DGAP-News

MBH CORPORATION PLC ACQUIRES APPROVED AIR LTD IN THE UK - Seite 2

• 5-year maturity with principal payable at maturity; and
• 5% coupon rate per annum payable semi-annually

David Williams, Director, Approved Air commented: "Becoming part of MBH and a PLC is a logical and exciting next move for us. We are operating in an important area that has had further light thrown on it from the on-going global pandemic situation. Becoming part of the MBH Corporation should allow us to be even more successful in winning important contracts with healthcare establishments".

Callum Laing, CEO, MBH Corporation Plc, said: "Not only am I pleased to welcome such a successful company as Approved Air to the MBH Corporation, but it's also particularly satisfying to welcome a company that is involved in such important work to support healthcare establishments across the UK. David and Caroline Williams and their team have an exciting future ahead"

Bond Programme and Number of Shares on Issue

MBH has utilised approximately EUR35m of its bond programme leaving a balance of EUR15m to be utilised if required.

The number of shares issued at the date of this release is 80.7 million.

Approximately 70% of MBH shares are owned by the Principals in the Group. To further support the company, it is estimated that at least 40% of the Group Principals are engaged in repeat monthly purchases of shares on-market.

About Approved Air

Approved Air provides high quality validation/verification testing of medical facilities to ensure compliance with Health Technical Memorandums [HTM's] and as independent specialists give objective assessments and support with improvement plans to keep both patients and staff safe. Specific services include particle counting, duct dust sampling, CO & CO2 monitoring, active air sampling and temperature & humidity testing amongst other essential services. The company was established by David Williams in 1998 in Somerset, UK.