Brief: Loihde Acquires Cloud Service Company Onrego

Loihde Oyj

01/11/2022 06:24

Nov 1 (Reuters) - Loihde Oyj  LOIHDE.HE :
    * INCREASES ITS CLOUD EXPERTISE BY ACQUIRING CLOUD SERVICE
COMPANY
ONREGO LTD AND HAS DECIDED ON A DIRECTED SHARE ISSUE AGAINST
PAYMENT
    * PLANNED IMPLEMENTATION DATE OF ACQUISITION IS 1 DECEMBER
2022
    * BOARD OF DIRECTORS HAS DECIDED ON A DIRECTED SHARE ISSUE
AGAINST
PAYMENT TO ONREGO'S OWNER
    * DEBT-FREE PRICE OF TRANSACTION IS EUR 4.3 MILLION AND IT
IS PAID
ENTIRELY IN CASH
    * PARTIES HAVE AGREED ON A REINVESTMENT BY ONREGO LTD'S
OWNER,
WHICH IS WORTH ABOUT EUR 600,000, OR ABOUT 14% OF ENTIRE
TRANSACTION PRICE
    * ACQUISITION DOES NOT AFFECT LOIHDE'S OUTLOOK FOR 2022 OR
FINANCIAL TARGETS FOR STRATEGY PERIOD 2021-2024
    * SHARE SUBSCRIPTION PERIOD IS 1 DECEMBER 2022 AND
SUBSCRIPTION
PRICE IS EUR 11.99 PER SHARE

Source text: https://bit.ly/3zxbVgv
Further company coverage:  LOIHDE.HE 
 (Gdansk Newsroom)
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