Safeture secures financing of SEK 10 million from its largest shareholder

Safeture AB (”Safeture”) has entered into a financing agreement for the provision of loans of up to SEK 10 million with Safeture’s largest shareholder Agartha AB holding approximately 38 per cent of the shares in Safeture. The purpose of the financing agreement is to secure short-term financing of the company.

Under the financing agreement, Safeture can request loans at one or several occasions up to a maximum aggregate amount of SEK 10 million. Loans disbursed under the financing agreement will carry an annual interest of 6 per cent and shall repaid at the latest on 31 March 2023. Safeture may repay any loans prematurely without separate costs. Agartha AB has the right to request that any loans are repaid prematurely if Safeture executes an equity financing raising proceeds of at least SEK 10 million.

The financing agreement secures a short-term financing of the company. With the agreement in place the Board of Safeture ensures sufficient time to secure the best long-term financing for the company.

With so much happening in the company, this is a great solution that lets us redirect all our energy focusing on the company, and not of its short term financing”, says Magnus Hultman, CEO at Safeture.

 

For more information:

Magnus Hultman, CEO of Safeture  +46 706 00 81 66  magnus.hultman@safeture.com

 

This information is such information as Safeture AB 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 above, at 15.00 CET on 30 March 2022.

 

 

About Safeture AB Safeture (founded in 2009) is a Software as a Service (SaaS) company based in Sweden. The company offers a complete cloud-based platform designed to manage employee safety and risk/crisis management. Through world-leading technology and innovative solutions, Safeture helps more than 3 600 companies and organizations to protect what matters most – their employees. Safeture gives corporations the ability to effectively automate safety and security while seamlessly integrating the software to become a natural part of their internal processes. The Safeture share is listed on NASDAQ First North Growth Market Stockholm (ticker: SFTR). Erik Penser Bank AB is the Certified Adviser. Ph: +46 8-463 83 00 E-mail: certifiedadviser@penser.se