :
    * SAID ON MONDAY COMPLETED DIRECTED ISSUE OF SHARES,
RECEIVED A
LOAN FACILITY AND PROPOSES FURTHER LONG-TERM FINANCING 
    * ENTERS AGREEMENT ON THE ACQUISITION OF CLOUD EXPLORERS AS
    * TOTAL PURCHASE PRICE IS SEK 62.5 MILLION
    * PURCHASE PRICE WILL BE SETTLED BY SEK 50 MILLION IN CASH
AND SEK
12.5 MILLION IN SHARES IN TARGETEVERYONE AT A SUBSCRIPTION PRICE
OF SEK 1.50 PER SHARE
    * TO DECIDE ON A DIRECTED ISSUE OF UNITS (CONSISTING OF
WARRANTS
IN TWO DIFFERENT SERIES) FREE OF PAYMENT TO FORMUE NORD
MARKEDSNEUTRAL A/S AND FORMUE NORD FOKUS A/S, WHICH CAN PROVIDE
GROSS SEK 30 MILLION - 40 MILLION AT A STRIKE PRICE OF SEK 1.50
- 2.00 PER SHARE
    * ENTERED INTO A LOAN FACILITY AGREEMENT OF GROSS SEK 15
MILLION
    * SHAREHOLDERS WILL ALSO DECIDE UPON RIGHTS ISSUE OF UNITS,
FREE
OF CHARGE, TO THE EXISTING SHAREHOLDERS, WHICH CAN BRING IN THE
EQUIVALENT OF A MAXIMUM OF ADDITIONALLY GROSS SEK 90.5 MILLION

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr1V1PSy
    
 Further company coverage:  TEONE.ST  
   


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