TargetEveryone fulfilled the MSEK 17.2 convertible bond right issue with 99,4%
The final result in the rights issue of convertible bonds in TargetEveryone AB (publ) ("the Company"), for which the subscription period ended on February 6, 2019, shows that 380,638 convertible bonds, corresponding to approximately 7.2 per cent of the convertible bonds offered, were subscribed for by the exercise of subscription rights. In addition, 4,900,792 convertible bonds, corresponding to approximately 92.8 per cent of the convertible bonds offered have been subscribed for without subscription rights. Through the rights issue of convertible bonds, the Company receives proceeds amounting to approximately MSEK 17.2 before transaction related costs.
If the convertible bonds are fully converted into shares, and given that all convertible bonds are converted during the last day for conversion, the share capital will increase with SEK 10,562,860 through the issuance of 5,281,430 shares.
The convertible bonds are expected to be registered by the Swedish Companies Registration Office (Sw. Bolagsverket) on or about February 28, 2019.
For further information 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.
Marknadsplats: First North
2019-08-20 Half-yearly Report