TrustBuddy International AB
TrustBuddy: Proposed Equity Raise
TrustBuddy International AB
13.11.2014 17:03
Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.
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TrustBuddy announces EUR10m equity raise.
Further to this morning's announcement regarding
the acquisition of Italian and Dutch Peer-to-Peer Companies, Prestiamoci and
Geldvoorelkaar, TrustBuddy is pleased to announce that the raising of new
equity is already oversubscribed based on a 20% capital raise mandate.
The proceeds of the share placing will be used by EUR5m to fund the cash
consideration (and related costs) of the acquisitions of Prestiamoci and
Geldvoorelkaar, EUR2m for strategic expansion and platform development costs, and
EUR3m for working capital purposes.
The share placing is being undertaken by a book build, closing on Friday the
14th of November, in order to allow for participation by existing and new
shareholders. Liberum is to act as Placing agent to the book build, and Erik
Penser is acting as certified advisor. Further details of the book build will
be announced in due course.
Jens Glasø, CEO of TrustBuddy, commented:
'We are delighted to announce this equity raise. The acquisitions and strategic
moves into long term consumer and SME loans that this share placing will fund
are exciting steps in achieving TrustBuddy's long term strategy of being a
diversified P2P lending operator. The indications
of support for an equity fundraise from investors is sufficient to utilise the
Company's existing share issue authorisation of 20% of the existing shares in
issue.'
For additional information, please contact:
Jens Glasø, CEO, TrustBuddy International AB (publ)
Tel: +47 40 40 47 50,
investorcare@trustbuddy.com
http://trustbuddy.com/
http://trustbuddyinternational.com/
About TrustBuddy International AB (publ)
TrustBuddy International AB (publ) is one of the first in the world to focus on
arranging loans and capital provision between buddies in Scandinavia in an
organised manner. The company is listed at NASDAQ OMX First North in Stockholm.
Erik Penser Bankaktiebolag is TrustBuddy International AB (publ)'s Certified
Adviser, phone number: +46 8 463 80 00.
News Source: NASDAQ OMX
13.11.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: TrustBuddy International AB
Sweden
Phone:
Fax:
E-mail:
Internet:
ISIN: SE0001295437
WKN:
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