Brief: Nedsense reaches agreement on sale of LOFT division

MKB Nedsense NV

04/01/2016 06:23

Jan 4 (Reuters) - Nedsense Enterprises NV  NEDSE.AS : 
    * Has reached agreement on sale of LOFT division 
    * Sale amount a purchase price of 8.0 million euro ($8.7 
million) 
    * The transaction is expected to be completed on 29 
February 2016 
    * Proceeds of transaction will be used to repay all 
outstanding debt of Nedsense 
    * In addition executive board and supervisory board of 
Nedsense intend to declare an interim dividend of 0.03 euro per 
Nedsense ordinary share 
    * Following closing of transaction Nedsense will no longer 
have any operational activities 
    * Aarts (CEO) and Pullens (COO) will resign as members of 
executive board and will transfer to LOFT division 
    * The executive board and the supervisory board are 
currently exploring alternatives for Nedsense, which may include 
a sale or liquidation of Nedsense 
 
Source text: http://bit.ly/1mub8Fj 
Further company coverage:  NEDSE.AS  
 
($1 = 0.9180 euros) 
 
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