Brief: Novabase FY Net Profit Up At 8.9 Mln Euros YoY, To Launch Offer For Acquisition Of 20% Of Its Share Capital

Novabase SGPS SA

16/02/2023 17:11

Feb 16 (Reuters) - Novabase SGPS SA  NBA.LS :
    * FY TURNOVER 163.4 MILLION EUROS
    * FY NET PROFIT 8.9 MILLION EUROS
    * FY EBITDA 14.0 MILLION EUROS
    * REGARDING 2019 GUIDANCE FOR 2023 IT'S HIGHLY UNLIKELY
NEXT-GEN
REACH ITS TARGETS
    * BOARD MAINTAINS ITS INTENTION TO PAY REMAINING EUR 0.42
(OF EUR
1.5 DEFINED FOR PERIOD 2019-2023) BY END OF YEAR
    * TO LAUNCH PARTIAL TENDER OFFER FOR ACQUISITION OF UP TO
6.3
MILLION SHARES REPRESENTING 20% OF ITS SHARE CAPITAL
    * OFFERED CONSIDERATION FOR ACQUISITION OF SHARES OBJECT OF
THIS
OFFER IS OF €4.85 PER SHARE, TO BE PAID IN CASH
    * OFFERED CONSIDERATION REPRESENTS PREMIUM PER SHARE OF
ABOUT 21.5
% OVER AVERAGE CLOSING SHARE PRICE OF LAST 6 MONTHS, 10.7 % OVER
YESTERDAY'S CLOSING SHARE PRICE

Source text: https://bit.ly/3I8jfmc https://bit.ly/3ItAL5C
Further company coverage:  NBA.LS 
 (Gdansk Newsroom)
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