03.06.2019 09:08:23

DGAP-News: MBH Corporation plc completes Guildprime acquisition

DGAP-News: MBH Corporation Plc / Key word(s): Investment/Takeover
MBH Corporation plc completes Guildprime acquisition

03.06.2019 / 09:08
The issuer is solely responsible for the content of this announcement.

MBH Corporation plc completes Guildprime acquisition

London, 3 June 2019 - MBH Corporation plc ("MBH"), a diversified investment holding company, has completed the acquisition of a 100% stake in Guildprime Specialist Contracts Ltd ("Guildprime"), which was announced on 18 April 2019. This acquisition is an all share transaction and Earnings Per Share ("EPS") accretive.

The consideration payable on completion is subject to the finalization of the audited balance sheet as at 31 March 2019 plus a deferred consideration based on the audited EBITDA for the 12 months ending 31 December 2019. We estimate the total consideration payable to be between GBP 1.5 million to GBP 1.8 million.

100% of the consideration will be payable in shares in MBH Corporation plc. The share price is set at EUR 1.48 per share, which is the 30-day volume weighted average price prior to 31 May 2019.

Kevin Potter, Founder of Guildprime says: "We are very excited to be joining MBH and the other companies in the Group. We will be leveraging the Group and thereby serve our team and our clients even better".

Callum Laing, CEO of MBH comments: "We are thrilled to add Guildprime to our portfolio of attractive and stable companies. It is a great business with an excellent client base. We are convinced, that Guildprime will have many opportunities to work closely with our other subsidiaries."

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

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
 

 


03.06.2019 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.

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: 818243

 
End of News DGAP News Service

818243  03.06.2019 

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