”As mentioned in our First North Announcement of 25 November 2009, the
Company's management considers the current standby capital as tight due to the
lack of available funds. The Company has therefore initiated negotiations with
its bankers with a view to achieving a clarification concerning the Company's
burden of debt as the bankers' requirements for current repayment of the
Company's debt does not leave any scope for the Company to continue the
successful development it has experienced over the latest 6 months, on the
contrary the bankers' requirements create substantial drains on the Company's
liquidity.
The Company's negotiations are seconded by the Company's most important
shareholder, Netbooster SA, which will be willing to inject additional capital
into the Company subject to certain conditions.
The Company expects a positive outcome of the negotiations in progress within
the next 4-5 weeks, and then the market will receive further information.”
With kind regards
Guava A/S
Nils Carlsson Ole Sigetty
Group Chief Executive Officer Chairman
Further information can be obtained by contacting the following persons:
Guava A/S Horwath Revisorerne (Certified Adviser)
Amaliegade 3-5 Strandvejen 58
DK-1256 København K DK-2900 Hellerup
Nils Carlsson Søren Jonassen / Thomas Viscovich
GroupChief Executive Officer State Authorised Public Accountant
Tlf.: 70 27 80 89 Tlf.: 39 29 25 00
Mail: ir@guava.com Mail: s.jonassen@revisor.com
t.viscovich@revisor.com