Clarification of press releases on November 24 and 27, 2017
November 27, 2017
Talkpool hereby publishes clarification on press releases on 24 and 27 November 2017.
On November 24, 2017, Talkpool announced that the company carried out a directed issue of shares and that payment was made by way of off-setting. The issue was directed to private lenders added in connection with the financing of the acquisition of LCC Pakistan (Pvt). Payment was carried out by way of off-setting part of outstanding loans. The purpose of the directed issue was to strengthen the company's balance sheet and liquidity by reducing loans with high interest rates.
Earlier today, November 27, 2017, Talkpool announced that it acquired the majority of the shares in Talkpool AB through the acquisition of 960 shares from IT Talks Sweden AB, owned by Stefan Lindgren. Talkpool AG's Board of Directors decided that payment should be made through issue of 50,819 shares subscribed for at the price of SEK 32.00.
In addition, the Board of Talkpool has decided to carry out a directed issue of shares to Guggenheim & Partner AG corresponding to 8,046 shares, as also mentioned in the press release of 21 August 2017, as payment for services performed in connection with the company's capital raising that took place earlier this year. The subscription price was 3.107 Swiss francs (approximately SEK 26.25) per share corresponding to a total amount of CHF 25,000.
Following registration of the above new share issues, Talkpool's share capital amounts to a total of CHF 246,539 divided into 4,930,784 shares, each share with a quota value of CHF 0.05.
For more information please contact:
Erik Strömstedt, CEO Talkpool AG
Tel: +41 81 250 2020
Talkpool is a leading company within IoT, where we deliver solutions, products and networks. Through our global delivery organization, cutting edge technical expertise in LoRa, long experience and flexible business model, Talkpool offers global companies and telecom operators high-quality services at short notice, regardless of location. Talkpool is one of the few companies with actual solutions and agreements in place in the exciting market for the Internet of Things. Read more at www.talkpool.com. Talkpool is listed on Nasdaq First North and Remium Nordic AB is the company’s Certified Adviser.
This information is inside information that Talkpool AG (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 19.00 CET on November 27, 2017.