Brief: Dgap-Adhoc Oti Greentech AG Oti Greentech AG Signs Agreement To Acquire Kmi Cleaning Solutions, Inc.

OTI Greentech AG

30/07/2021 09:24

OTI Greentech AG  NSAK.D :
    * DGAP-ADHOC: OTI GREENTECH AG: OTI GREENTECH AG SIGNS
AGREEMENT
TO ACQUIRE KMI CLEANING SOLUTIONS, INC.
    * OTI GREENTECH AG - PURCHASE PRICE INCLUDES A CASH
COMPONENT OF
US$ 2.762 MILLION, OF WHICH US$ 1.120 MILLION IS DUE AT TIME OF
ACQUISITION
    * OTI GREENTECH AG - REMAINING AMOUNT WILL BE PAID IN
VARIABLE
INSTALLMENTS OVER TIME
    * OTI GREENTECH AG - IN ADDITION TO CASH COMPONENT, ANOTHER
2,996,095 SHARES WILL BE ISSUED AS PART OF CAPITAL INCREASE
THROUGH CONTRIBUTIONS IN KIND
    * OTI GREENTECH AG - AFTER CONSOLIDATION, OTI EXPECTS
REVENUES OF
APPROXIMATELY EUR 8.5 MILLION AND POSITIVE EARNINGS BEFORE
INTEREST, TAXES, DEPRECIATION AND AMORTIZATION, EBITDA, IN 2021
    * OTI GREENTECH AG - VALUE PER SHARE OF EUR 1.18 WAS AGREED
    * OTI GREENTECH AG - THIS WILL INCREASE NOMINAL EQUITY TO
EUR
10,514,235 BY END OF 3RD QUARTER OF 2021
    * OTI GREENTECH AG - LEGAL IMPLEMENTATION AND CLOSING OF
ACQUISITION IS EXPECTED BY END OF AUGUST 2021

Source text for Eikon:  ID:nEQ61327Ma 
Further company coverage:  NSAK.D