Press release – Nedap sells its stake in Nedap France

Groenlo, the Netherlands, 25 July 2019, 18.00

Nedap N.V. and the other shareholders of Nedap France S.A.S. have today reached, after the exclusive negotiations as communicated in the press release dated 1 July 2019, a final agreement on the sale of all of the shares of Nedap France to B&Capital, a French investment fund.

Nedap’s net proceeds from the sale amount to around €14.5 million, which generates a book profit of approximately €10 million. These amounts are net of costs related to the transaction. The transaction is expected to be closed shortly.

The 49.8% stake in Nedap France was recognised in the 2018 financial statements under the ‘Associate’ item and the result attributable to Nedap under ‘Share in profit of associate’. In the statement of profit or loss for the 2019 financial year the ‘Share in profit of associate’ will also include the book profit on the sale of the associate.

The net proceeds generated by the transaction will, as previously communicated, primarily be used for a one-off increase in dividend for 2019. As usual, the dividend amount will be announced at the publication of the annual figures (2019). The required investment capacity and capital structure will be taken into account, in keeping with the financial objectives.

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