Zenterio conducts private placement of convertible bonds of SEK 65 million

Posted On: 23rd June 2016

Stockholm, 23 June 2016 – The board of director of Zenterio AB (publ.) has on 21 June 2016, with the authorisation of the annual general meeting on 30 June 2015, decided on a private placement of convertible bonds of SEK 65 million to refinance existing loans and in addition provide the company with capital to strengthen the company’s balance sheet in the current phase of expansion. The board also intends to approach all shareholders with an offer to participate in a rights issue of approximately SEK 50 million. The rights issue is planned for the second half of 2016.

The company is demonstrating strong momentum with new customer contracts and is developing well in accordance with plan, with new and larger customer engagements that require the support of long-term financing. The board has evaluated several different financing solutions during the spring to ensure solid customer relationships, and determined that a placement through which the company raises capital now and through which existing shareholders at the same time have the opportunity to participate in an attractive offer is the best solution for both the company and its shareholders.

Interest was high in the private placement of SEK 65 million, which was offered to a small group of existing shareholders and external investors, and the placement could be closed in a short time with the desired outcome. The convertible bond provides interest of 8% with mandatory conversion into common shares in connection with a planned rights issue in the second half of the year, at which time the price will be set at SEK 4 in order to provide all shareholders with the opportunity to participate in an attractive offer.

Given the company’s development and position, the board and the company’s management believe the total capital raising of approximately SEK 115 million is well balanced to provide the necessary support for further expansion.

For more information, please contact:

Mattias Arnelund, CFO

Email: mattias.arnelund@zenterio.com

Phone: +46 70 789 58 12

About Zenterio

Zenterio provides an independent OS for interactive TV aimed at creating an industry standard. Zenterio also offers an intuitive multiscreen UI, a powerful Data Analytics solution, Consulting Services and additional Value Added Services to TV operators. Zenterio partners with global system integrators, set-top box suppliers, CA/DRM providers, chipset manufacturers and services providers. Zenterio has offices in Stockholm, Linköping and Atlanta and is owned by private investors and private equity firm Scope. The Chairman of the Board is former Nokia CEO Mr. Olli-Pekka Kallasvuo and the CEO is former Ericsson executive Mr. Jorgen Nilsson. For more information please visit zenterio.com.

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