CYBER1 secures short-term liquidity Loan of €120,000 from shareholders

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Stockholm, Sweden– 21 October 2020 – Cyber Security 1 AB (Publ) (the “Company”) (“CYBER1”) (Nasdaq First North: CYB1) announces that it today has secured a loan to provide operating capital to the ongoing restructuring process. The loan, of in total €120,000, to the Company is undertaken by four existing shareholders, Marlo Finance B.V, KAV Invest Holding AG, JFG Capital B.V and Ramphastos Participaties Coöperatief U.A at an interest rate of 4% p.a. The loan is to be repaid by the Company in full by the 31st December 2022 and will not carry any interest for the first year of the term and any accrued interest thereafter is required to be paid only on the date of the final repayment of the loan. The loan will constitute general rights of priority (Sw. allmän förmånsrätt) according to the Rights of Priority Act (Sw.förmånsrättslagen) Attorney David Rutegård, Law Firm Carler, the Administrator of the corporate restructuring proceedings, has approved the taking on of this loan by the Company.

For further information, please contact:


 

Investor Relations Contact:

George Messum:

Phone: +44 (0)795 6589 186
E-mail: george.messum@cyber1.com

Fredrik Sätterström:

Phone: +46 (0)70 510 10 22
E-mail: fredrik@cyber1.com

Mangold Fondkommission AB is the Company’s Certified Adviser.

Phone: +46 (0)8 503 015 50
E-mail: ca@mangold.se

About CYBER1


 

CYBER1 is engaged in providing cyber resilience solutions and conducts its operations through physical presences in UK, Sweden, Kenya, South Africa, United Arab Emirates and the United States. Listed on Nasdaq First North Growth Market (Nasdaq: CYB1.ST), the Group delivers services and technology licenses to enhance clients’ protections against unwanted intrusions, to provide and enhance cyber resilience and to prevent various forms of information theft. CYBER1 had revenues of 68.73m EUR in 2019.

For further information, please visit www.cyber1.com/investors.

For all company filings and reports, please visit: https://cyber1.com/cyber1-investor-information/

This information is information that Cyber Security 1 is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2020-10-21 12:15 CEST.

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