Talkpool gets a 2.0 million Euro convertible with 20kr/share strike price

A Swiss private investor with very extensive experience within the global ICT (Internet and Communication Technologies) market has agreed to grant a 2 million Euros convertible loan to Talkpool. The loan carries zero percentage interest during the first two years and ten percent interest during the third and final year. The lender and the borrower have communicated an intention to exercise the conversion option within the next 12 months. The loan gives both the lender and the borrower the right to trigger a conversion as Talkpool’s traded share reach SEK 20 over 10 trading days.   A first down-payment of 200’000 Euros will be made on the first of December 2019 and the remaining 1.8 million Euros will be paid in latest by mid-February 2020.

For more information, please contact:

Erik Strömstedt, CEO Talkpool
Tel: +41 81 250 2020
erik.stromstedt@talkpool.com 

Talkpool provides IoT solutions and telecommunication network services 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. FNCA Sweden AB, +46(0)8-528 00 399 info@fnca.se, is Talkpool’s Certified Advisor. www.talkpool.com

This information is insider information that Talkpool AG 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 08.30 CET on November 1, 2019.