TargetEveryone AB (publ): Publication of Information Memorandum and first trading day of TargetEveryone's convertible rights issue
The convertible rights issue period of TargetEveryone AB (TEONE) begins today. The convertible rights issue will add 17,265,911 SEK to the company before issuance costs when fully underwritten. The information memorandum and the application form are available at TargetEveryone's investor page (www.targeteveryone.com/investors). Additionally, the memorandum is available at GCF's (ww.gcf.se), Sparebank1's (www.sparebank1.no) and Aqurat's (www.aqurat.se) web pages.
Rationale for the convertible rights issue
During 2018, TargetEveryone has finalized the development and launched both a new online subscriptions service and SpectrumOne. The company has invested significant resources in the development of these platforms to establish a solid position in a fast-growing market. The next step is to do a full-scale commercialization of SpectrumOne and continue the development of the software to keep a position in front of a highly technological industry. The funding from the convertible rights issue will be invested in further development of SpectrumOne and financing of international expansion through increased sales and marketing activities.
Offering size 17,265,911 SEK
Number of convertibles 5,312,588
Preferential rights One (1) share at the record day in the Company entitles ten (10) warrants, hundred and two (102) warrants is required to acquire one (1) convertible.
Price 3.25 SEK per convertible
Offering period January 21 to February 6, 2019
Interest rate 10 percent per year. The interest is paid semi-annually in arrears.
Termination December 30, 2020
Conversion Conversion to shares will be possible from day 1-15 the last month every quarter (except the first quarter of 2019) until termination.
Guarantees 10,100,000 SEK
Current number of shares 54,188,407
Markets NasdaqFirst North (Stockholm), Merkur Market (Oslo)
Göteborg Corporate Finance and Sparebank1 are TargetEveryone's financial advisors in the convertible rights issue.
If questions regarding the convertible rights issue, please contact:
For more information regarding TargetEveryone, please contact:
+47 977 00 338
TargetEveryone is a global MARTECH company, enabling our clients to streamline their 1-1 digital marketing, content and experiences within one SasS 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.
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.