Brief: USU Software AG Announces Provisional Figures For 2023, Expansion Of Product Business, And Delisting Plans

USU Ventures AG

12/03/2024 17:24

March 12 (Reuters) - Usu Software Ag  OSPGk.DE :
    * EQS-ADHOC: USU SOFTWARE AG ANNOUNCES PROVISIONAL FIGURES
FOR
2023, EXPANSION OF PRODUCT BUSINESS, AND DELISTING PLANS
    * CONFIRMED ITS ANNUAL FORECAST AND GENERATED SALES OF EUR
132
MILLION AND ADJUSTED EBITDA OF EUR 13.3 MILLION IN 2023
    * PLANNING CONSIDERABLE FURTHER EXPANSION OF COMPANY'S
PRODUCT
BUSINESS AND THAT OF ITS SUBSIDIARIES
    * PRODUCT BUSINESS IS TO BE CONSOLIDATED AND LEGALLY AND
OPERATIONALLY SEPARATED FROM OTHER DIVISIONS
    * CO'S MANAGEMENT BOARD HAS ASKED MAJORITY SHAREHOLDER AUSUM
GMBH
WHETHER IT WOULD BE PREPARED TO MAKE DELISTING OFFER
    * USU SOFTWARE-TO FINANCE INVESTMENT REQUIRED FOR EXPANSION,
STRATEGIC OPTIONS ARE TO BE EXAMINED,EXTERNAL PARTNER FOUND AND
INVOLVED IN IMPLEMENTATION
    * USU SOFTWARE - INFORMED BOARD THAT CONSIDERATION PAYABLE
PER USU
SHARE  EXPECTED TO BE ABOUT EQUIVALENT TO STATUTORY MINIMUM
PRICE
    * AUSUM SUBSIDIARY IS CURRENTLY SEEKING AN AGREEMENT TO
FINANCE
SUCH A DELISTING OFFER AND IS AT AN ADVANCED STAGE OF
NEGOTIATIONS
    * PRODUCT BUSINESS IS TO BE CONSOLIDATED AND LEGALLY AND
OPERATIONALLY SEPARATED FROM OTHER DIVISIONS

Source text for Eikon:  ID:nEQ66t42Ha 
Further company coverage:  OSPGk.DE 

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