Brief: Lloyd Fonds Buys 90 Pct Of Shares In SPSW Capital

Laiqon AG

25/04/2019 11:47

April 25 (Reuters) - LLOYD FONDS AG  L1OGk.DE :
    * GROWTH SPURT FOR LLOYD FONDS AG WITH SPSW CAPITAL GMBH
    * TO ACQUIRE 90% OF SHARES IN SPSW CAPITAL GMBH
    * ACHIM PLATE NEW CEO OF LLOYD FONDS AG UPON TRANSACTION
BEING
CLOSED
    * CONSOLIDATION WITH SPSW CAPITAL GMBH IS TARGETED FROM
JANUARY 1,
2020
    * BROAD-BASED SALES LAUNCH FOR FOUR NEW RETAIL FUNDS FROM
MAY 2,
2019
    * ALSO DECIDED TO ISSUE A 3-YEAR CONVERTIBLE BOND WITH A
TOTAL
NOMINAL OF UP TO EUR 6.5 MILLION
    * CONTRIBUTION OF 90 % OF SHARES IN SPSW CAPITAL GMBH WILL
TAKE
FORM OF A COMBINED CASH/NON-CASH CAPITAL CONTRIBUTION
    * FY EARNINGS BEFORE TAXES OF AROUND EUR -1.5 MILLION
    * TOTAL REVENUES AND NET FINANCE INCOME ROSE BY 6.9 %
YEAR-ON-YEAR
FROM EUR 8.2 MILLION (2017) TO EUR 8.7 MILLION (2018)
    * COMBINED CASH/NON-CASH CAPITAL CONTRIBUTION IN RETURN FOR
ISSUE
OF 1.5 MILLION NEW SHARES IN LLOYD FONDS AT EUR 6.00 PER SHARE
    * ADDITIONAL CASH PAYMENT AND A PROFIT ADJUSTMENT FOR 2019
    * PURCHASE PRICE WILL BE PAID IN CASH OVER SEVEN YEARS
    * TOTAL AMOUNT EXPECTED IS A TOTAL PURCHASE PRICE IN SHARES
AND
CASH IN MID DOUBLE-DIGIT MILLION RANGE

Source text for Eikon:  ID:nEQ2cfyhBa 
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