SpectrumOne AB — Capital/Financing Update 2019

Apr 11, 2019

TargetEveryone AB proposes a rights issue of up to 108 million shares at a price of 0,4 SEK each and takes up a bridge loan of up to 8 MSEK to secure working capital

TargetEveryone AB proposes a rights issue of up to 108 million shares at a price of 0,4 SEK each and takes up a bridge loan of up to 8 MSEK to secure working capital

The Board of Directors of TargetEveryone AB (publ) ("TargetEveryone" or "the

Company") proposes the Annual General Meeting to be held on May 15 to decide to

issue up to 108 376 814 shares at a price of 0,4 SEK in a rights share issue

raising appr. 43,4 MSEK in funding before transaction costs. The formalities

around the rights share issue, among other things decreasing the quota value to

0.4 SEK per share, are elaborated in the notice to the Annual General Meeting

that will be sent out in a separate press release. The rights issue is secured

by a guarantee consortium that are guaranteeing an amount of 21 MSEK. The

Company will seek free subscription commitments of approximately 5 MSEK and are

in this respect having constructive dialogue with current shareholders.

Shareholders with aggregate holdings corresponding to approximately 35 percent

of the number of shares and votes in the Company, have undertaken to vote in

favor of the proposal of the rights issue.

The underwriters of the rights issue are City Capital Partners AB (1 MSEK),

Dividend Sweden AB 4 MSEK), LMK Ventures AB (3 MSEK), Formue Nord

Marknadsneutral A/S (7 MSEK), Pronator Invest AB (2 MSEK) and Jörns Bullmarknad

AB (4 MSEK). The fee for the guarantee amounts to 10 % if paid in cash and 12 %

if paid in shares. The underwriters have committed themselves to secure the

Company's working capital with a bridge loan up to 8 MSEK until the rights issue

is registered with the Swedish Companies Registration Office. The average annual

interest rate is 32 % for the bridge loan.

Preferential rights issue in brief

The Board proposes that the existing shareholders of the Company shall be

entitled to subscribe for the shares with preferential rights where one share

entitling one (1) subscription right and one (1) subscription right is needed to

subscribe for two (2) shares at a price of 0.4 SEK. The record date for

participating in the rights Issue is May 22, 2019 and the subscription period

will be from May 24 to June 10, 2019.

The complete terms, conditions and instructions of the rights issue and other

information about TargetEveryone will be provided in the Prospectus to be

approved by the Swedish Finance Inspection and published prior to the

subscription period.

The Company has presently 54 188 407 registered shares and if the proposed

rights issue is fully subscribed the number of shares will increase with 108 376

814, i.e. a dilution of 67 per cent. The proposed subscription price of 0,4 SEK

compared with todays closing stock price of 0,68 SEK gives a discount of appr.

40 per cent.

Preliminary timetable

Date                                 Event

May 14, 2019                   Q1 report

May 15, 2019                   Annual General Meeting

May 20, 2019                   Last day of trading including rights to receive

subscription rights

May 21, 2019                   First day of trading excluding rights to receive

subscription rights

May 22, 2019                   The record date for entitlement to participate in

the rights issue

May 23, 2019                   Publishing of Prospectus

May 24 - June 5, 2019    Trading in subscription rights

May 24 - June 10, 2019  Subscription period

June 13, 2019                  Announcement of the final outcome of the rights

issue

For further information contact:

Fredric Forsman

Chairman of the Board

+46 73-978 78 44

fredric@targeteveryone.com

Certified Adviser:

Mangold Fondkommission AB (556585-1267)

Box 55 691 102 15 Stockholm

Telefon: +46 8 503 015 50

ca@mangold.se

www.mangold.se

TargetEveryone AB (publ) is obligated to publish this information under the EU

Market Abuse Regulation. The information was provided by the above contact

person's auspices, for publication on April 11, 2019 at 22.30 p.m. CET.

About TargetEveryone

TargetEveryone is a global MARTECH company, enabling our clients to streamline

their 1-1 digital marketing, content and experiences within one SaaS online

platform. The company´s strategy is to approach both the enterprise segment and

the SME-segment with two different platforms that are based on the same

technology, but with different modules and interfaces. Our unique solution makes

marketeers able to easily target exactly the customers they want, and

communicate with them in the channels they prefer, to maximize ROI. Our clients

can easily segment their customers based on CRM data, market data and

transactional data. Further, they can use a campaign editor to quickly build

campaigns, and distribute these through our multichannel distribution system

either by Email, SMS or SMS landing pages. The enterprise customers are served

with our new platform SpectrumOne, combining market analysis, customer

segmentation and communication tools, while the SME-customers are provided an

online subscription solution through Targeteveryone.com. Both solutions are

based on big data to analyze and refine the customers behavior and

demands. TargetEveryone´s headquarter is in Oslo, with branch offices in Sweden,

Holland, India and USA. TargetEveryone is listed on Nasdaq First North in

Stockholm and Merkur Market in Oslo.

www.targeteveryone.com