TIE Kinetix reaches final agreement with guarantor

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Overig advies 14/11/2014 08:04
TIE Kinetix N.V. (“TIE Kinetix”), the leading provider of cloud-managed Demand Generation, E-Commerce, Integration and Analytics & Optimization services, announces the following:

On November 10, 2014, TIE Kinetix announced that the Executive Board reached a preliminary agreement with a party willing to give a guarantee for the full claim to partial repay EU Development Grants.

TIE Kinetix is pleased to announce it has reached final agreement (“the Agreement”) with an existing shareholder, not being Peter van Schaick, to act as guarantor. The guarantor is willing to purchase new issued shares up to an amount of € 2.000.000,=. This extra liquidity will only be used to pay damages as a consequence of the repayment of EU Development grants. In the mean time TIE will continue her attempts to convince the EC to refrain from requesting repayment by TIE Kinetix. This guarantee safeguards the operations of TIE Kinetix from adverse consequences resulting from said damages. As compensation, TIE will pay Guarantor a commission fee of € 300.000,=, which will be paid out in newly issued shares. The headlines of the Agreement are the following:
- The size of the emission will depend on the damages resulting from the repayment of EU Development Grants, with a maximum of € 2.000.000,- plus the amount of the compensation fee, and a minimum equal to the compensation fee (€ 300.000).

- The emission will take place at a price (“Share Issue Price”), based on the volume-weighted average price (VWAP) in the period of twenty (20) trading days after the release of the financial results of full year 2014 (October 1, 2013 – September 30, 2014, which release is now scheduled for November 19, 2014), or higher, with a minimum of € 5,= and maximum of € 7,=.

- The date of the emission and the conditions will be determined by the Executive Board of TIE Kinetix and are subject to approval of the Supervisory Board. In the event the number of shares to be issued exceeds the percentage of 10% (which percentage results from the authorization of the Executive Board, in accordance with the articles of association, regarding the issue of shares and rights to acquire shares (options, warrants, convertibles) and the restriction or exclusion of any pre-emptive rights), approval of the General Meeting of shareholders is required as well.

See a PDF copy of this press release in attached document. 2

Profile TIE Kinetix
TIE Kinetix transforms the digital supply chain by providing Total Integrated E-commerce solutions. These solutions maximize revenue opportunities by minimizing the energy required to market, sell and deliver online. Customers and partners of TIE Kinetix constantly benefit from innovative, field tested, state-of-the-art technologies, which are backed by over 25 years of experience and prestigious awards. TIE Kinetix makes technology to perform, such that customers and partners can focus on their core business.

TIE Kinetix is a public company (NYSE Euronext: TIE), and has offices in the United States, the Netherlands, Germany, UK, Spain, Austria, Switzerland and Australia.






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