Brief: MBH Corporation Buys Robinsons Caravans

MBH

16/03/2020 06:59

March 16 (Reuters) - MBH CORPORATION PLC  M8H.DE :
    * MBH CORPORATION PLC ACQUIRES ROBINSONS CARAVANS AND
ESTABLISHES
NEW LEISURE VERTICAL
    * TOTAL CONSIDERATION FOR ACQUISITION IS APPROXIMATELY
BETWEEN
GBP7.2M AND GBP 8.6M (WHICH INCLUDES ACQUISITION OF NET ASSETS
OF APPROXIMATELY GBP 2.5M)
    * FINAL CONSIDERATION AMOUNT WILL BE FINALISED ONCE AUDITED
FINANCIALS STATEMENTS HAVE BEEN COMPLETED FOR YEARS ENDED 31
DECEMBER 2019 AND 31 DECEMBER 2020
    * PRICE 100% SETTLED BY WAY OF AN UNLISTED LOAN NOTE
    * FINANCING LOAN HAS 5 YEAR MATURITY WITH PRINCIPAL PAYABLE
AT
MATURITY, 5% COUPON RATE PER ANNUM PAYABLE SEMI ANNUALLY

Source text for Eikon:  ID:nEQ6HH9L6a 
Further company coverage:  M8H.DE 

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