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RELAIS - Relais Oyj News Story

€16.45 -0.1  -0.6%

Last Trade - 8:17am

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £252.3m
Enterprise Value £276.9m
Revenue £110.7m
Position in Universe 662nd / 1836

BRIEF-Relais Group Acquires E-Commerce Operator Lumise

Wed 31st March, 2021 12:58pm
March 31 (Reuters) - Relais Group Oyj  RELAIS.HE :
    * RELAIS GROUP PLC MAKES A STRATEGICALLY SIGNIFICANT
ACQUISITION
BY ACQUIRING E-COMMERCE OPERATOR LUMISE LTD
    * RELAIS GROUP PLC MAKES A STRATEGICALLY SIGNIFICANT
ACQUISITION
BY ACQUIRING E-COMMERCE OPERATOR LUMISE LTD
    * WITH ACQUISITION, RELAIS ACCRUES SIGNIFICANT CAPABILITIES,
BOTH
IN TERMS OF SOFTWARE AND PERSONNEL, IN DIGITALIZATION,
E-COMMERCE PLATFORMS AND DATA ANALYTICS
    * PURCHASE PRICE OF SHARES OF LUMISE WAS APPROXIMATELY EUR
10.31
MILLION
    * ACQUISITION CONSTITUTES A STRATEGIC ADVANCEMENT FOR
RELAIS'S
ENTIRE BUSINESS BY ESTABLISHING A MUCH STRONGER DIGITAL CHANNEL
FOR GROUP
    * NET SALES OF LUMISE DURING TWELVE-MONTH PERIOD ENDING IN
FEBRUARY 2021 WERE APPROXIMATELY EUR 11.0 MILLION AND EBITDA
ABOUT EUR 1.1 MILLION
    * LUMISE SERVES AS AN ACCELERATOR FOR GROWTH OF RELAIS'S OWN
BRANDS WITHIN LIGHTING BUSINESS AND CREATES NEW POSSIBILITIES,
ESPECIALLY FOR GLOBAL GROWTH
    * PAYS EUR 7.24 MILLION OF PURCHASE PRICE BY ISSUING, IN A
DIRECTED SHARE ISSUE ORGANIZED IN CONNECTION WITH CLOSING OF
ACQUISITION, A MAXIMUM TOTAL OF 430,559 NEW RELAIS GROUP SHARES
TO KARI KAUHANEN AND OTHER SELLERS
    * REST OF PURCHASE PRICE WILL BE PAID IN CASH.
    * LUMISE WILL BE REPORTED AS PART OF RELAIS GROUP AS OF 1
APRIL
2021

Source text for Eikon:  ID:nWkr4W6lwC 
Further company coverage:  RELAIS.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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