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Link Mobility Group ASA (LINK.OL)

LINK.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Link Mobility Group signs contract with Avida Finans
Tuesday, 7 Mar 2017 02:00am EST 

Link Mobility Group ASA : Signs contract to develop and integrate mobile solutions for Avida Finans AB (Avida) .Avida provides its services in Sweden, Norway and Finland, and solutions delivered by LINK is to be used in all Avida's markets.  Full Article

Link Mobility considers EUR 50 million senior secured debt capital markets transaction
Monday, 6 Feb 2017 02:59am EST 

Link Mobility Group ASA : Has mandated ABG Sundal Collier ASA and Danske Bank to arrange a series of fixed income investor meetings in Nordics commencing on Feb. 7 2017 . 50 million euros ($53.75 million)with a 175 euros borrowing limit, 5-year senior secured debt capital markets transaction may follow .Net proceeds from such transaction will be used to redeem outstanding bank debt and parts of outstanding sellers' credit as well as to finance its growth strategy.  Full Article

Link Mobility Q4 adj. EBITDA more than doubles
Monday, 6 Feb 2017 01:00am EST 

Link Mobility Group ASA : Says reports solid revenue growth in Q4 2016 across all main market . Q4 total operating revenue 256.4 million Norwegian crowns ($31.24 million) versus 119.4 million crowns year ago . Q4 adjusted EBITDA 30.0 million crowns versus 14.1 million crowns year ago . Contemplates issuance of bond of 50 million euro with borrowing limit of 175 million euro to finance outlook through 2018 .Going forward LINK will focus on, among others, consolidation of Nordic, Baltic, German markets and Spanish markets as well as expansion into other major European markets such as Italy and France.  Full Article

Link Mobility signs contract with ONEPARK AS
Friday, 27 Jan 2017 01:00am EST 

LINK Mobility Group ASA :ONEPARK AS, Norwegian parking operator, and LINK Mobility are joining forces to provide mobile communications solutions for ONEPARK's Autopay customers.  Full Article

Link Mobility signs an agreement with Postnord Strålfors
Friday, 20 Jan 2017 01:40am EST 

Link Mobility Group ASA :Link Mobility Sweden has signed a corporate agreement regarding mobile invoicing with Postnord Strålfors.  Full Article

Link mobility to acquire Global Messaging Solutions
Thursday, 19 Jan 2017 01:30am EST 

Link Mobility Group ASA : Intends to acquire all shares in GMS from Gorka Echarri, Angel Sánchez and Jose María Vilches, managers and founders of GMS . Agreed enterprise value of GMS is 11.4 million euros ($12.1 million), on a cash-free and debt free basis . Transaction is expected to close on or about March 31 2017 .Cash part of transaction will be fully financed through Link's corporate funds.  Full Article

Link Mobility intends to acquire didimo Servicios Móviles SL
Friday, 13 Jan 2017 01:30am EST 

Link Mobility Group ASA : Intends to acquire all shares in parent company Didimo Servicios Móviles Sl from founder and ceo of Didimo Servicios Móviles Carlos Cadenas and his partners. . Agreed enterprise value of Didimo is 7.3 million euros ($7.75 million) . Cash part of transaction will thus be fully financed through Link's corporate funds. .Transaction is expected to close on or about March 31 2017..  Full Article

Link Mobility announces result of subsequent offering
Tuesday, 6 Dec 2016 01:50am EST 

Link Mobility Group ASA : Result of subsequent offering . Resolved to allocate and issue maximum of 166,666 new shares at a subscription price of nok 150 per shares .Payment for allocated offer shares falls due on Dec. 8, 2016.  Full Article

Link Mobility Group successfully completes private placement and secondary sale
Thursday, 29 Sep 2016 01:00am EDT 

Link Mobility Group ASA : Successfully completed private placement and secondary sale . Has successfully raised 100 million Norwegian crowns ($12.46 million) in a substantially over-subscribed private placement . Net proceeds from private placement will be used to finance further acquisitions in accordance with company's announced growth targets for 2018 .In addition, all 616,782 existing shares offered in the secondary sale, weresold at a price of 150 crowns per share, equal to the subscription price in thePrivate Placement.  Full Article

Link Mobility Group: Extended loan agreement with Danske Bank
Thursday, 22 Sep 2016 01:00am EDT 

Link Mobility Group ASA : Has entered into extended loan agreement with Danske Bank regarding funding of announced acquisitions . Acquisitions include Linus AS in Norway, Globalmouth Marketing AB in Sweden, Labyrintti Group in Finland and Whatever Mobile Group in Germany . After closing of acquisition of Responsfabrikken in Denmark, 64 million Norwegian crowns ($7.77 million) of credit line in Danske Bank of 85 million crowns remained unused; Danske Bank has now increased this funding facility with 62 million crowns, providing total funding of 126 million crowns .Acquisitions are to be financed through LINK-model; a combination of cash on closing, shares in Link Mobility Group ASA and seller's credit.  Full Article

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