INFORMATION REGARDING FINANCING OF LCC ACQUISITION
Due to technicalities related to the emission and trade of subscription rights between Sweden and Switzerland, Talkpool cannot carry out the rights issue as earlier announced. Talkpool therefore plans to carry out a new issue that does not involve subscription rights. The issue will be directed to existing shareholders and the Swedish public. Talkpool’s board is committed to give preferential treatment to existing shareholders and lenders despite the administrational hurdles. A new extraordinary shareholders meeting is expected to be held around mid-September and the complete emission is expected to be completed before the end of October 2017. An invitation with further information and exact dates for the upcoming new share issue will be announced shortly.
Talkpool has through loans already received sufficient cash to close the acquisition of LCC Pakistan (Pvt) that was signed on the 21st of June 2017. Talkpool plans to close the acquisition by paying 4.0mUS$ around the 1st of September this year if all closing conditions have been fulfilled by then.
Lender information:
- Mr Sparrholm paid 11.28 mkr on 12th June and receives 0% interest
- Calypso Real Estate Ltd paid CHF 500’000 on the 19th of June and receives 6% annual interest. In addition, Mr Guggenheim receives 5% in commission payable in shares for brokering the convertible loan, which will become convertible at maximum 36 kr per share
- The guarantors paid approximately 13 mkr on the 3-4 July and receive 2% per month interest (in addition to 10% guarantee fee on the 9mkr guarantee amount)
- Mr Fresenius paid 10.5 mkr to TalkPool on the 9th of August and receives 0% interest. In addition, Mr Fresenius has paid 0.5 mkr to Sparrholm / Strömstedt
In summary, the acquisition is hence likely to be closed as scheduled whereas the issue will be delayed.
For additional information contact:
Erik Strömstedt, CEO Talkpool, erik.stromstedt@talkpool.com, Tel: +41 81 250 2020
About Talkpool
Talkpool AG is listed on NASDAQ First North. Talkpool builds, maintains and improves telecommunication networks globally. Through its cutting-edge technical expertise, long experience and agile business model, Talkpool offers global telecom vendors and operators high-quality services on short notice no matter the location. Moreover, Talkpool is one of few companies with actual solutions and contracts in place in the exciting IoT-market. Remium Nordic AB is Talkpool’s Certified Advisor.
This information is inside information that Talkpool AG 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 14:00 CET on August 21, 2017.
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