Zenterio AB (publ) announces issuance of SEK 31.5 million convertible bonds

Posted On: 27th May 2016

Zenterio AB (publ) (“Zenterio”) announces issuance of 3 year convertible bonds, due May 2018, in the aggregate principal amount of SEK 31.5 million. The convertible bonds are convertible into ordinary shares. Scope Growth III, Zenterio’s largest shareholder, has been lead investor together with other existing shareholders and the commercial terms have been determined in a book building process. SEK 4 million derives from related parties and will be subject to approval at the upcoming Annual General Meeting. The convertible bonds accrue an annual interest rate of 8%, and have a base conversion price of SEK 22.50, equivalent to 1,400,000 new ordinary shares and a share capital increase of approx. 46,666.64 in the event of full conversion. Following a liquidity event (an IPO or trade sale of Zenterio) during the holding period the conversion price is 75% of the price established in the liquidity event.

Zenterio intends to use the proceeds of the offering for general corporate purposes as it is preparing for the previously announced initial public offering on Nasdaq Stockholm later this year. The reason for the deviation from the shareholders’ preferential rights was to enable Zenterio to raise capital efficiently on as favorable terms as possible. The convertible bonds were issued on the basis of the authorization granted by the Extraordinary General Meeting (EGM) of Zenterio held on November 4, 2014.

Find out more, contact:

Mattias Arnelund; CFO

Email: mattias.arnelund@zenterio.com

Phone: +46 70-789 5812

About Zenterio
Zenterio provides Zenterio OS, an independent software platform for interactive TV that is positioned to become a global standard. Zenterio also offers consulting services and a value added service offering to pay TV operators. Zenterio partners with global system integrators, set-top box suppliers, CA/DRM providers, chipset manufacturers and providers of interactive services. Zenterio has more than 200 employees (25 nationalities). Zenterio has offices in Stockholm, Linköping and Atlanta. Zenterio is owned by private investors and private equity firm Scope. The chairman of the board is former Nokia CEO Mr. Olli-Pekka Kallasvuo.

Visit zenterio.com

About Zenterio OS
Zenterio’s operating system works with most types of hardware available on the market. For TV operators, Zenterio’s software enables fast harmonization of operators’ fragmented software bases, and it can be used on new and already deployed hardware. With a harmonized solution, operators can quickly and cost-effectively deliver new interactive services to end customers. Besides unrivalled hardware support, Zenterio’s software offers market-leading performance and a flexible way to add new features. For system integrators, Zenterio’s products facilitate uniform support for their new solutions that enable TV operators’ interactive services. For TV viewers, this means improved experiences, an increased range of services, and greater access to new applications.


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