Brief: ICTA Sells FFW For Up To SEK 367 Mln

Rolling Optics Holding AB

18/10/2019 09:47

Oct 18 (Reuters) - ICTA AB  ICT.ST :
    * SAID ON THURSDAY ICTA SELLS ITS BUSINESS UNDER TRADEMARK
FFW FOR
ENTERPRISE VALUE OF UP TO SEK 367 MLN
    * FFW IS ACQUIRED BY CELINE SIEBEN GMBH 
    * BUYER WILL PAY ABOUT SEK 294 MLN FOR 100% OF ALL SHARES IN
FWW
AND LATEST IN JUNE 2020 WILL PAY ADDITIONAL PURCHASE PRICE IN
CASH OF BETWEEN SEK 0-55 MLN
    * IN CONNECTION WITH CHANGE OF HANDS CO WILL PAY OFF ALL
BANK
LOANS
    * IN CONNECTION TO THE SALE BOARD PROPOSES DIVIDEND DURING
2019
AND 2020 OF REMAINING BASE PURCHASE PRICE CORRESPONDING TO ABOUT
SEK 170 MLN OR SEK 11.70 PER SHARE
    * BOARD PROPOSES DIVIDEND OF SEK 7.80 PER SHARE TO BE
DISTRIBUTED
DURING Q4
    * SALE IS ESTIMATED TO GIVE CAPITAL GAIN OF ABOUT SEK 90 MLN
AND
TO POSITIVELY IMPACT GROUP'S OWN CAPITAL WITH OVER SEK 200 MLN

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr2ppcL2
    
 Further company coverage:  ICT.ST  
   


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