Brief: Green Landscaping Acquires Oveland Utemiljø

Green Landscaping AB (publ)

30/10/2020 12:03

Oct 30 (Reuters) - Green Landscaping Group AB  GREENL.ST :
    * GREEN LANDSCAPING ACQUIRES OVELAND UTEMILJØ AS IN
NORWEGIAN
SØRLANDET
    * GREEN LANDSCAPING GROUP ACQUIRES 100 PERCENT OF SHARES IN
OVELAND UTEMILJØ WITH ACCESS TODAY, OCTOBER 30
    * BOARD HAS THEREFORE, WITHIN SCOPE OF AUTHORIZATION FROM
ANNUAL
GENERAL MEETING ON 14 MAY 2020, TODAY DECIDED ON A DIRECTED
ISSUE OF 225,056 SHARES IN GREEN LANDSCAPING GROUP, AIMED AT
SELLERS OF OVELAND UTEMILJØ
    * SUBSCRIPTION PRICE AMOUNTS TO SEK 37.97 PER SHARE AND IS
BASED
ON A WEIGHTED AVERAGE PRICE
    * ACQUISITION IS FINANCED WITHIN EXISTING CREDIT FACILITIES
AND
ISSUE OF OWN SHARES
    * ACQUISITION IS NOT EXPECTED TO HAVE A SIGNIFICANT IMPACT
ON
GREEN'S EARNINGS FOR 2020
    * THROUGH PRIVATE PLACEMENT, NUMBER OF SHARES IN GREEN
LANDSCAPING
GROUP INCREASES BY 225,056 SHARES TO A TOTAL OF 47,507,450
SHARES
    * PREVIOUS OWNERS OF OVELAND UTEMILJØ IS NOW PART-OWNERS IN
GREEN
LANDSCAPING GROUP AB

Source text for Eikon:  ID:nWkr5yKvyV 
Further company coverage:  GREENL.ST 

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