TargetEveryone AB announces a partially underwritten rights issue of convertible bonds of approximately MSEK 17.3 and takes up a bridge loan of MSEK 5
Pursuant to the authorization of the General Meeting held on June 28, 2018, the Board of Directors of TargetEveryone AB (publ) (“TargetEveryone” or “the Company”) decided on December 19, 2018 that the Company is to raise a convertible loan of a nominal maximum amount of approximately MSEK 17.3 with preferential rights for existing shareholders. The rights issue is underwritten to 59 per cent through external underwriting agreements. Parallelly, the Company has taken up a bridge loan of MSEK 5 from the underwriters. Preferential rights issue in brief The purpose of the rights issue is