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Titan N.V.

Titan N.V.

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Publicatie datum 14 nov 2014 - 07:55
Statutaire naam Titan N.V.
Titel TIE Kinetix reaches final agreement with guarantor
Bericht TIE Kinetix is pleased to announce it has reached final agreement (“the Agreement”) with an existing shareholder, not being Peter van Schaick, to act as guarantor. The guarantor is willing to purchase new issued shares up to an amount of € 2.000.000,=. This extra liquidity will only be used to pay damages as a consequence of the repayment of EU Development grants. In the mean time TIE will continue her attempts to convince the EC to refrain from requesting repayment by TIE Kinetix. This guarantee safeguards the operations of TIE Kinetix from adverse consequences resulting from said damages. As compensation, TIE will pay Guarantor a commission fee of € 300.000,=, which will be paid out in newly issued shares. (...)