JOB SOLUTION SWEDEN HOLDING AB Job Solution Sweden Holding AB (publ) (OM:JOBS) agreed to acquire Serveoffice and Executive Partners Scandinavia from Hub Of Executives Ab for approximately SEK 6.8 million on March 27, 2024. The initial purchase price on a cash and debt-free basis amounts to approximately SEK 6.8 million, of which SEK 1 million is to be paid in cash, approximately SEK 4.1 million is to be paid through reverses with a term of up to 2 years and SEK 1.75 million is to be paid through a new issue of shares in Job Solution to the seller. In addition, performance-based additional purchase prices that will be paid over a three-year period will be paid out.
Job Solution Sweden Holding has completed the due diligence that began with Hub Of Executives AB, the owner of Serveoffice AB and Executive Partners Scandinavia AB on February 16, 2024, earlier this year. The shares are to be issued on August 1, where the VWAP is calculated on 30 trading days before August 1, 2024. The purchase price is financed through existing cash and loans.
Access is expected to take place on April 2, 2024. Delphi acted as legal advisor and Carnegie Investment Bank AB acted as Financial advisor to Job Solution in connection with the Transaction.
