Capital/Financing Update • Jun 13, 2012
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Download Source FileCOMPANY ANNOUNCEMENT NO 30/2012– 13 JUNE 2012
Material condition for exercise of option to acquire building rights for 37,500
square metres relating to Royal Unibrew’s brewery site in Aarhus has now been
met.
VIA University College has informed today that the Finance Committee approved
the document concerning the VIA University College project on the brewery site
in Aarhus. The exercise of the option remains conditional on depositing of the
purchase price and registration in the Land Register of the documents required
for the transaction. The conditional exercise is effected as part of the option
agreement entered into in March 2011 (see Company Announcement No 1/2011 of 4
March 2011).
If relevant, Royal Unibrew’s sale of the building rights for 37,500 square
metres will be realisable in Q3 2012 and is expected to have a net cash flow
effect after tax of approx DKK 110 million to Royal Unibrew A/S. The sale, if
any, will be effected at the carrying amount of the building rights, and
therefore the transfer will not affect the Company’s profit or equity.
In connection with the conditional option to acquire building rights for 37,500
square metres relating to VIA University College, A. Enggaard A/S, Entreprenør-
og Byggefirma has been granted an option to acquire, out of the remaining
building rights, rights for another 5,000 square metres on similar terms in the
period to 31 December 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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