The Board of Directors of OIM plc announces the cancellation of the Zero Bond placement
OIM plc has not received sufficient subscriptions to successfully close the placement of an initial tranche of 12.5 million under the €50 million Zero Bond. Since OIM plc is of the opinion that the implementation of the company’s underlying business plan – including the roll-out of a financial platform for providing financial services to small and mid-cap companies as well as to investors in the Benelux - required a full subscription of the initial tranche of the Zero Bond, OIM plc has decided to cancel the Zero Bond placement.
As a result of this cancellation, the proposed investment in Today’s Beheer and Broker Holding BV, which was announced in our press release dated 15 February 2012, will not be completed either.
It is expected that the cancellation of the Zero Bond placement will have no negative effect on the company’s day-to-day business and that the existing activities of OIM plc (such as Fleischhauer, MySparta AG / Mad-Croc) will generate further growth.
For additional information, please contact:
OIM plc
Marius Ritskes, CEO
+31 40 214 65 65
info@oimplc.com