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PU11 - Social Chain AG News Story

€39 -0.1  -0.3%

Last Trade - 4:14pm

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £420.3m
Enterprise Value £492.9m
Revenue £43.1m
Position in Universe 521st / 1041

BRIEF-Social Chain Buys All Shares In DS Holding, Resolves Capital Increase

Tue 19th October, 2021 7:49am
Oct 19 (Reuters) - SOCIAL CHAIN AG  PU11n.DE :
    * ACQUIRES ALL SHARES IN DS HOLDING GMBH AND RESOLVES ON
CAPITAL
INCREASE IN KIND
    * CONTRIBUTION TO BE PAID TO SHAREHOLDERS OF DSH CONSISTS OF
2,855
MILLION NEWLY ISSUED SHARES AND A CASH PURCHASE PRICE OF EUR 100
MILLION
    * BASED ON FINAL STOCK MARKET CLOSING PRICE OF TSC SHARES ON
18
OCTOBER 2021 OF EUR 42.20, SHARE COMPONENT AMOUNTS TO EUR 120.5
MILLION
    * CASH PURCHASE PRICE IS TO BE FINANCED THROUGH A
COMBINATION OF
DEBT AND EQUITY CAPITAL
    * PARTIES EXPECT CLOSING OF TRANSACTION AND SUBSEQUENT
ISSUANCE OF
NEWLY CREATED SHARES IN Q4 2021
    * EXPECTS TOTAL REVENUES (PRO FORMA CONSOLIDATED) FOR 2021
FINANCIAL YEAR OF EUR 620 MILLION WHICH REVOKES FORECAST LAST
CONFIRMED IN HALF-YEAR CONSOLIDATED FINANCIAL STATEMENTS OF 2
SEPTEMBER 2021 IN ITS ENTIRETY

Source text for Eikon:  ID:nEQccqlVXa 
Further company coverage:  PU11n.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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