Main owner intends to subscribe in full for his shares in the upcoming right issue and signs lock-up agreement
PRESS RELEASE
21 June 2017
TalkPool announces that the company’s main owner, Magnus Sparrholm, intends to fully subscribe for his shares in the upcoming rights issue, corresponding to approximately SEK 11.3 million or 34% of the issue. To finance part of said investment undertaking Magnus Sparrholm has sold 470’000 shares to a Swiss investor consortium. After the sale Magnus Sparrholm owns 970’000 shares corresponding to 32 percent of the capital and votes. Magnus Sparrholm has also signed a lock-up agreement with customary terms. The lock-up expires 31 August 2018.
The purpose of the rights issue is to finance the acquisition of 100 percent of the shares in LLC Pakistan (Pvt) Ltd ("LCC PAK"), which TalkPool announced earlier today at 09.00 CET. Through the acquisition, TalkPool becomes the leading provider of telecom network services in Pakistan and gains a strong hub in the Middle East.
The rights issue amounts to SEK 32.9 million and is underwritten to 81 percent. If oversubscribed. the board of directors can decide on issuing an additional SEK 5.0 million. The preliminary subscription period is between 14 August to 28 August 2017. For more information about the rights issue please see www.talkpool.com.
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 IoT-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, at 09:45 CET on June 21, 2017.
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