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ReutersReuters

Green Landscaping Acquires Landscaping Company In Norway

GGREEN

Green Landscaping Group AB GGREEN:

  • ACQUIRES NORWEGIAN LANDSCAPING COMPANY H.T. VIKE AS

  • ACQUIRES 70 PERCENT OF SHARES IN H.T. VIKE WITH IMMEDIATE ACCESS AND WITH A PURCHASE OPTION FOR REMAINING 30 PERCENT

  • ACQUISITION IS FINANCED WITHIN EXISTING CREDIT FACILITIES AND THROUGH A NON-CASH ISSUE OF NEWLY ISSUED SHARES

  • BOARD HAS THEREFORE DECIDED ON ISSUE OF 256,846 SHARES IN GREEN LANDSCAPING GROUP, ADDRESSED TO SELLER

  • THIS CORRESPONDS TO A DILUTION OF 0.5 PERCENT OF SHARE CAPITAL AND VOTES IN GREEN LANDSCAPING GROUP

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