DGAP-Ad-hoc: MBH Corporation Plc / Key word(s): Financing
MBH Corporation plc secures EUR20 million capital commitment to support
acquisition strategy
02-Apr-2019 / 09:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*MBH Corporation plc secures EUR 20 million capital commitment to support
acquisition strategy*
*London, 2 April 2019 - MBH Corporation plc ("MBH"), a diversified
investment holding company, has secured commitment for a financing facility
with Global Emerging Markets Group ("GEM"). GEM has signed an agreement with
MBH Corporation plc which allows MBH to a draw down an equity facility worth
up to EUR 20 million. *
The proceeds from the facility provide a flexible tool to MBH's acquisition
strategy. The company looks at EPS accretive and synergistic acquisitions,
and can now consider those which might require a cash component to close,
along with the share component. As a result, this agreement allows MBH to
broaden its portfolio by adding new businesses in different verticals and
geographies.
Under the terms of the agreement, MBH will have access to the facility for
up to 5 years. GEM undertakes to subscribe to, or acquire ordinary
registered MBH shares upon MBH's discretionary exercise of a draw down
notice. MBH will control the timing and amount of any draw down, and has the
right, not the obligation, to draw down on the full commitment amount. The
maximum draw down is subject to certain share trading volumes. GEM will also
be issued 4 million options for the 5-year exercise period priced at EUR
2.10 for the first year and a 50% premium of the share price for the
remainder of the term.
Information and Explanation of the Issuer to this News:
Callum Laing, Non-Executive Chairman of MBH comments: 'Having the GEM
facility available, gives us a war chest to explore many more great
businesses that can add to our portfolio. We have a broad pipeline of
acquisition targets and expect to close several transactions in Q2 2019. The
new facility is also a ringing endorsement of our business that an
institution like GEM wants to partner with us as we scale.'
*About GEM*
Global Emerging Markets (www.gemny.com) was founded in 1991. GEM is a USD
3.4 billion investment group having completed 385 transactions in over 70
countries. The firm is an alternative investment group that manages a
diverse set of investment vehicles across the world.
*About MBH *
MBH Corporation plc is a diversified investment holding company, listed on
the Frankfurt and Dusseldorf Stock Exchanges. The company acquires small to
medium enterprises across multiple geographies and sectors that are well
established, profitable and looking to scale. By leveraging the
Agglomeration strategy, MBH Corporation plc is able to create substantial
shareholder value through the consistent, accretive acquisition of excellent
companies.
www.mbhcorporation.com [1]
*Contacts for IR and media enquiries:*
MBH Corporation plc, Charlotte Fordham, charlotte@unity-group.com, +44
(0)770 396 3953
Kirchhoff Consult AG, Nicole Schüttforth, nicole.schuettforth@kirchhoff.de,
+49 (0)40 609186 64
02-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: MBH Corporation Plc
Studio 7-9, Royal Patriotic Victoria Building, Joh
SW18 3SX London
United Kingdom
E-mail: fo@mbhcorporation.com
Internet: https://www.mbhcorporation.com/
ISIN: GB00BF1GH114
WKN: A2JDGJ
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt
EQS News ID: 794503
End of Announcement DGAP News Service
794503 02-Apr-2019 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=c7407999fbedc6ca1bfc6ca1f1263cf6&application_id=794503&site_id=vwd&application_name=news
(END) Dow Jones Newswires
April 02, 2019 03:00 ET (07:00 GMT)
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