Stockholm,Sweden, 2011-12-02 16:06 CET (GLOBE NEWSWIRE) --
The Board of Directors of TrustBuddy International AB (publ) (“TrustBuddy” or the “Company”) has decided to prolong the subscription period in the ongoing new share issue until the 9th of December 2011. The reason for the prolonged subscription period is [to give investors more time to decide on the participation in the new share issue.] Those who already have subscribed for shares in the new share issue doesn´t need to take any action.
Summary of terms and indicative timetable, etc.
In the new share issue the Company's share capital can increase by a maximum of SEK 588,747.71, from SEK 10,312,461.87 to SEK 10,901,209.59, by issuing no more than 15,000,000 shares addressed to the Company's funding investors and others. In the new share issue funding investors and other investors are invited to subscribe for one (1) new share, each with a quota value of SEK 0.04 for the issue price of SEK 0.39. The minimum amount of shares to subscribe for is 16,000 shares and the maximum amount of shares to subscribe for is 64,000. Assuming full subscription of the issue, the Company will receive some SEK 5.9 million before transaction costs and the number of shares will increase from 262,738,903 to 277,738,903 shares. The dilution effect for existing shareholders who do not choose to subscribe in the issue is about 5.4 percent. The indicative timetable is as follows:
17th of November – 9th of December 2011 – Subscription period.
13th of December 2011 – Estimated time to publish the result of the new share issue.
16th of December 2011 – Estimated time to pay for subscribed shares.
Week 52 – Estimated time when subscribers will receive the newly subscribed shares.
The information memorandum and subscription forms are available at:
http://www.mangold.se/MangoldOnline/Nyheter.aspx?newsId=276&index=1
www.trustbuddy.se
For more information, please contact:
Jens B Glasø
CEO, TrustBuddy International AB (Publ.)
+47 40 40 47 50,
investorcare@trustbuddy.com
http://trustbuddyinternational.com/
About Trustbuddy International AB (publ)
Trustbuddy International AB (publ) is one of the first in the world to focus on arranging loans and capital provision between buddies in an organised manner. The company is listed at NASDAQ OMX First North in Stockholm. Mangold Fondkommission AB is Trustbuddy International AB (publ):s Certified Adviser and Liquidity Provider, contact number: +46 8-503 015 50.
For more information, please contact:
Jens B Glasø
CEO, TrustBuddy International AB (Publ.)
+47 40 40 47 50,
investorcare@trustbuddy.com
http://trustbuddyinternational.com/