PRESS RELEASE : MBH ADDS FURTHER GROWTH WITH ACQUISITION OF 4X LIMITED TAXIS - EXPANDING ITS TRANSPORT VERTICAL

DGAP-News: MBH Corporation Plc / Key word(s): Investment 
MBH ADDS FURTHER GROWTH WITH ACQUISITION OF 4X LIMITED TAXIS - EXPANDING ITS TRANSPORT VERTICAL 
2021-03-15 / 12:47 
The issuer is solely responsible for the content of this announcement. 
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MBH ADDS FURTHER GROWTH WITH ACQUISITION OF 4X LIMITED TAXIS - EXPANDING ITS TRANSPORT VERTICAL 
London, 15^th March 2021, MBH Corporation plc (MBH), a diversified investment holding company, is making its third 
acquisition of 2021, with Cambridgeshire based 4X taxis joining the burgeoning MBH portfolio as its 25th company. 
MBH Corporation plc is adding further depth to its transportation vertical with the acquisition of 4X. 4X will reside 
under Take Me [Formerly ADT Taxis] as a tactical acquisition following MBH acquiring Take me in 2020. 
4X is a long established company with an extensive fleet operating in and around Cambridgeshire. The 4X taxi fleet now 
numbers over 100 vehicles and has broad ranging contracts with local schools, hospitals, prisons and local businesses. 
As the nationwide lockdown and its accompanying reduction in freedom of movement has had an inevitable and significant 
impact on taxi and private hire companies, these contracts have been invaluable as a steady revenue stream to 4X. 
Despite the pandemic's impact, 4X's 31 July 2020 unaudited revenue was GBP1.8m with an EBIT of GBP0.2m. With its 
significant fleet size and plans to make efficient and innovative use of technology to offer similar levels of service 
to ride hailing firms, 4X is well set to capitalise as the nation starts to emerge from lockdown. 
4X is also making an important commitment to the environment by taking a proactive approach to replace any cars [that 
are currently being rented] from petrol/diesel to energy-efficient electric models. They are also offering driver 
incentives for switching to EV cars. 
The total consideration for the acquisition of 4X is approximately GBP 1.0m to GBP 1.4m which will be settled by way of 
a listed bond in accordance with the MBH bond programme with the following terms: 
  . 5-year maturity with principal payable at maturity; and 
  . 5% coupon rate per annum payable semi-annually 
Bond Programme and Number of Shares on Issue 
After this acquisition, MBH would have utilised approximately EUR33m of its bond programme leaving a balance of EUR17m 
to be utilised if required. 
The number of shares issued as at the date of this release is 71.3m. 
Steve Woodham, Managing director 4X, said: "This is a pivotal moment for 4X as the team looks to evolve and grow under 
new leadership from Take Me to meet new challenges after an extremely testing year. It's enormously exciting to be 
joining the MBH family and I know how much David Hunter and his team at Take Me have already benefited from the 
experience and counsel of other principals within the portfolio. I look forward to watching 4X go from strength to 
strength as it moves forward in a changed landscape." 
Callum Laing, CEO MBH Corporation plc, commented: "We're delighted to expand our transportation vertical and welcome 4X 
onboard. We have been hugely impressed with their proactive solutions to the challenges presented over the past 12 
months, plus their commitment to EV and environmental concerns. We look forward to watching them grow as part of the 
MBH Group." 
 
About 4X Limited 
4X operates out of the Huntingdon and St Neots towns in Cambridgeshire, England. 4X has a fleet of 100 taxis and has 
contracts with local schools, hospitals, prisons and local businesses. 
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] 
 
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2021-03-15 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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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:  1175591 
 
End of News   DGAP News Service 
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1175591 2021-03-15

(END) Dow Jones Newswires

March 15, 2021 07:48 ET (11:48 GMT)