Brief: Lagercrantz Acquires Tykoflex

Lagercrantz AB

21/12/2022 13:28

Dec 21 (Reuters) - Lagercrantz Group AB  LAGRb.ST :
    * ACQUIRES TYKOFLEX
    * TYKOFLEX IS EXPECTED TO HAVE TURNOVER OF ABOUT SEK 140
MILLION
IN 2022 WITH AN EBITA OF SEK 22-24 MILLION
    * PARTIES HAVE AGREED ON PURCHASE PRICE CONSISTING OF CASH,
658,452 NEWLY ISSUED B-SHARES IN CO, SUBSCRIBED FOR BY SELLER
ANDOR INTRESSENTER
    * SUBSCRIPTION PRICE AMOUNTS TO SEK 106.31
    * THIS MEANS A DILUTION EFFECT OF ABOUT 0.31%OF SHARE
CAPITAL AND
APPROXIMATELY 0.22% OF VOTES
    * 80% OF NEW SHARES ARE SUBJECT TO TRANSFER RESTRICTIONS,
SO-CALLED LOCK-UP, WITH CUSTOMARY EXCEPTIONS
    * 30% OF NEW SHARES MAY NOT BE DISPOSED OF WITHIN 6 MONTHS,
50% OF
NEW SHARES MAY NOT BE DISPOSED OF WITHIN 12 MONTHS
    * TYKOFLEX WILL BE PART OF DIVISION ELECTRIFY FROM DECEMBER
2022
    * ACQUISITION IS EXPECTED TO GENERATE SMALL POSITIVE
CONTRIBUTION
TO CO'S EARNINGS PER SHARE ON ANNUAL BASIS

Source text for Eikon:  ID:nWkr4S5Thb 
Further company coverage:  LAGRb.ST 
 (Gdansk Newsroom)
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