Pakistan’s Rights Issue Subscribed to by TalkPool Owner

TalkPool announces that the company’s main owner, Magnus Sparrholm, intends to fully subscribe for his shares in the upcoming rights issue, corresponding to approximately SEK 11.3 million or 34% of the issue. To finance part of said investment undertaking Magnus Sparrholm has sold 470’000 shares to a Swiss investor consortium. After the sale, Magnus Sparrholm owns 970’000 shares corresponding to 32 percent of the capital and votes. Magnus Sparrholm has also signed a lock-up agreement with customary terms. The lock-up expires 31 August 2018.

The purpose of the rights issue is to finance the acquisition of 100 percent of the shares in LLC Pakistan (Pvt) Ltd (“LCC PAK"), which TalkPool announced earlier today at 09.00 CET. Through the acquisition, TalkPool becomes the leading provider of telecom network services in Pakistan and gains a strong hub in the Middle East.

The rights issue amounts to SEK 32.9 million and is underwritten to 81 percent. If oversubscribed. the board of directors can decide on issuing an additional SEK 5.0 million. The preliminary subscription period is between 14 August to 28 August 2017. For more information about the rights issue please see TalkPool News.

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