SLEEPZAG: strona spółki
24.08.2018, 14:00
SLZ termsheet for the acquisition of Urbanara GmbH
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014
SLEEPZ AG today agreed with the main shareholders of URBANARA GmbH on a termsheet for the 100% takeover of the Berlin-based online-retailer URBANARA GmbH. The company focuses on home textiles and home accessories under its own brand URBANARA and generates sales in the higher single-digit million EUR range. The takeover is to take place against the issue of shares of SLEEPZ AG in the form of a contribution in kind. The share price of SLEEPZ AG was set at Euro 1.20, the valuation of URBANARA GmbH - after conversion of outstanding convertible loans of Euro 1.1 million - at Euro 6.2 million. In the event of further financing for URBANARA prior to the acquisition by SLEEPZ, the valuation of the company may be adjusted. The final valuation will take place after confirmation by an expert opinion on the investment in kind to be commissioned. Based on the current valuation, the transaction will result in the issue of almost 5.2 million new no-par value bearer shares of SLEEPZ AG with a proportionate amount of the share capital of Euro 1.00 per share through partial utilization of the existing authorized capital against non-cash contributions at SLEEPZ AG. The termsheet is subject to a number of further conditions precedent in particular the satisfactory completion of the due diligence already begun and the raising of the growth financing necessary for the SLEEPZ Group and URBANARA as part of the current convertible bond placement of SLEEPZ AG. The aim is to reach a signing by the end of September 2018. Disclosing person: Oliver Borrmann, Executive Board member Contact: Corinna Riewe, + 49-30-20305567, cr@sleepz.com
SLEEPZ AG today agreed with the main shareholders of URBANARA GmbH on a termsheet for the 100% takeover of the Berlin-based online-retailer URBANARA GmbH. The company focuses on home textiles and home accessories under its own brand URBANARA and generates sales in the higher single-digit million EUR range. The takeover is to take place against the issue of shares of SLEEPZ AG in the form of a contribution in kind. The share price of SLEEPZ AG was set at Euro 1.20, the valuation of URBANARA GmbH - after conversion of outstanding convertible loans of Euro 1.1 million - at Euro 6.2 million. In the event of further financing for URBANARA prior to the acquisition by SLEEPZ, the valuation of the company may be adjusted. The final valuation will take place after confirmation by an expert opinion on the investment in kind to be commissioned. Based on the current valuation, the transaction will result in the issue of almost 5.2 million new no-par value bearer shares of SLEEPZ AG with a proportionate amount of the share capital of Euro 1.00 per share through partial utilization of the existing authorized capital against non-cash contributions at SLEEPZ AG. The termsheet is subject to a number of further conditions precedent in particular the satisfactory completion of the due diligence already begun and the raising of the growth financing necessary for the SLEEPZ Group and URBANARA as part of the current convertible bond placement of SLEEPZ AG. The aim is to reach a signing by the end of September 2018. Disclosing person: Oliver Borrmann, Executive Board member Contact: Corinna Riewe, + 49-30-20305567, cr@sleepz.com