With reference to the First North announcement of the 26th of March 2010, where
the Company announced that Guava A/S and NetBooster Group intend to merge their
UK operations, it is hereby notified that the transaction is now agreed with
financial effect from the 1st of April 2010.
The main terms of the transaction are:
- Guava UK Limited acquires the shares of NetBooster UK Limited from the
NetBooster Group.
- The purchase price represents an enterprise value of Euro 625.000, Euro
234,173 for the shareholder loan from the NetBooster Group and Euro 390,827 for
the shares. 50% of the purchase price is payable now and 50% is payable by the
end of September 2010.
- The purchase price may be increased by an earn-out payment of maximum
100,000 Euro, if certain future gross profit targets are achieved.
- The purchase price may be adjusted downwards by maximum £382,000 if certain
future gross profit targets are not achieved.
Guava A/S looks forward to pursuing the opportunities created by the
transaction.
With kind regards
Guava A/S
Nils Carlsson
Group Chief Executive Officer
Further information can be obtained by contacting the following persons:
Guava A/S Horwath Revisorerne (Certified Adviser)
Amaliegade 3-5 Strandvejen 58
DK-1256 København K DK-2900 Hellerup
Nils Carlsson Søren Jonassen / Thomas Viscovich
GroupChief Executive Officer State Authorised Public Accountant
Tlf.: +46 766447700 Tlf.: 39 29 25 00
Mail: ir@guava.com Mail: s.jonassen@revisor.com
t.viscovich@revisor.com
Guava UK Limited acquires the shares of NetBooster UK Limited from the NetBooster Group
| Source: NetBooster Holding A/S