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SP Group M&A Activity 2016
3415_rns_2016-12-08_899714a4-890f-4352-b86f-b4b91c57c3f7.pdf
M&A Activity
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SP Group
NASDAQ Copenhagen A/S
Nikolaj Plads 6
1007 København K
Announcement No. 68 / 2016
8 December, 2016
CVR No. 15701315
SP Group A/S acquires the remaining 10 % of the shares in the subsidiary Brdr. Bourghardt AB
Yesterday, SP Group A/S has acquired the remaining 10 % of the shares in Bröderna Bourghardt AB.
Therefore, SP Group now owns all shares in Brdr. Bourghardt.
David Bourghardt AB wants to acquire shares in SP Group instead of being a minority shareholder in Brdr. Bourghardt.
As part of this deal David Bourghardt AB has acquired 1,000 number of SP Group shares at a price of DKK 645.00 from SP Group's own shareholding. The price for the shares in Brdr. Bourghardt AB is based on an enterprise value of approximately 5 x EBITDA.
The difference is paid in cash.
Above transaction does not affect SP Group's outlook for the year 2016, although EPS increases marginally.
David Bourghardt stays on as managing director in Brdr. Bourghardt AB.
Further information:
CEO Frank God
Phone: (+45) 20 23 23 79
www.sp-group.dk
In case of any discrepancies, the Danish version shall prevail.
SP Group A/S, Snavevej 6-10, 5471 Søndersø, Denmark, www.sp-group.dk