Geveko deems seasonal funding to be secured
Geveko’s business is seasonal which generally leads to need for increased working capital in the first half of the year.
The seasonal liquidity is now deemed to be secured through loans from creditors and from related parties.
The following loans have been raised from related parties:
SKr 10 million, Hammarplast AB, whose CEO David Bergendahl is board member of Geveko. SKr 1 million, Finn Johnsson, Chairman of the board of Geveko. SKr 0.5 million, Göran Eklund, CEO of Geveko and Stefan Tilk, Board member of Geveko, SKr 0.3 million.
Göteborg, Sweden May 24, 2013
AB GEVEKO (publ)
For further information please contact
Göran Eklund, CEO and Managing Director
Phone: +46 31 17 29 45, +46 727 32 50 54
The information provided in this report is such that AB Geveko is required to publish in accordance with the Act concerning the Securities Market and/or the Act concerning Trading in Financial Instruments. This information was released for publication on May 24, 2013 at 13.50 a.m.
AB GEVEKO (publ) Company registration no: 556024-6844 P.O. Box 2137
SE-403 13 Göteborg, Sweden Tel: +46 (0) 31 172945 firstname.lastname@example.org www.geveko.se