Silvan G.-R. Meier Takes Over Ferguson's Share Package

Meier Tobler AG

07/05/2020 06:17

May 7 (Reuters) - MEIER TOBLER GROUP AG  METG.S :
    * SILVAN G.-R. MEIER TAKES OVER FERGUSON'S SHARE PACKAGE AND
GRANTS SUBSCRIPTION RIGHTS TO CO-SHAREHOLDERS
    * CO-SHAREHOLDERS SHOULD HAVE SUBSCRIPTION RIGHTS TO
PURCHASE
ADDITIONAL SHARES
    * PURCHASE PRICE IS CHF 8.75 PER SHARE
    * SILVAN G.-R. MEIER WILL NOW HOLD 72.7% OF MEIER TOBLER'S
CAPITAL
DIRECTLY AND INDIRECTLY VIA MEIER CAPITAL AG
    * AFTER A SATISFACTORY START TO Q1 2020, MEIER TOBLER SAW
SIGNIFICANT DROP IN DEMAND OF OVER 20% FROM SECOND HALF OF MARCH
    * CAN PROBABLY AVOID A NEGATIVE OPERATING CASH FLOW IN THE
CRISIS
MONTHS OF APRIL AND MAY AND ACHIEVE A SLIGHTLY POSITIVE RESULT
AT EBITDA LEVEL
    * AN OUTLOOK FOR THE YEAR AS A WHOLE CANNOT BE ESTIMATED AT
THE
PRESENT TIME

Source text for Eikon:  ID:nEQ7TRsXXa 
Further company coverage:  METG.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;;))