Brief: Humble Acquires Swecarb And The Brand Vitargo

Humble AB

22/10/2021 14:45

Oct 22 (Reuters) - Humble Group AB  HUMBLE.ST :
    * HUMBLE ACQUIRES SWECARB AND THE BRAND VITARGO
    * PURCHASE PRICE FOR SHARES IN COMPANY AMOUNTS TO A FIXED
REMUNERATION OF SEK 30 MILLION
    * EARN OUTS MAY ALSO BE PAID OUT BASED ON FUTURE EBIT
RESULTS FOR
2021 AND 2022
    * FIXED EARN OUT OF APPROXIMATELY SEK 3,6 MILLION TO BE PAID
OUT
IN 2022
    * COMPANY'S ESTIMATED SALES AND EBITDA FOR NEXT TWELVE
MONTHS
AMOUNT TO APPROXIMATELY SEK 24,2 MILLION AND SEK 8,2 MILLION,
RESPECTIVELY
    * OF PURCHASE PRICE, SEK 22.5 MILLION TO BE PAID OUT IN
CASH,
REMAINING SEK 7.5 MILLION IN FORM OF 281,215 SHARES
    * HAS ENTERED INTO A BINDING AGREEMENT WITH OWNERS OF
SWECARB AB
("THE COMPANY") REGARDING ACQUISITION OF ALL SHARES IN COMPANY

Source text for Eikon:  ID:nWkr693lDc 
Further company coverage:  HUMBLE.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 6600;))