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PU11 - Social Chain AG News Story

€40.3 0.6  1.5%

Last Trade - 10:14am

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £426.0m
Enterprise Value £498.5m
Revenue £43.0m
Position in Universe 519th / 1049

BRIEF-The Social Chain Increases Its Revenue Forecast For 2020

Tue 17th November, 2020 12:17pm
Nov 17 (Reuters) - THE SOCIAL CHAIN AG  PU11n.DE :
    * THE SOCIAL CHAIN AG ACQUIRES ALL SHARES OF CARL WILHELM
CLASEN
GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG AND INCREASES ITS REVENUE
FORECAST FOR 2020
    * PARTIES EXPECT TRANSACTION TO BE COMPLETED IN REM BY END
OF
FINANCIAL YEAR
    * INCREASES ITS REVENUE FORECAST BY 15 PERCENT TO 230
MILLION
EUROS (PRO FORMA CONSOLIDATED)
    * IN RETURN FOR PART OF SHARES IN CLASEN, COMPANY PAYS A
FIXED
CASH PAYMENT IN SINGLE-DIGIT MILLION RANGE TO ALL SHAREHOLDERS
    * PARTIES HAVE AGREED NOT TO DISCLOSE FURTHER CONDITIONS
    * A TOTAL OF 100,000 NEW SHARES IN COMPANY ARE TO BE ISSUED
FOR
THIS PURPOSE
    * FURTHER PART OF SHARES WILL BE CONTRIBUTED TO COMPANY
WITHIN
CONTEXT OF A NON-CASH CAPITAL INCREASE

Source text for Eikon:  ID:nEQ5PZSK7a 
Further company coverage:  PU11n.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;;))
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