Capital/Financing Update • Sep 6, 2013
Capital/Financing Update
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LUND, September 6, 2013 — Anoto Group AB (publ.) today announced that it has entered into a short term loan agreement with Ewig Industries Macao Commercial Offshore Ltd. as lender.
The 2 million USD loan is secured against a pledge of Anoto's product inventory and patent portfolio. The loan will improve Anoto's short term liquidity and will be repaid in line with future product sales. If the loan is not fully repaid by December 31st 2013, the lender has an option to convert the outstanding amount to Anoto common shares listed on the NASDAQ OMX Stockholm at a conversion price corresponding to 85% of the lowest market price for the share quoted on NASDAQ OMX Stockholm during a period of three months immediately prior to the request for such conversion.
For further information, please contact:
Stein Revelsby, CEO Anoto Group AB Tel: +46 (0)733 45 12 05
The information in this press release is published pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication at 08.30 CET on September 6, 2013.
Anoto Group AB is a global leader in digital writing solutions, which enables fast and reliable transmission of handwriting into a digital format. Anoto operates worldwide through a global partner network that delivers user-friendly digital writing solutions for efficient capture, transmission, distribution and storage of data. Anoto is currently in use across multiple business segments, e.g. healthcare, banking and finance, transportation and logistics and education. The Anoto Group has around 130 employees and is headquartered in Lund (Sweden). The company also has offices in Basingstoke, Guildford and Wetherby (UK), Amsterdam (NL), Boston (US) and Tokyo (Japan). The Anoto share is traded on the Small Cap list of NASDAQ OMX Stockholm under the ticker ANOT. For more information: www.anoto.com.
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