Brief: MBH Corporation Buys 100% Of Samuel Hobson Care Homes

MBH

21/08/2019 05:59

Aug 21 (Reuters) - MBH Corporation PLC  M8H.DE :
    * DGAP-ADHOC: MBH CORPORATION ACQUIRES SAMUEL HOBSON CARE HOMES
    * AGREED TO ACQUIRE 100% OF SAMUEL HOBSON CARE HOMES WITH FULL COMPLETION SUBJECT TO
EXECUTED
LEGAL COMPLETION CONTRACTS
    * VALUE OF ASSETS IS EXPECTED TO BE APPROXIMATELY GBP 2 MILLION
    * ACQUISITION IS EXPECTED TO BE COMPLETED BY END OF 2019
    * CONSIDERATION FOR ACQUISITION INCLUDING FREEHOLD REAL ESTATE ASSET WILL BE IN RANGE OF GBP
2.2
TO 2.6 MILLION
    * EXPECTED EBITDA FOR FINANCIAL YEAR ENDING 31 DECEMBER 2018 IS APPROXIMATELY GBP 145,000
    * SHARE PRICE WILL BE 30 DAYS VOLUME WEIGHTED AVERAGE PRICE ON COMPLETION DATE
    * 100% OF CONSIDERATION WILL BE SETTLED BY WAY OF ISSUANCE OF MBH SHARES
    * TOTAL NUMBER OF MBH SHARES ISSUED AFTER COMPLETION OF THIS ACQUISITION WILL BE BETWEEN
RANGE OF
53 MILLION AND 61 MILLION SHARES

Source text for Eikon:  ID:nEQ1txbw7a 
Further company coverage:  M8H.DE 

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