Brief: Nimbus Acquires American Boat Manufacturer Edgewater Powerboats; Withdraws Dividend Proposal

Nimbus AB (publ)

09/03/2023 07:18

March 9 (Reuters) - Nimbus Group  BOAT.ST :
    * SAID ON WEDNESDAY ACQUIRES AMERICAN BOAT MANUFACTURER
EDGEWATER
POWERBOATS
    * CASH CONSIDERATION OF USD 9.5 MLN ON CASH AND DEBT FREE
BASIS
    * ACQUISITION IS FINANCED WITH EQUITY, CO INTENDS TO CARRY
OUT
DIRECTED SHARE ISSUE OF UP TO 1,937,781 SHARES
    * ACQUISITION OF EDGEWATER IS EXPECTED TO CLOSE DURING
SECOND
QUARTER OF 2023
    * IN LIGHT OF ACQUISITION, INTENDED DIRECTED SHARE ISSUE,
BOD HAS
DECIDED TO WITHDRAW PREVIOUS PROPOSAL FOR DIVIDEND
    * BOD PREFERS TO STRENGTHEN FINANCIAL BUFFER, STABILITY FOR
CO
    * SHALL NOT HAVE ANY LONG-TERM FINANCIAL DEBT

        
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