Cyber Security 1 Ab: Cyber1 Secures Short-term Liquidity Loan Of Eur300,000

 
TIDMCYB1 
 
   CYBER1 secures short-term liquidity Loan of EUR300,000 
 
   on favourable commercial terms 
 
   London United Kingdom -- 28 May 2020 -- Cyber Security 1 AB (Publ) (the 
"Company") ("CYBER1") (Nasdaq First North: CYB1) confirms that it has, 
on favourable commercial terms, secured a loan to provide operating 
capital for the continuing business operations of the Company whilst it 
undergoes a company restructure. 
 
   The loan to the Company is undertaken by existing shareholders who have 
agreed to fund the Company with EUR300,000 at an interest rate of 4% 
p.a. 
 
   The loan is to be repaid by the Company in full by the 31(st)  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 generally preferred rights (Sw. allmän 
förmånsrätt enligt 10 -- 4 p. 
förmånsrättslagen) and by law rank in priority ahead of 
the unsecured and non-preferential obligations (15 -- 
förmånsrättslagen) of the Company. 
 
   Lawyer David Rutegard, Law Firm Carler, the Administrator of the 
reconstruction proceedings, has approved the taking on of this loan by 
the Company. 
 
   This information is information that CYBER1 is obliged to make public, 
pursuant to the EU Market Abuse Regulation. The information was 
submitted for publication, through the agency of the contact person set 
out below, on 28 May 2020 at 17:15 CET. 
 
   Certified Adviser 
 
   Mangold Fondkommission AB is the Company's Certified Adviser. 
 
   Telephone: [phone] E-mail: [e-mail] 
 
   FOR FURTHER INFORMATION, PLEASE CONTACT: 
 
   Investor Relations Contact: 
 
   Tim Metcalfe / Zach Cohen 
 
   CYBER1 Email: [e-mail] 
 
   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) and as an American 
Depositary Receipt (OTCQX: CYBNY), 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 further information please visit: www.cyber1.com 
 
   For all company filings and reports, please visit: 
https://www.globenewswire.com/Tracker?data=0h03ZJnMHqC-gZCR6Len2sOdamFVbk2FHk4K-AO0HEJjefw-6DC6FQhDQ5WjSXlipSN4PhDW8KcE_gOrzcJ_Zp24VeGRuD1Qn3k3W4iMqsJKM1Th1_POgAelNzJIakyv6mN9rBIAISAUwxJY3_GEduTZmZgoZG7Y7XDFfmik3qQ= 
https://cyber1.com/cyber1-investor-information/ 
 
 
 
 

(END) Dow Jones Newswires

May 28, 2020 11:15 ET (15:15 GMT)

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