TargetEveryOne: Increases ownership in subsidiary and issues convertible loan
TargetEveryOne AB has increased its ownership in the Norwegian subsidiary ViaNett AS. After an extension of the offer that was issued in March 2016, the holding is now 97.9 percent. As payment for the minority shares, equal parts convertible bonds and shares in the parent company are offered. The convertible bonds carry a 6 percent annual interest rate. The bonds can until March 30, 2018, be converted into shares in the parent company at the price of SEK 5.01 per share. Shares in ViaNett AS are given as security for the convertible loan. The new shares issued as part of half of the