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MarketScreener Homepage  >  Equities  >  Xetra  >  MBH Corporation PLC    M8H   GB00BF1GH114

MBH CORPORATION PLC

(M8H)
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MBH : acquires 'Logistica Training' into education industry vertical

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06/09/2020 | 06:40am EDT

DGAP-Ad-hoc: MBH Corporation Plc / Key word(s): Investment
MBH Corporation plc acquires 'Logistica Training' into education industry vertical

09-Jun-2020 / 12:34 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 acquires 'Logistica Training' into education industry vertical

London, 9 June 2020 -
MBH Corporation plc (MBH), a diversified investment holding company, is continuing to pursue its acquisition strategy by welcoming its 11th company which will sit within its established Education vertical. MBH is further expanding its UK portfolio with the 100% acquisition of Logistica Training Limited. Logistica delivers training to the essential, and growing Health and Social (H&S) care sector and had generated Revenues of GBP 1.9m and an EBIT of GBP 0.8m in its 2019 audited financial year. This acquisition will see the pro-forma revenues of MBH group portfolio companies rise to over GBP 81m.

MBH has established a EUR 50m medium-term bond programme. A portion of this bond will be used for the acquisition of Logistica. The total consideration for the acquisition of Logistica Training is approximately GBP 5.8m of which the majority is settled by way of the listed bond in accordance with the bond programme with the following terms:

  • 5-year maturity with principal payable at maturity; and
  • 2% coupon rate per annum payable semi-annually.

This acquisition is expected to be earnings per share ("EPS") accretive.

Contact: MBH Corporation plc, Charlotte Williams, charlotte@unity-group.com, +44 (0)770 396 3953


Information and Explanation of the Issuer to this News:

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 and accretive acquisition of excellent companies.

www.mbhcorporation.com
 

Contacts for IR and media enquiries:

MBH Corporation plc, Charlotte Williams, charlotte@unity-group.com, +44 (0)770 396 3953

Kirchhoff Consult AG, Nicole Schüttforth, nicole.schuettforth@kirchhoff.de, +49 (0)40 609186 64
 


09-Jun-2020 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: 1065651

 
End of Announcement DGAP News Service

1065651  09-Jun-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1065651&application_name=news&site_id=zonebourse

© EQS 2020
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