Digitalist Group Plc structures its financing


Digitalist Group Plc          Stock Exchange Release           26 September 2018 at 20:00

 

Digitalist Group Plc’s (Digitalist Group or Company) has agreed on amount of EUR 1.0 million increase of a credit limit up to an aggregate amount of 4 million euros with Nordea Bank AB (publ), Finnish Branch.

The credit limit is secured by a directly enforceable guarantee granted by Turret Oy Ab and Holdix Oy Ab to Nordea Bank AB (publ), Finnish Branch, amongst other things, as collateral for the liabilities of Digitalist Group and its subsidiaries. Digitalist Group, together with Digitalist Finland Ltd, has given countersecurity to Turret Oy Ab and Holdix Oy Ab in which, inter alia, the Company has undertaken to pay guarantee commission. The rate of the guarantee commission has been defined on market terms. Turret Oy Ab and Holdix Oy Ab are the owners of Tremoko Oy Ab, which is the main owner of Digitalist Group.

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

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Stockrelease EN 20180926