Brief: MBH Corporation PLC Secures EUR 20 Mln Capital Commitment To Support Acquisition Strategy

MBH

02/04/2019 08:07

April 2 (Reuters) - MBH CORPORATION PLC  M8H.DE :
    * SECURES EUR20 MILLION CAPITAL COMMITMENT TO SUPPORT
ACQUISITION
STRATEGY
    * GEM SIGNED AGREEMENT WITH MBH CORPORATION PLC WHICH ALLOWS
MBH
TO A DRAW DOWN AN EQUITY FACILITY WORTH UP TO EUR 20 MILLION
    * SAYS PROCEEDS FROM FACILITY PROVIDE A FLEXIBLE TOOL TO
MBH'S
ACQUISITION STRATEGY
    * WILL HAVE ACCESS TO FACILITY FOR UP TO 5 YEARS
    * GEM WILL BE ISSUED 4 MILLION OPTIONS FOR 5-YEAR EXERCISE
PERIOD
PRICED AT EUR 2.10 FOR FIRST YEAR AND 50% PREMIUM OF SHARE PRICE
FOR REMAINDER OF TERM

Source text for Eikon:  ID:nEQ8GqvmFa 
Further company coverage:  M8H.DE 

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