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Digitalist Group Oyj — Capital/Financing Update 2017
Dec 22, 2017
3308_rns_2017-12-22_1b0d2496-b6a1-4152-87bf-bc70f0a013fb.pdf
Capital/Financing Update
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Digitalist
Digitalist Group Plc structures its financing
Digitalist Group Plc’s (Digitalist Group or Company), together with Digitalist Finland Ltd, has given countersecurity to Turret Oy Ab and Holdix Oy Ab in which, inter alia, the Company has undertaken to pay guarantee commission. The rate of the guarantee commission has been defined on market terms. Turret Oy Ab and Holdix Oy Ab have granted a directly enforceable guarantee with the total amount of EUR 4,5 million, as agreed separately, to Nordea Bank AB (publ), Finnish Branch and to Nordea Finance Finland Ltd as collateral for Digitalist Group’s and its subsidiaries’ liabilities. Turret Oy Ab and Holdix Oy Ab are the owners of Tremoko Oy Ab, which is the main owner of Digitalist Group.
Digitalist Group has accepted the binding offer of its main owner Tremoko Oy Ab of a financial arrangement based on borrowed capital of at most EUR 1.0 million (Financial Arrangement). Thus the Financial Arrangement executed now enables, if necessary, Digitalist Group to obtain EUR 1.0 million more than earlier in additional financing. The additional financing under the Financial Arrangement falls due on 31 December 2019 at the latest.
DIGITALIST GROUP PLC
Board of Directors
For more information, please contact:
Digitalist Group Plc
CEO Ville Tolvanen, tel. +358 50 3100 642, [email protected]
CFO Hans Parvikoski, tel. +358 40 586 6154, [email protected]