Summary of the MSEK 43.4 share right issue
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The final result in the share right issue in TargetEveryone AB ("the Company"), for which the subscription period ended on Jun 10, 2019, shows that 3,549,812 shares, corresponding to approximately 3.3 per cent of the shares offered, were subscribed for by the exercise of subscription rights. In addition, 203,332 shares, corresponding to approximately 0.2 per cent of the shares offered have been subscribed for without subscription rights.
The right issue was guaranteed with an amount of MSEK 21. Additionally, the Company has subscription agreements of MSEK 5.3. Consequently, the Company receives proceeds amounting to approximately MSEK 26.3 before transaction related costs through this right issue.
The share capital will increase with SEK 26,255,000 through the issuance of 65,637,500 shares. This gave a dilution of shareholders prior to the right issue of 55 per cent.
The shares are expected to be registered by the Swedish Companies Registration Office (Sw. Bolagsverket) on or about June 21, 2019.
For further information contact:
Chairman of the Board
+46 73-978 78 44
Mangold Fondkommission AB (556585-1267)
Box 55 691 102 15 Stockholm
Telefon: +46 8 503 015 50
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 June 14, 2019 at 1.25 p.m. CEST.
TargetEveryone is a global MARTECH company, enabling our clients to streamline their 1-1 digital marketing, content and experiences within one SaaS online platform. Today, the prospectus for the offering was approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen). The Prospectus is published today and is available at https://www.targeteveryone.com/investors/financial-reports.php?lang=en&type=PR. The offering will be a total of 108,376,814 shares at a share price of SEK 0.4 that will be traded on Nasdaq First North.
TargetEveryone's Annual General Meeting was held on May 15, 2019 at the company's premises, Kungsgatan 60 in Stockholm.
- Net sales amounted to MSEK 3.4 (7.5)
- EBITDA before extraordinary costs amounted to MSEK -7.8 (-4.0)
- EBT amounted to MSEK -14.6 (-10.4)
- Earnings per share before dilutions amounted to SEK -0.25 (-0.32)
- Signed totally seven new customers
- Accumulated cost reductions to a total of approximately 30 %
Aktieägarna i TargetEveryone AB (publ), org nr 556526-6748, kallas härmed till årsstämma den 15 maj 2019 kl. 09.30 i bolagets lokaler på Kungsgatan 60 i Stockholm.
CEO update with notice of update on prognosis, announcement of cost cuts, sales progress, issue of new shares and market outlook
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
On February 14, the company published the year-end report for the fiscal year 2018.