Brief: Momentum Group To Investigate Possibility Of Splitting Into Two Separate Listed Companies

Alligo AB

09/04/2021 07:11

April 9 (Reuters) - Momentum Group AB  MMGRb.ST :
    * BOARD OF DIRECTORS OF MOMENTUM GROUP TO INVESTIGATE THE
POSSIBILITY OF SPLITTING THE GROUP INTO TWO SEPARATE LISTED
COMPANIES
    * HAS DECIDED TO ASSIGN GROUP MANAGEMENT TASK OF
INVESTIGATING
POSSIBILITY OF SPLITTING GROUP INTO TWO SEPARATE LISTED
COMPANIES AS WELL AS CONDITIONS FOR SUCH A SPLIT
    * AIM WOULD BE TO INCREASE SHAREHOLDER VALUE IN BOTH SHORT
AND
LONG TERM BY INCREASED FOCUS
    * FURTHER INFORMATION ON RESULTS OF INVESTIGATION WILL BE
PRESENTED BY BOARD DURING FINANCIAL YEAR
    * GOAL IS TO ACHIEVE AN EBITA MARGIN OF 10 PERCENT FOR
COMBINED
OPERATIONS BY END OF 2023

Source text for Eikon:  ID:nWkrvV3Cx 
Further company coverage:  MMGRb.ST 

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