Risk Intelligence A/S announces outcome of long-term loan of approx. DKK 6.7 million
19 January 2024 | Company announcement No 02-2024
Risk Intelligence A/S (“Risk Intelligence” or "the Company") announces that the Company has secured a long-term loan of approx. DKK 6.7 million with board members and one shareholder.
As published during the process of the Rights Issue including in the press release of 11 October 2023 the Company had a commitment of a long-term loan with EIFO, the Danish State Growth fund (former Vækstfonden) as part of the planned funding process. The Company has during December arranged a long-term loan from board members and one shareholder to reach the objective of fully removing short-term loan debt from the balance sheet as of 31 December 2023. The new long-term loan by this replaces the planned EIFO loan.
The majority of the loan (approx. DKK 5 million) is provided by Member of the Board Stig Streit Jensen partly by conversion of short-term debt and partly in cash. Sandbjerg Holding ApS has provided approx. DKK 1.3 million.
The loan of an amount of approx. DKK 6.7 million is based on market conditions (arm’s length) with an interest of 12% per annum, no instalments the first 12 months but interest every quarter and with an annuity for two following years. The loan will be fully paid back 31 December 2026.
Hans Tino Hansen, CEO says:
“With the new long-term loan, we have finalised the funding strategy as laid out in the memorandum for the Rights Issue in the autumn of 2023 and all short-term loan debt has been removed from the balance sheet. This will secure the foundation of a stable financial platform in combination with positive liquidity from operations during 2024”.
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For further information about Risk Intelligence, please contact:
Hans Tino Hansen, CEO
Jens Krøis, CFO
Telephone: +45 7026 6230
E-mail: investor@riskintelligence.eu
Website and social media:
Website: investor.riskintelligence.eu and riskintelligence.eu
Twitter: twitter.com/riskstaff
LinkedIn: linkedin.com/company/risk-intelligence
Facebook: facebook.com/riskstaff