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SpectrumOne AB — Capital/Financing Update 2018
Oct 8, 2018
8586_rns_2018-10-08_955eb475-dbfe-4a38-aea0-b8c16d4f7d60.html
Capital/Financing Update
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TargetEveryone increases available capital
TargetEveryone increases available capital
TargetEveryone has been informed that Link Mobility will pre-pay the outstanding
amount in accordance with Seller Credit Agreement of approximately SEK 15
million during the first half of October this year. This will convert the
majority of other short-term receivables to cash. The available capital will
partly be used at further development of TargetEveryone´s new platform and
further market expansion, and partly on repayment of short-term bridge loans
made in Q3.
To secure further expansion and development, TargetEveryone has parallelly
entered into a credit facility agreement with a Swedish financial institution
providing a SEK 5 million credit line at a yearly interest of 18 per cent.
For further information contact:
Vegard Brattum
CFO
+47 977 00 338
Certified Adviser:
Mangold Fondkommission AB (556585-1267)
Box 55 691 102 15 Stockholm
Telefon: +46 8 503 015 50
www.mangold.se
About TargetEveryone
TargetEveryone is a leading MARTECH company that provides a cutting-edge
marketing solution, that helps customers target their market intelligently in a
swift and cost-effective manner. The cloud-based solution seamlessly helps the
user segment their customers, quickly create campaigns, and then distribute them
through email, SMS, Facebook, Twitter, LinkedIn or QR Codes. The solution is
based on big data to analyze and refine the customers behavior and demands.
TargetEveryone has over 3000 clients in more than 92 countries, and has
experienced strong growth as marketing investments continues to move from
traditional media to digital media. Customers include Nespresso, Coop, Vita,
Match, DNB, Krogh Optikk, Cirkel K and Red Cross. TargetEveryone´s headquarter
is in Oslo, with branch offices in Sweden, Holland, Portugal, India and USA.
TargetEveryone is listed on Nasdaq First North in Stockholm and Merkur Market in
Oslo.
www.targeteveryone.com