TIE Kinetix, a leader in 100% supply chain digitalization announces that the company entered into a related party transaction
Breukelen, 31 March 2023, 17.30 – TIE Kinetix, a leader in 100% supply chain digitalization announces that the company entered into a related party transaction.
TIE Kinetix announces that it has entered into a loan agreement with a related party, its shareholder DW Vastgoed Beleggingen BV.Under the terms of the agreement DW Vastgoed Beleggingen can draw up to an amount of € 2 million. The loan carries interest at market rates, is payable quarterly, and is secured with a Senior Pledge on commercial property owned by the lender. On 24 March 2023 an amount of € 1 million has been drawn.
This document may contain expectations about the financial state of affairs and results of the activities of TIE Kinetix as well as certain related plans and objectives, and may be expressed in a variety of ways, such as ‘expects’, ‘projects’, ‘anticipates’, ‘intends’ or similar words. TIE Kinetix has based these forward-looking statements on its current expectations and projections about future events. Such expectations for the future are naturally associated with risks and uncertainties because they relate to future events, and as such depend on certain circumstances that may not arise in future. Various factors may cause real results and developments to deviate considerably from explicitly or implicitly made statements about future expectations. Such factors may for instance be changes in expenditure by companies in important markets, in statutory changes and changes in financial markets, in the salary levels of employees, in future borrowing costs, in future take-overs or divestitures and the pace of technological developments. TIE Kinetix therefore cannot guarantee that the expectations will be realized. TIE Kinetix also refuses to accept any obligation to update statements made in this document.