Brief: Addnode Group Acquires Software Company S-GROUP Solution

Addnode AB (publ)

30/03/2021 06:37

March 30 (Reuters) - Addnode Group AB (publ)  ANODb.ST :
    * HAS SIGNED AN AGREEMENT TO ACQUIRE SOFTWARE COMPANY S-GROUP SOLUTIONS AB
    * ACQUISITION STRENGTHENS ADDNODE GROUP'S MARKET-LEADING POSITION IN SWEDEN WITHIN MUNICIPAL
TECHNOLOGY SYSTEMS AND GEODATA-BASED SOLUTIONS FOR SMART CITY.
    * PAYMENT OF PURCHASE PRICE UPON COMPLETION IS MADE IN CASH AND THROUGH A NON-CASH ISSUE OF
B
SHARES IN ADDNODE GROUP WITH SUPPORT OF PREVIOUS AUTHORIZATION FROM ADDNODE GROUP'S ANNUAL
GENERAL MEETING
    * ACQUISITION IS EXPECTED TO HAVE A POSITIVE EFFECT ON EARNINGS PER SHARE IN ADDNODE GROUP
    * COMPLETION IS EXPECTED TO TAKE PLACE ON APRIL 1, 2021, AND S-GROUP SOLUTIONS WILL BE
CONSOLIDATED AS PART OF ADDNODE GROUP'S PROCESS MANAGEMENT DIVISION.
    * PAYMENT OF PURCHASE PRICE UPON COMPLETION IS MADE IN CASH AND THROUGH A NON-CASH ISSUE OF
B
SHARES IN ADDNODE GROUP WITH SUPPORT OF PREVIOUS AUTHORIZATION FROM ADDNODE GROUP'S ANNUAL
GENERAL MEETING
    * ACQUISITION IS NOT SUBJECT TO ANY COMPLETION CONDITIONS
    * S-GROUP SOLUTIONS WILL BE CONSOLIDATED AS PART OF ADDNODE GROUP'S PROCESS MANAGEMENT
DIVISION
    * NUMBER OF NEWLY ISSUED B SHARES AMOUNTS TO 204,802, WHICH, CALCULATED AFTER ISSUE,
CORRESPONDS
TO A DILUTION OF 0.61 PER CENT OF SHARE CAPITAL AND 0.48 PER CENT OF VOTING RIGHTS IN ADDNODE
GROUP
    * COMPLETION IS EXPECTED TO TAKE PLACE ON APRIL 1, 2021, AND S-GROUP SOLUTIONS WILL BE
CONSOLIDATED AS PART OF ADDNODE GROUP'S PROCESS MANAGEMENT DIVISION.

Source text for Eikon:  ID:nWkr8LqbBq 
Further company coverage:  ANODb.ST 

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