Brief: Freelance.com Signs MoU And Draft Contribution Agreement In View Of Merger With Helvetic Payroll

Freelance.com SA

20/09/2021 17:10

Sept 20 (Reuters) - Freelance.com SA  ALFRE.PA :
    * SIGNING OF THE MEMORANDUM OF UNDERSTANDING AND DRAFT
CONTRIBUTION AGREEMENT WITH HELVETIC PAYROLL
    * ACQUISITION, WHICH SIGNIFICANTLY ENHANCES GROUP'S
EARNINGS, WILL
BE FINANCED BY NEW BANK LOANS AND AN EXCHANGE OF SECURITIES WITH
ALL OF HELVETIC PAYROLL'S SHAREHOLDERS
    * ANNOUNCES THAT IT HAS SIGNED A MEMORANDUM OF UNDERSTANDING
AS
WELL AS A DRAFT CONTRIBUTION AGREEMENT, SUBJECT TO CONDITIONS
PRECEDENT, WITH A VIEW TO A MERGER WITH HELVETIC PAYROLL GROUP
    * HAS RAISED ITS 2021 PROFORMA TURNOVER TARGET TO BETWEEN
EUR 620M
AND EUR 640M (VERSUS EUR 600M INITIALLY), WITH REITERATED TARGET
OF ACHIEVING EUR 1BN IN REVENUE BY 2025
    * THIS PLANNED ACQUISITION WILL BE CONCLUDED PARTLY IN CASH
AND
PARTLY IN FREELANCE.COM BSAS

Source text for Eikon:  ID:nEQrJ76Fa 
Further company coverage:  ALFRE.PA 

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