Brief: Alcadon Group Signs Agreement To Acquire UK-Based Networks Centre Holding Company Ltd And Its Subsidiaries In The UK And The Netherlands

Alcadon AB

10/08/2022 24:13

Aug 9 (Reuters) - Alcadon Group AB  ALCA.ST :
    * ALCADON GROUP SIGNS AGREEMENT TO ACQUIRE UK-BASED NETWORKS
CENTRE HOLDING COMPANY LTD AND ITS SUBSIDIARIES IN THE UK AND
THE NETHERLANDS
    * PURCHASE PRICE AMOUNTS TO GBP 31,5 MILLION ON A CASH AND
DEBT
FREE BASIS
    * ACQUISITION INCREASES ALCADON'S CASH EARNINGS PER SHARE
(CASH
EPS) BY APPROXIMATELY SEK 1,24
    * GROUP'S NET DEBT WILL INCREASE BY APPROXIMATELY SEK 380
MILLION
AFTER ACQUISITION.
    * FOLLOWING ACQUISITION, CURRENT GROUP MD, DUNCAN LINDSAY,
WILL
ASSUME ROLE OF SENIOR VICE PRESIDENT UK WITHIN ALCADON GROUP
    * ALCADON- 5.8 MILLION PAID IN NEWLY ISSUED SHARES OF CO;
REMAINDER VIA EXISTING CASH IN CO, REFINANCING OF EXISTING LOANS
OF SEK 130 MILLION ALONG WITH NEW BANK LOAN OF SEK 250 MILLION
WITH A TERM OF 3+1 YEARS

Source text for Eikon:  ID:nWkr2JC7k9 
Further company coverage:  ALCA.ST 

 ((Reuters.Briefs@thomsonreuters.com;))