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Glunz & Jensen A/S Increases Stake in Glunz & Jensen Microflex A/S; Maintains FY 2012/2013 Financial Guidance


Thursday, 25 Apr 2013 09:29am EDT 

Glunz & Jensen A/S announced that two shareholders of Glunz & Jensen Microflex A/S have chosen to exercise their put options. The Company has on April 25, 2013 acquired additional 306,728 shares, equivalent to 22% of the share capital of Glunz & Jensen Microflex A/S at a price of DKK 5,223,570.00. The Company has thus increased its stake in Glunz & Jensen Microflex A/S to 89%. The transaction does not affect the Company's expectations for fiscal year 2012/2013. Thus, the Company still expects fiscal year 2012/2013 revenue of between DKK 355 million and DKK 375 million and an operating profit, EBITA, in a range of between DKK 26 million and DKK 28 million. 

Company Quote

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31 Mar 2015