Brief: Bambuser Acquires Relatable
17/05/2021 07:04
May 17 (Reuters) - Bambuser AB BUSER.ST :
* BAMBUSER AB ACQUIRES RELATABLE
* BAMBUSER AB ACQUIRES RELATABLE
* HAS TODAY ENTERED INTO AN AGREEMENT WITH SHAREHOLDERS OF
JEFFERSON AB
* TODAY ENTERED INTO AN AGREEMENT WITH SHAREHOLDERS OF
JEFFERSON
AB ("RELATABLE") TO ACQUIRE 100 PERCENT OF SHARES IN RELATABL
* ACQUISITION WILL ADD SIGNIFICANT VALUE TO COMPANY AND ITS
SHAREHOLDERS BY ACCELERATING SAAS REVENUES AND IMPROVING
CUSTOMER LIFETIME VALUE
* PURCHASE PRICE CORRESPONDS TO AN ENTERPRISE VALUE OF SEK
200
MILLION
* IN ADDITION, ACQUISITION WILL ADD KEY TALENT TO
PREDOMINANTLY
BAMBUSER'S GLOBAL SALES TEAMS
* ACQUISITION WILL ADD SIGNIFICANT VALUE TO COMPANY AND ITS
SHAREHOLDERS BY ACCELERATING SAAS REVENUES AND IMPROVING
CUSTOMER LIFETIME VALUE
* TRANSACTION COMES AFTER A SUCCESSFUL PARTNERSHIP PERIOD
BETWEEN
BAMBUSER AND RELATABLE THAT STARTED IN AUGUST 2020.
* PURCHASE PRICE WILL BE PAID PARTLY IN CASH AND PARTLY IN
FORM OF
NEWLY ISSUED SHARES IN BAMBUSER.
* RELATABLE WILL BE INCORPORATED INTO BAMBUSER'S
CONSOLIDATED
FINANCIAL STATEMENTS AS OF JUNE 1, 2021
* COMPLETION OF TRANSACTION IS EXPECTED TO TAKE PLACE ON OR
AROUND
31 MAY 2021.
* PURCHASE PRICE, WHICH IS BASED ON AN ENTERPRISE VALUE OF
SEK
200,000,000 AS ADJUSTED FOR NET CASH AND WORKING CAPITAL, IS
PAID PARTLY THROUGH NEWLY ISSUED SHARES IN BAMBUSER EQUIVALENT
TO A VALUE OF SEK 100,000,000
* CONSIDERATION SHARES ARE ISSUED AT A PRICE PER SHARE BASED
ON
VOLUME-WEIGHTED AVERAGE PRICE OF BAMBUSER SHARE AS QUOTED ON
NASDAQ FIRST NORTH GROWTH MARKET DURING TEN TRADE DAYS PRECEDING
THIS ANNOUNCEMENT EQUAL TO SEK 22.47 PER SHARE.
* FOLLOWING COMPLETION OF TRANSACTION, SELLERS OF RELATABLE
WILL
HOLD 2.205 PERCENT OF OUTSTANDING SHARES AND VOTES IN BAMBUSER.
* RELATABLE WILL BE INCORPORATED INTO BAMBUSER'S
CONSOLIDATED
FINANCIAL STATEMENTS AS OF JUNE 1, 2021
Source text for Eikon: ID:nWkr7NKTHZ
Further company coverage: BUSER.ST
(Gdansk Newsroom)
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