Brief: HT&E Signs Non-Binding Agreement To Sell Soprano To Link Mobility Group

LINK Mobility Holding ASA

18/05/2021 07:55

May 18 (Reuters) - HT&E Ltd  HT1.AX :
    * NON-BINDING AGREEMENT TO SELL SOPRANO
    * SIGNED A NON-BINDING TERM SHEET TO SELL 100% OF SHARES IN
SOPRANO TO LINK MOBILITY GROUP HOLDINGS
    * LINK MOBILITY IS ACQUIRING 100% OF SOPRANO FOR NOK 3,590
MILLION
    * DEAL VALUES CO'S STAKE AT ABOUT A$139 MILLION
    * SOPRANO WILL MAKE A PRE-TRANSACTION DIVIDEND PAYMENT OF UP
TO
AUD 40 MILLION OF WHICH HT&E WOULD RECEIVE AUD 10 MILLION
    * CO WOULD GET FROM LINK A$6.2 MILLION CASH UPFRONT & SHARES
RESULTING IN CO OWNING ABOUT 6.15% IN COMBINED LINK/SOPRANO
BUSINESS

Source text for Eikon:  ID:nAZN016IQN 
Further company coverage:  HT1.AX 

 ((Reuters.Briefs@thomsonreuters.com;))