Talkpool's Board of Directors decides, given the Extraordinary General Meeting's approval, to carry out a directed new issue of registered shares

This press release may not be published, published or distributed, either directly or indirectly, in or to the United States, Canada, Australia, Hong Kong, Japan, New Zealand, Singapore or South Africa.

PRESS RELEASE
30 August, 2017

Talkpool's Board of Directors has, subject to approval by the Extraordinary General Meeting of 19 September 2017, resolved to carry out a directed new share issue of approximately SEK 32.9 million before issue costs ("New Share Issue"). The New Share Issue is guaranteed to 81 percent. The proceeds will be used to part-finance the acquisition of LCC Pakistan (Pvt).

Due to administrative reasons related to the settlement process linked to Talkpool AG's ( Talkpool or Company ) electronic shares in Switzerland, Talkpool announced in a press release dated 10 August 2017 that the Company had decided not to pursue the rights issue with the trading of subscription rights in accordance with previous decisions published on 21 June 2017. Instead, Talkpool's Board of Directors, given the Extraordinary General Meeting's approval on 19 September 2017, has decided to carry out a directed new issue of registered shares in which existing shareholders will be prioritized in the allotment.

  The New Share Issue in summary and preliminary timetable  

  •   The subscription price in the New Share Issue is SEK 22 per registered share.   
  •   Upon full subscription of the New Share Issue, the proceeds will amount to approximately SEK 32.9 million before issue costs.
  •   The Board of Directors will give priority to investors registered as shareholders of Talkpool in the share register held by SIX SIS and Euroclear as of 22 September 2017, to subscribe for new shares in proportion to their existing shareholding.  
  • Subscription period for the New Share Issue is 25 September 2017– 9 October 2017.
    The New Share Issue is guaranteed to 81 percent through subscription undertakings and guarantees. The guaranteed amount has been lent to Talkpool
  • The New Share Issue requires the approval of an Extraordinary General Meeting which will be held on Tuesday, 19 September 2017
  • Each new registered share has the same rights as existing registered shares in the Company

Preliminary timetable
Tuesday 19 September 2017                   Extraordinary General Meeting

Wednesday 20 September 2017              Estimated date for publication of prospectus

Friday 22 September 2017                       Date to become prioritized as existing shareholder in connection with allotment of new registered shares

Monday 25 September 2017                   Subscription period begins

Monday 9 October 2017                          The subscription period ends

Wednesday 11 October 2017                  Publication of results of the New Share Issue

Friday 3 November, 2017                        Estimated 1 st trading day of new shares

Conditions for the New Share Issue
Talkpool's share capital amounts to 149,611.10 CHF before the New Share Issue, and the number of existing registered shares amount to 2,992,222. The nominal value of each registered share is 0.05 CHF. The new share issue refers to a maximum of 1,496,111 new registered shares. In addition, the board of directors will have a so-called over-allotment option to issue additional 227,273 registered shares upon transfer of the New Share Issue, which may increase the issue amount by up to SEK 5.0 million.

In total, Talkpool can thus issue up to 1,723,384 registered shares, given that the New Share Issue is fully subscribed and the over-allotment option is fully utilized. This would mean that the share capital of the Company increases by a maximum of 86,169.1864 CHF to a maximum of 235,780.30 CHF and the total number of registered shares increases to a maximum of 4,715,606.

The subscription price per registered share is 22 kr.

G uarantees
The New Share Issue is guaranteed to 81 percent through subscription undertakings of approximately SEK 23.4 million and guarantees amounting to SEK 9.0 million. The guarantee is valid up to SEK 26.6 million. The guarantee fee is 10.0 percent of the guaranteed amount and thus amounts to SEK 0.9 million. The guarantee fee will be paid in cash. In order to enable early payment of the purchase price of LCC Pakistan (Pvt), SEK 21.8 million of the subscription undertakings together with the entire guaranteed amount plus SEK 4.0 million has been lent to the Company. The loan from the guarantors has an interest rate equivalent to 2 percent per month. No interest is paid in respect of pre-paid subscription undertakings. Loans based on subscription undertakings will be set-off in the New Share Issue. Loans raised from guarantors will, if necessary, be set-off in the New Share Issue up to the guaranteed amount. The remaining guarantor loan will be repaid on 31 October 2017. However, each guarantor has the option to choose that up to 100 per cent of the remaining loan shall mature on 30 June 2018. Further information regarding the parties that have entered into subscriptions and guarantee commitments will be found in the prospectus that is expected to be published on 20 September 2017 in accordance with the above preliminary timetable of the New Share Issue.

Extraordinary General Meeting
The board of director’s decision on the New Share Issue and related decisions are subject to approval by the Extraordinary General Meeting, which will take place on Tuesday, 19 September, 2017 in Chur, Switzerland.

At the Extraordinary General Meeting, the board of director’s decision and proposal for a decision as set out below will be presented for approval.

(i)               a new issue of a maximum of 1,496,111 registered shares with a nominal value of CHF 0.05 each

(ii)              a new issue of no more than 227,273 shares in respect of such an overdraft option

(iii)             introduction of a new authorized capital, which will authorize the Board of Directors to issue a maximum of 1,496,111 new registered shares within the next two years with the purpose of, inter alia, preparing for any future acquisitions.

(iv)             amendment of article 18 of the articles of association concerning the compensation committee

Advisors
G & W Fondkommission acts as financial advisor and Setterwalls Advokatbyrå acts as legal adviser to Talkpool in connection with the New Share Issue.

Important information
This press release does not contain and does not constitute an invitation or offer to acquire, sell, subscribe or otherwise trade in shares, subscription rights or other securities of Talkpool. Invitation to interested persons to subscribe for shares in Talkpool will only be through the prospectus that the company intends to publish on Talkpool's website, after approval and registration by Finansinspektionen. The prospectus will include risk factors, financial information and information about the company's board of directors. This press release has not been approved by any regulatory authority and is not a prospectus. Investors should not subscribe or purchase securities referenced in this press release, except on the basis of the information that will be contained in the prospectus that will be published.

Publication or distribution of this press release may in certain jurisdictions be subject to restrictions by law and persons in the jurisdictions where this press release has been published or distributed should inform and comply with such legal restrictions.
This press release may not be published, published or distributed, either directly or indirectly, in or to the United States, Canada, Australia, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other country in which such action is wholly or partly subject to legal restrictions. The information in this press release may also not be forwarded, reproduced or displayed in a way that contravenes such restrictions. Failure to comply with this instruction may constitute a breach of the United States Securities Act of 1933 ("Securities Act") or applicable laws in other jurisdictions.

The new shares will not be registered under the Securities Act or any provincial law in Canada and may not be transferred or offered for sale in the United States or Canada or to any resident there or on behalf of such person other than in such exceptional cases Which does not require registration under the Securities Act or any provincial law in Canada.

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 Internet of Things-market. Remium Nordic AB is Talkpool’s Certified Advisor.

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, on the 30th of August, 2017 at 23.30 CET.

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