Digitalist Group Secures Funding to Boost Working Capital
Digitalist Group Secures Significant Funding
Digitalist Group Plc has recently reached an agreement with Turret Oy Ab for a loan of EUR 1,000,000. This financing initiative aims to bolster the Company's working capital, allowing Digitalist Group to continue its growth trajectory and operational developments.
Loan Details and Structure
This loan is set to be withdrawn in installments, providing flexibility that aligns with the Company's operational needs. The final withdrawal date is planned for 31 December 2025, ensuring ample time for the Company to effectively utilize these funds. The terms of the loan were established at market rates, and it is scheduled to mature on 31 December 2026, offering Digitalist Group a lenient repayment structure.
Strengthening Shareholder Relations
Turret Oy Ab stands as the largest shareholder of Digitalist Group, reinforcing the strategic relationship between the two entities. This agreement not only reflects the confidence Turret has in the Company's direction but also underscores the importance of such alliances in navigating financial landscapes.
Corporate Governance and Decision Making
In compliance with related party transaction regulations, Digitalist Group's board members, Paul Ehrnrooth and Peter Eriksson, abstained from participating in the decision-making process concerning this loan. This adherence to governance practices ensures that business dealings maintain transparency and uphold the integrity of board operations.
About Digitalist Group Plc
Digitalist Group Plc is a dynamic player in the digital services space, continuously exploring innovative solutions to enhance business processes and create value for its stakeholders. This recent financing move is a strategic step to strengthen its position in the marketplace.
Contact Information
For additional insights regarding the loan and its implications for Digitalist Group, the following contact details are available:
CEO Magnus Leijonborg,
Tel. +358 40 865 4252, magnus.leijonborg@digitalistgroup.com
Chairman of the Board Esa Matikainen,
Tel. +358 40 506 0080, esa.matikainen@kolumbus.fi
Frequently Asked Questions
What is the purpose of the loan secured by Digitalist Group?
The loan is intended to strengthen Digitalist Group's working capital, supporting its operational initiatives.
Who is providing the loan to Digitalist Group?
The loan is being provided by Turret Oy Ab, the largest shareholder of Digitalist Group.
What are the terms of the loan?
The loan amount is EUR 1,000,000, with the possibility of withdrawal in installments until 31 December 2025, maturing on 31 December 2026.
How does this financing affect shareholder relations?
This loan exemplifies the collaboration and support between Digitalist Group and its largest shareholder, emphasizing a strong relationship.
Where can I find more information about Digitalist Group?
For more details, visit their official website at https://digitalist.global.
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