MBH : acquires Robinsons Caravans and establishes new Leisure vertical

DGAP-Ad-hoc: MBH Corporation Plc / Key word(s): Investment MBH Corporation plc acquires Robinsons Caravans and establishes new Leisure vertical 16-March-2020 / 07:56 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 Robinsons Caravans and establishes new Leisure vertical London, 16 March 2020 - MBH Corporation plc (MBH), a diversified investment holding company, has acquired 100% of Robinsons Caravan Ltd, UK. In the 2019 financial year the company generated unaudited revenues of GBP18 million and an EBIT of GBP1.05 million. The acquisition of Robsinson Caravans will establish a fifth industry vertical, "Leisure", alongside Education, Construction Services, Engineering and Health. Robinsons Caravans Ltd has been established since 1963, as a family owned business that has been trading within the caravan industry for over 54 years, throughout Chesterfield, Derbyshire, Worksop and Nottinghamshire in the United Kingdom and sold 1,200 units in 2019. In line with MBH's established Agglomeration strategy, this acquisition is expected to be earnings per share ("EPS") accretive. Unlike previous acquisitions, MBH has elected to not issue further shares for this transaction, but instead issue a note, equivalent to a bond to complete this transaction. This decision has been made to preserve the EPS accretive strategy that MBH pursues whilst MBH is currently under-leveraged and market conditions are less favourable. Future acquisitions may involve the use of bonds in combination with equity. The total consideration for the acquisition is approximately between GBP7.2m and GBP 8.6m (which includes the acquisition of net assets of approximately GBP 2.5m) which is 100% settled by way of an unlisted loan note at the following terms: 5 year maturity with principal payable at maturity; and 5% coupon rate per annum payable semi annually. The final consideration amount will be finalised once the audited financials statements have been completed for the years ended 31 December 2019 and 31 December 2020. Contact: MBH Corporation plc, Charlotte Williams, [e-mail], [phone]   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, [e-mail], [phone] Kirchhoff Consult AG, Nicole Schüttforth, [e-mail], [phone] 16-March-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:	[e-mail]
Internet:	https://www.mbhcorporation.com/
ISIN:	GB00BF1GH114
WKN:	A2JDGJ
Listed:	Regulated Unofficial Market in Dusseldorf, Frankfurt
EQS News ID:	997695

End of Announcement	DGAP News Service

997695  16-March-2020 CET/CEST