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NOVIQTECH LIMITED — Capital/Financing Update 2020
Jun 8, 2020
65456_rns_2020-06-08_1634587b-76b7-441a-8cca-63e3786ff320.pdf
Capital/Financing Update
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9 June 2020
ASX Announcement
TYMLEZ Holdings BV receives €375,000 Non-Dilutive Funding from The Dutch Government
TYMLEZ Group Limited (“TYMLEZ” or the “Company”) (ASX:TYM) is pleased to announce that its wholly owned subsidiary TYMLEZ Holdings BV has been granted €375,000 non-dilutive funding from the Dutch Government.
“This is excellent news for the Company, as it shows that the government is not only supportive of our disruptive stack & technology, but it also means that the Company does not need to raise capital anytime in the near-term”, stated Niv Dagan, non-executive director of TYMLEZ.
The funding carries a 3% annulised interest rate and under the terms, repayments commence one year after the funding is issued, with the possibility to extend this period by one year.
It is expected that TYMLEZ Holdings BV will receive the €375,000 funding in early July 2020.
“The fact that the Dutch government is willing to support TYMLEZ, is another proof-point that as a Company we’re on the right track to become profitable in the Energy & Telematics space. We’re working extremely hard to achieve our goals and we are grateful for the Dutch governement support as well as the support from our loyal investor base”, said Reinier van der Drift, CEO of TYMLEZ.
Mr Justyn Stedwell Mr. Reinier van der Drift Company Secretary CEO (03) 8395 5446 [email protected]
TYMLEZ GROUP LIMITED ACN 622 817 421
Suite 1.03, 2 Queen St Melbourne VIC 3000 03 8395 5446 ASX:TYM
ABOUT TYMLEZ GROUP LIMITED
Blockchain designed for business. TYMLEZ provides a highly scalable, multi-tenant, enterprise-grade smart contract blockchain platform which can be deployed in minutes and / or implemented via partners within an enterprise or across a consortium. We bring commercial-grade blockchain technology to the enterprise. We do this by delivering a scalable platform which enables accelerated development, management, and deployment of enterprise blockchain applications.