TIE Kinetix Receives Full Loan Repayment Provided Upon Divestiture of TCMA Applications

TIE Kinetix has received full repayment of the loan provided upon the divestiture of its TCMA applications (transaction from August 2020). The loan proceeds of € 3 million will be added to the company’s cash reserves.

TIE Kinetix has issued 20.284 shares for a total consideration of € 141.988, bringing the total number of issued shares to 1.655.549. The shares have been issued following the conversion of warrants. The total number of warrants outstanding amounts to 295.728.

For more information please contact:

TIE Kinetix N.V.
Michiel Wolfswinkel, CFO
De Corridor 5d
3621 ZA Breukelen

T: +31 (0) 88 3698060
E: Michiel.Wolfswinkel@TIEKinetix.com
W: www.TIEKinetix.com 

About TIE Kinetix
At TIE Kinetix, we deliver Software as a Service (SaaS) solutions to companies, governmental institutions, and their suppliers, to help them exchange all business documents electronically and simplify supply chain processes as a result. FLOW Partner Automation, our software platform, empowers its users to engage in smart business exchanges and streamline communication through seamless integration with any existing system. Since 1987, we have supported all EDI and e-invoicing standards and communication methods worldwide. Today, our global team of experts share their knowledge with our 2,500+ customers, facilitating the exchange of over 1 billion documents through FLOW each year.

TIE Kinetix is a public company (Euronext: TIE), and has offices in the Netherlands, France, Germany, Australia, and the United States. For more information, visit www.TIEKinetix.com, and follow us on Linkedin, Twitter, Facebook, Xing, and YouTube.