Loan Facility
2008年1月11日 - 4:01PM
RNSを含む英国規制内ニュース (英語)
RNS Number:5627L
Axismobile PLC
11 January 2008
AxisMobile PLC
("AxisMobile" or "the Company")
US $2 million follow-on loan facility secured
AxisMobile PLC (AIM: AXIS), the hi-tech specialists in consumer mobile email,
today announces it has signed loan agreements worth US $2,000,000 (the "Loan")
with SVM-Israel ("SVM"). The Company explored a large number of potential
funding options before entering into the Loan. This current financing is a
follow-on loan facility to earlier loans issued by Plenus Venture Lending, which
is affiliated with SVM.
The Loan shall be provided in 3 instalments: the first $1,000,000 was drawn down
by the Company on January 7, 2008, the second of $500,000 no later than February
4, 2008, and the third of $500,000 no later than March 31, 2008.
The Loan is repayable over 24 months with interest charged at LIBOR plus 5.5%.
1,175,000 warrants over ordinary shares in the capital of the Company were also
granted to SVM at an exercise price of 25p per warrant.
The Loan will be subject to a repayment grace period of six months commencing on
the 6 month anniversary of the closing date.
In addition, the amount of the Loan outstanding can be converted by SVM, at any
time, into AxisMobile ordinary shares using a share conversion price of the
greater of 80% of the market price or 40p.
The funds will enable the Company to accelerate the roll out of its services and
solutions to its growing client base and provide working capital ahead of
revenues to be generated from its customers.
Sharon David, CEO of AxisMobile, commented:
"The additional funds provided by the follow-on loans from SVM will ensure
AxisMobile's rapid and continuous expansion of its customer base. This
additional funding will enable us to concentrate on driving the business forward
towards profitability."
Enquiries to:
Uri Darvish Tel: + 972 3 768 5555
AxisMobile www.axismobile.com
--------------------
Josh Royston Tel: +44 (0) 20 7936 9606
Threadneedle Communications
Chris Bowman/Andrew Chubb Tel: +44 (0) 207 050 6500
Canaccord Adams Limited
Notes to Editors
About AxisMobile
- AxisMobile was founded during early 2000. It is a leader in the emerging
market of consumer mobile email which allows consumers to access email via
mobile telephone handsets.
- AxisMobile's objective is to provide software that drives the mass market
adoption of mobile email and related products by making multimedia information
portable, ubiquitous and easy to access on subscribers' existing mobile handsets
at an attractive cost. AxisMobile's email platform provides a 'one-stop-shop'
for consumer mobile as it supports Web, WAP, IMAP4, MMS, SMS and J2ME
interfaces. Such interfaces cover most methods of transmitting mobile data
communications. AxisMobile's platform means that mobile operators no longer need
to integrate platforms from different vendors. This reduces costs. AxisMobile
aims to leverage customer relationships by offering additional products and
services based on its technology platform, hence producing cross-sales and
increasing the value to customers and to its shareholders.
- Consumer mobile email represents a huge growth opportunity for mobile
operators and vendors. The success of mobile communications has become a
worldwide phenomenon with approximately 1.7 billion subscribers globally. In
2005, Forrester research estimated that the number of Western European consumer
mobile email users will increase from 12.3 million in 2005 to 62.7 million by
2008. During the same period, revenues from consumer mobile mail will grow from
Euro120 million per year to Euro1.15 billion per year in Western Europe alone. In the
US, Forrester estimates that the number of consumer mobile email users will
increase from 12.1 million in 2005 to 38 million in 2008 and that revenues will
soar from $13 million per year in 2005 to $406 million in 2008.
- Further information on AxisMobile is available from the AxisMobile website:
www.axismobile.com
About SVM-Israel
- Founded in 1993, SVM Advisors, LLC is a Pennsylvania, USA based technology
merchant banking group. Through its SVM-Israel funds, it has been investing in
Israel since 2002. Its current funds, SVM-Israel Opportunity Fund II, LP and
SVM-Israel Parallel Fund, LP (the "SVM Funds"), are diversified special
opportunity investment vehicles dedicated to investments in the Israeli
private equity markets. The Funds are hybrid vehicles that invest in Israeli
private equity and venture capital funds (the "Underlying Funds") as well as in
Israeli-related private and public operating companies (the "Direct
Investments").
- The SVM-Israel Underlying Funds employ a mix of strategies, including venture
capital, venture lending, secondary LP interests, buyouts, mezzanine financings
and special situations. The managers of these funds include established,
top-tier managers as well as talented emerging managers. Currently, the SVM
Funds hold positions in eight Israeli underlying funds, including several Plenus
funds.
- The Direct Investments are typically co-investments alongside the managers of
the Underlying Funds. The Underlying Funds and Direct Investments all have a
significant presence in Israel. To date, SVM Funds have made two Direct
Investments in Israeli companies.
- For more information on SVM, please contact info@svmadvisors.com
This information is provided by RNS
The company news service from the London Stock Exchange
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