MBH CORPORATION PLC ANNOUNCES FIRST ACQUISITIONS TO ESTABLISH NEW PROPERTY VERTICAL IN THE UNITED STATES

DGAP-Ad-hoc: MBH Corporation Plc / Key word(s): Investment
MBH CORPORATION PLC ANNOUNCES FIRST ACQUISITIONS TO ESTABLISH NEW PROPERTY VERTICAL IN THE UNITED STATES

02-Sep-2020 / 08:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

MBH CORPORATION PLC ANNOUNCES FIRST ACQUISITIONS TO ESTABLISH NEW PROPERTY VERTICAL IN THE UNITED STATES

London, 2 September 2020 - MBH Corporation plc (MBH), a diversified investment holding company, announces the 100% acquisitions of the US based companies 'Meeting of the Minds' (MOTM) and 'Everyday Realty Services' (ERS). For the year ended 31 December 2019, MOTM and ERS generated unaudited consolidated revenues of USD 1.23m and an EBIT of USD 0.63m. With the acquisition of MOTM and ERS, MBH is establishing a seventh business segment "property" in addition to education, construction services, engineering services, health, leisure and transportation. This latest acquisition takes the pro-forma revenues of the MBH Group portfolio companies up to GBP 85.5m based on its financial year 2019 results.

Meeting of the Minds was established 12 years ago and has grown to become the largest real estate investor association and investor mentoring programme in New York. Everyday Realty Services, a real estate brokerage and commercial funding company, trades under the Exit Realty franchise and Everyday Funding brands.

The total consideration for the two companies is estimated to be between USD 2.9m to 3.5m. The majority of the consideration will be paid in unlisted bonds in MBH Corporation plc and would convert to listed bonds upon completion of audited accounts. The terms of the listed and unlisted bonds are as follows:

5 year terms and principal payable on maturity
5% interest per annum payable semi-annually

Contact: MBH Corporation plc, Charlotte Williams, charlotte@unity-group.com, +44 (0)770 396 3953

Information and Explanation of the Issuer to this News:

About Meeting of the Minds Inc & Everyday Realty Services Inc

Established in 2008, MOTM is a networking and educational company which carries out events and Real Estate ('RE') mentoring services under the LIREIA (for networking) and Mentoring Masterminds (for education) brands. LIREIA stands for Long Island Real Estate Investment Association; it is a local affiliate of the National REIA, a non-profit trade association in the RE sector. There are two types of memberships with the National REIA - affiliates and chapters. Affiliates are for members who desire to be a chapter but are not ready to meet the requirements.
http://mentoringmasterminds.com/ | https://www.lireia.com/

ERS is a RE brokerage and commercial funding company. It is a spin-off from MOTM; due to licensing issues, the businesses have to be held in different entities. ERS trades under the EXIT Realty Everyday (for RE brokerage) and Everyday Funding Services (for commercial funding related to RE) brands. ERS holds the EXIT Realty franchise for the Long Island region of New York. EXIT Realty was founded in 1996 and specializes in services related to RE in the USA. ERS is in the process of purchasing a franchise Brokerage Exit Realty which they expect to grow from 5 producing agents to over 50. The company's income comes from Commissions, Short sale negotiation fees, points from lending and fees.
www.everydayfundingservices.com/
http://exitrealtyeveryday.com/

About MBH

MBH Corporation plc is a diversified investment holding company, listed on the Frankfurt and Dusseldorf Stock Exchanges. The company acquires small to medium bfd across multiple geographies and sectors that are well established, profitable and looking to scale. By leveraging the Agglomeration strategy, MBH Corporation plc is able to create substantial shareholder value through the consistent and accretive acquisition of excellent companies.
www.mbhcorporation.com

Contacts for IR and media enquiries:
MBH Corporation plc, Charlotte Williams, charlotte@unity-group.com, +44 (0)770 396 3953
Kirchhoff Consult AG, Anika Heske, anika.heske@kirchhoff.de, +49 (0)40 609186 39

02-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:	English
Company:	MBH Corporation Plc
	Studio 7-9, Royal Patriotic Victoria Building, Joh
	SW18 3SX London
	United Kingdom
E-mail:	fo@mbhcorporation.com
Internet:	https://www.mbhcorporation.com/
ISIN:	GB00BF1GH114
WKN:	A2JDGJ
Listed:	Regulated Unofficial Market in Dusseldorf, Frankfurt
EQS News ID:	1126327


End of Announcement	DGAP News Service

1126327 02-Sep-2020 CET/CEST

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MBH CORPORATION PLC ANNOUNCES FIRST ACQUISITIONS TO ESTABLISH NEW PROPERTY VERTICAL IN THE UNITED STATES

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