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Arctic Blue Beverages

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ARCTIC BLUE BEVERAGES ENTERS INTO LOAN AGREEMENTS AMOUNTING TO A TOTAL OF EUR 150,000

MAR

Arctic Blue Beverages AB (the “Arctic Blue Beverages” or the “Company”) has today entered into two loan agreements, each agreement amounting to EUR 75,000 with shareholders Grizzly Hill Capital Ab and Heino Group Oy. The loans run up until January 31, 2025, with an interest rate per annum of 10 percent.

The Company has today entered into two loan agreements amounting to a total of EUR 150,000 with shareholders Grizzly Hill Capital Ab, controlled by board member Gustaf Björnberg, and Heino Group Oy, controlled by board member Petri Heino (the “Lenders”) to strengthen the Company’s working capital. Each loan agreement amounts to EUR 75,000 with an interest rate per annum of 10 percent and runs up until January 31, 2025. The Lenders have the right to, should the Company carry out a share issue before January 31, 2025, and provided that all necessary resolutions have been passed, convert the borrowed amount to shares in the Company. In such case, the subscription price for conversion to shares shall be equal to the applicable subscription price in such share issue.

For more information please contact

Valtteri Eroma, CEO
Phone: +358 44 531 3950
Email: valtteri.eroma@arcticbluebeverages.com

Petri Hirvonen, CFO
Phone: +358 40 571 0834
Email: petri.hirvonen@arcticbluebeverages.com

The company’s Certified Adviser is Eminova Fondkommission AB | +46 8-684 211 10 | adviser@eminova.se

About Us

Arctic Blue Beverages AB is a Nordic beverage company whose best-known products are the multi-award winning Arctic Blue Gin, Arctic Blue Gin Rose, Arctic Blue Laku and the world’s first dairy-free gin-based oat liqueur, Arctic Blue Oat. The company invests heavily into international export and its products are sold in Finland, Sweden, Japan, Australia and more than a dozen other countries. For more information, visit Arctic Blue Beverages webpage https://arcticbluebeverages.com

This information is information that Arctic Blue Beverages is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-03-25 12:06 EET.

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ARCTIC BLUE BEVERAGES ENTERS INTO LOAN AGREEMENTS AMOUNTING TO A TOTAL OF EUR 150,000

Datum 2024-03-25, kl 11:06
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ARCTIC BLUE BEVERAGES ENTERS INTO LOAN AGREEMENTS AMOUNTING TO A TOTAL OF EUR 150,000
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