Brief: MBH Acquires Intercity Taxis

MBH

05/05/2021 10:34

May 5 (Reuters) - MBH CORPORATION PLC  M8H.DE :
    * MBH COMPLETES ITS 26TH ACQUISITION BY ACQUIRING INTERCITY
TAXIS
TO FURTHER GROW ITS TRANSPORT VERTICAL
    * TOTAL CONSIDERATION FOR ACQUISITION OF INTERCITY IS
APPROXIMATELY GBP 3-4M (PENDING AUDIT) WHICH WILL BE SETTLED
MOSTLY BY WAY OF MBH LISTED BOND WITH FOLLOWING TERMS
    * 5-YEAR MATURITY WITH PRINCIPAL PAYABLE AT MATURITY; AND
    * 5% COUPON RATE PER ANNUM PAYABLE SEMI-ANNUALLY
    * AFTER THIS ACQUISITION, MBH WOULD HAVE UTILISED
APPROXIMATELY
EUR37M OF ITS BOND PROGRAMME LEAVING A BALANCE OF EUR13M TO BE
UTILISED IF REQUIRED
    * NUMBER OF SHARES ISSUED AS AT DATE OF THIS RELEASE IS 72M

Source text for Eikon:  ID:nEQ9P7xRca 
Further company coverage:  M8H.DE 

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