Brief: Poolia And Uniflex To Merge

PION AB

04/06/2018 07:27

Poolia Ab  POOLb.ST :
    * POOLIA AND UNIFLEX TO MERGE
    * MERGER IS CARRIED OUT BY POOLIA ABSORBING UNIFLEX,
    * SHARES IN UNIFLEX ARE REPLACED BY NEW SHARES IN POOLIA.
    * MERGER WILL TAKE PLACE AT AN EXCHANGE RATIO ENTAILING THAT
EACH
SHARE IN UNIFLEX IS EXCHANGED BY 1.7 NEW SHARES IN POOLIA
    * JAN BENGTSSON, CEO AND PRESIDENT OF UNIFLEX, IS PROPOSED
AS CEO
AND PRESIDENT OF MERGED COMPAN
    * IN MEDIUM TERM, REVENUE SYNERGIES ARE ESTIMATED TO HAVE A
POSITIVE ANNUAL EFFECT ON OPERATING PROFIT OF ABOUT SEK 10
MILLION
    * MERGER  TO ENTAIL BENEFITS FROM ECONOMIES OF SCALE AND
COST
SYNERGIES WITH IMPACT ON OPERATING PROFIT OF ABOUT SEK 20
MILLION ANNUALLY
    * TRANSACTION COSTS AND NON-RECURRING COSTS FOR REALISING
SYNERGIES ARE EXPECTED TO AMOUNT TO APPROXIMATELY SEK 20 MILLION
    * JAN BENGTSSON, CEO AND PRESIDENT OF UNIFLEX, IS PROPOSED
AS CEO
AND PRESIDENT OF MERGED COMPANY
    * INTENTION IS TO PROPOSE BJÖRN ÖRÅS AS CHAIRMAN OF NEW
BOARD OF
DIRECTORS
    * PARENT COMPANY OF MERGED GROUP IS PROPOSED TO CONTINUE
WITH NAME
POOLIA AB

Source text for Eikon:  ID:nWkr3X5ch5 
Further company coverage:  POOLb.ST