Brief: Metacon Buys Remaining Shares In Helbio

Metacon AB (publ)

04/06/2021 07:32

June 4 (Reuters) - Metacon AB (publ)  METAC.NGM :
    * METACON AB ACQUIRES REMAINING SHARES IN HELBIO
    * HAS REACHED AN AGREEMENT TODAY TO ACQUIRE REMAINING 41.13%
OF
SHARES IN HELBIO HOLDINGS SA IN AN ALL-STOCK TRANSACTION
    * METACON ALREADY OWNS 58.87% OF HELBIO SINCE BEFORE
    * FOLLOWING ACQUISITION, HELBIO HOLDINGS WILL BE A WHOLLY
OWNED
SUBSIDIARY OF METACON IN PRODUCT CATEGORIES HYDROGEN GENERATION
AND ENERGY SYSTEMS
    * SHARES ARE BEING ACQUIRED FROM A NUMBER OF DIFFERENT
SHAREHOLDERS AT A VALUATION OF ABOUT SEK 315M FOR 100% OF
COMPANY
    * METACON WILL PAY ABOUT SEK 129.4 MILLION IN TOTAL
CONSIDERATION
FOR 41.13%, BY WAY OF ISSUING 23,556,273 METACON SHARES, FIXED
AT SEK 5.50 PRICE PER SHARE
    * THERE WILL BE 256,763,575 SHARES ISSUED AND OUTSTANDING IN
METACON POST HELBIO TRANSACTION

Source text for Eikon:  ID:nWkrbpRjy4 
Further company coverage:  METAC.NGM 

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