Related Party Transaction • Jun 27, 2014
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Download Source FileCOMPANY ANNOUNCEMENT no 13/2014 – 27 june 2014
A. Enggaard A/S, Entreprenør- og Byggefirma has notified Royal Unibrew A/S of
exercise of its purchase option on 16,600 square metres of building rights
relating to the brewery site in Aarhus.
Royal Unibrew A/S has today been notified by A. Enggaard A/S, Entreprenør- og
Byggefirma of exercise of the purchase option on 16,600 square metres of
building rights. This means that A. Enggaard, Entreprenør- og Bygge-firma has
exercised the option to purchase a total of 85,475 square metres of the total
140,000 square metres of building rights at the brewery site in Aarhus. The
exercise is made as part of the option agreement entered into in March 2011
(see Company Announcement No 1/2011 of 4 March 2011).
The purchase of the 16,600 square metres of building rights is expected
realised in third quarter 2014. The purchase will have a net cash flow effect
after tax of approximately DKK 41 million to Royal Unibrew A/S. Earlier in
2014, A. Enggaard A/S, Entreprenør- og Byggefirma acquired 13,775 square metres
of building rights (see Company Announcements No 5/2014 of 1 April 2014 and No
11/2014 of 1 May 2014). The total purchase in 2014 is thus expected to comprise
30,375 square metres and will have a net cash flow effect after tax of
approximately DKK 82 million. The selling prices agreed upon correspond to the
carrying amount of the building rights, and therefore the sale will not affect
the Company’s profit or equity in 2014.
Yours sincerely
Royal Unibrew A/S
Henrik Brandt
CEO
Please direct any questions to me at tel +45 56 77 15 13.
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