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Digitalist Group structures its financing

Written by Customer Service on . Posted in Public Companies.

Digitalist Group Plc            Inside information            28 November 2019 at 9:00
Digitalist Group Plc (“Digitalist Group” or “Company”) has agreed with Turret Oy Ab (“Turret”) on a short-term loan amounting to EUR 1,000,000 and with Holdix Oy Ab (“Holdix”) on a short-term loan amounting to EUR 1,000,000. The loans were granted on market terms, and they will fall due on 13 March 2020.Digitalist Group and Turret have agreed to postpone the due dates of the principals and interests of the Company’s short-term loans from Turret amounting to approximately EUR 3.9 million, and the due date of the interest (which was to fall due on 31 December 2019) of a long-term convertible bond with a principal amounting to approximately EUR 5.78 million so that the new due date is 13 March 2020.In addition, Digitalist Group and Holdix have agreed to postpone the due dates of the principal and interests of the Company’s short-term loan from Holdix, the principal amounting to approximately EUR 90,000, and the due date of the interest (which was to fall due on 31 December 2019) of a long-term convertible bond with a principal of approximately EUR 2.89 million so that the new due date is 13 March 2020.Turret Oy Ab is the largest shareholder of Digitalist Group. Holdix Oy Ab is the second largest shareholder of Digitalist Group.Digitalist Group PlcBoard of DirectorsFor further information, please contact:Digitalist Group PlcHans Parvikoski, CFO, tel. +358 40 586 6154, hans.parvikoski@digitalistgroup.comDistribution:Nasdaq Helsinki LtdMain mediahttps://digitalist.globalAttachment201901128 Digitalist Group Plc structures its financing_stockrelease_EN

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