Global Graphics Plc: Global Graphics Agrees Sale Of Urw Type Foundry Gmbh

 
TIDMGLOG 
 
   PRESS RELEASE -- REGULATED INFORMATION 
 
   GLOBAL GRAPHICS AGREES SALE OF URW TYPE FOUNDRY GMBH 
 
   Cambridge (UK),18 May 2020 (08:00 CEST): Global Graphics PLC (Euronext: 
GLOG) announces today that it has agreed to sell the entire issued share 
capital of URW Type Foundry GmbH ("URW") to Monotype GmbH ("Monotype"), 
a wholly owned subsidiary of Monotype Imaging Inc. 
 
   Completion of the sale is subject to certain closing conditions, which 
are expected to be met at the end of May 2020 ("Closing"). 
Consideration of EUR7.5 million plus/minus an adjustment for retained 
cash and working capital at Closing is payable in cash in instalments. 
EUR5 million is payable at Closing, EUR2 million is payable 12 months 
after Closing and EUR0.5 million is payable 24 months after Closing. 
Any adjustment in respect of the retained cash and working capital will 
be made after Closing.  During the year ended 31 December 2019, URW 
contributed EUR4.03 million in revenue and EUR0.77 million in net profit 
to the Group's results. 
 
   "For more than four years, URW has been a key part of the Global 
Graphics group of companies, so the decision to sell URW to Monotype was 
not something we took lightly," explains Mike Rottenborn, CEO of Global 
Graphics PLC.  "However, the core business of Global Graphics has moved 
closer to digital press manufacturers, while fonts are primarily 
marketed to designers and major brands.  Monotype is the world leader in 
fonts and was already an important sales channel for URW's type library, 
so their offer to acquire URW assures continuity for URW's customers as 
well as an excellent value for the shareholders of Global Graphics." 
 
   About Global Graphics 
 
   Through its operating subsidiaries, Global Graphics PLC 
https://www.globenewswire.com/Tracker?data=ZNDJ4A_a06KVz14uTZvemk7rDSB9A28m_Q_QVpRMx6dyogWefh76slYKPv9w1Vt86lzkC2DsMJa8lPyuBkR8iXvtDqgOn4nF07aq6JXIIL4= 
(Euronext Brussels: GLOG) is a leading developer of platforms for 
digital inkjet printing and type design and development. Customers for 
digital inkjet technology include press manufacturers such as HP, Canon, 
Durst, Roland, Hymmen and Mark Andy.  Those for font design include 
numerous international brands, from manufacturers such as Mercedes Benz 
and Siemens, to digital media and epublishing companies.  Global 
Graphics PLC is headquartered in Cambridge UK.  Its subsidiary companies 
are printing software developers Global Graphics Software 
https://www.globenewswire.com/Tracker?data=ZNDJ4A_a06KVz14uTZvemif8vDsVuU2_QLOph7AgPHgSys-R1LcDYa9jgI5MQ_EbVnBEDEU7hOAg0HIAYYmy-pgx5x9UM7URt0E2aqTnbtWBmpkhBHHBgXEU57TWWqZXbimvY8_j1xYfcURgKo53GQ== 
; the type foundry, URW Type Foundry 
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, and the industrial printhead driver solutions specialists, Meteor 
Inkjet 
https://www.globenewswire.com/Tracker?data=NGgRXk_GLl3kp76_F0UDMKKelyxkj3ANNmajajI9-RIaWEgVW3JEi3IsaeLikInykmMHSB19tlwsLC7H08U62sdEsylu4M2Q1MVI9R5Sf7g= 
; and the pre-press software specialists 
https://www.globenewswire.com/Tracker?data=zIk4mlH8CzSQBZoS34lse9_ONI2OHijI3f-8vfIG7s9iDZDNIV5zwO5zxifp4FUlQjfV5r474T_PdgOggUDtvg== 
Xitron. 
 
   Contacts 
 
 
 
 
Jill Taylor                                                                     Graeme Huttley 
Corporate Communications Director                                               Chief Financial Officer 
Tel: [phone]                                                         Tel: [phone] 
Email: mailto:[e-mail]?subject=Press%20release%20enquiry  Email: mailto:[e-mail]?subject=Press%20release%20enquiry 
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May 18, 2020 02:00 ET (06:00 GMT)

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