Digitalist Group Plc Stock Exchange Release 25 April 2018 at 6:45 p.m.
Digitalist Group Plc (“Digitalist Group” or “Company”) has accepted the binding offer from its main owner Tremoko Oy Ab of a financial arrangement based on borrowed capital of at most EUR 1.0 million (“Financial Arrangement”). Thus the Financial Arrangement executed now enables, if necessary, Digitalist Group to obtain EUR 1.0 million more than earlier in additional financing. The additional financing under the Financial Arrangement falls due on 31 December 2019 at the latest.
As part of the Financial Arrangement Digitalist Group has additionally agreed with its main owner Tremoko Oy Ab on changing the current due date, being 31 January 2019, for the previously provided EUR 4.6 million credit line facility. The new due date will be on 31 December 2019 at the latest.
At the same time with the Financial Arrangement Digitalist Group Plc has agreed to drawdown a loan of 2.0 million euros (“Loan”) from Nordea Bank AB (publ), Finnish Branch, converting the previous revolving credit facility of the same amount. The repayment of the Loan will be paid in equal instalments every three months starting on 30 April 2020, the last payment date being on 30 April 2023.
DIGITALIST GROUP PLC
Board of Directors
For more information, please contact:
Digitalist Group Plc
CEO Ville Tolvanen, tel. +358 50 3100 642, ville.tolvanen@digitalistgroup.com
CFO Hans Parvikoski, tel. +358 40 586 6154, hans.parvikoski@digitalistgroup.com
Distribution:
NASDAQ OMX Helsinki
Main media
Attachment
