Brief: Huddlestock FinTech Divests Of Huddlestock Solutions As Through A Management Buyout Agreement

Huddlestock Fintech AS

27/09/2023 18:25

Sept 27 (Reuters) - Huddlestock Fintech AS  HUDL.OL :
    * HUDDLESTOCK FINTECH DIVESTS OF HUDDLESTOCK SOLUTIONS AS
THROUGH
A MANAGEMENT BUYOUT AGREEMENT
    * TRANSACTION WILL HAVE AN ANNUAL REVENUE REDUCTION OF
APPROXIMATELY MNOK 19 BASED ON HISTORICAL REVENUES
    * CONSIDERATION FOR DIVESTMENT, HUDDLESTOCK RECEIVES
1,806,591
HUDDLESTOCK-SHARES TO BE HELD AS TREASURY SHARES
    * IT IS EXPECTED TO HAVE POSITIVE EBITDA IMPROVEMENT OF MNOK
1.0
IN 2023 AND ANOTHER MNOK 1.0 IN 2024
    * BALANCE SHEET WILL BE AFFECTED WITH A REDUCTION IN Q3 OF
APPROXIMATELY MNOK 5

Source text for Eikon:  ID:nObinpSZwa 
Further company coverage:  HUDL.OL 

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