Acquisition expected to add a further GBP1.7m in revenue and GBP430k in EBIT to the Group each year whilst strengthening the Engineering vertical.

London, 5 November 2021, MBH Corporation plc (MBH), a diversified investment holding company, has today announced it has agreed to the terms for the acquisition of Approved Air Ltd in the UK, as the most recent step in its extensive acquisition drive. Subject to regulatory approval, Approved Air will be part of MBH's Engineering vertical business line.

With this acquisition and the continued diversification of companies becoming part of the MBH Corporation, the MBH portfolio now stands at 27 companies across 8 industry sectors and five countries .

Established by David Williams in 1998 as DWCS in Somerset, UK, and becoming Approved Air in 2010, the company provides high quality validation/verification testing of medical facilities to ensure compliance with Health Technical Memorandums [HTM's] and as independent specialists gives objective assessments and supports 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.

Within healthcare establishments, with the life expectancy of buildings and equipment forever being extended, there is a need for more robust monitoring and management of systems and processes to keep patients and staff safe. Having partnered with several NHS Trusts over many years, Advanced Air delivers a safe and efficient service with the flexibility required within an NHS Trust environment.

Approved Air's unaudited revenues for full year 2021 were GBP1.7m. The total consideration for the acquisition of Approved Air will be approximately GBP2.7m to GBP3.4m which will be settled by way of a listed bond in accordance with the MBH bond programme with the following terms:

• 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.

www.approvedair.co.uk

About MBH

MBH Corporation plc (M8H:GR) is a diversified investment holding company, listed on the Frankfurt and Dusseldorf Stock Exchanges and the OTCQX in New York (MBHCF). The company acquires small to medium enterprises 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, [email protected]

+44 (0)770 396 3953

Perception A

Phil Anderson & Charlie Nelson, [email protected],

+44 (0)776 749 1519

Die Übernahme wird den Umsatz der Gruppe voraussichtlich um £1,7 Mio. und das Ergebnis vor Zinsen und Steuern (EBIT) um £430k pro Jahr steigern und gleichzeitig den Geschäftsbereich Engineering stärken.

London, 5. November 2021, MBH Corporation plc (MBH), eine diversifizierte Beteiligungsgesellschaft, gibt heute bekannt, dass sie den Konditionen für die Übernahme von Approved Air Ltd. im Vereinigten Königreich zugestimmt hat, der jüngsten Transaktion im Rahmen ihrer weitreichenden Akquisitionsbemühungen. Vorbehaltlich der Genehmigung durch die zuständigen Behörden wird Approved Air Teil des MBH-Geschäftsbereichs Engineering.

Die MBH erweitert ihr Beteiligungsportfolio und treibt mit dieser Übernahme die Diversifizierung weiter voran. Das MBH-Portfolio umfasst nun 27 Unternehmen in acht verschiedenen Geschäftsbereichen und fünf Ländern.

Das Unternehmen wurde 1998 von David Williams unter dem Namen DWCS in Somerset im Vereinigten Königreich gegründet und 2010 in Approved Air umbenannt. Es bietet qualitativ hochwertige Validierungs-/Verifizierungsprüfungen medizinischer Einrichtungen an, um die Einhaltung der Health Technical Memorandums [HTMs] zu gewährleisten. Als unabhängiger Spezialist gibt Approved Air objektive Bewertungen ab und erstellt Verbesserungspläne zur Gewährleistung der Sicherheit von Patienten und Personal. Zu den spezifischen Dienstleistungen gehören unter anderem Partikelzählungen, Kanalstaubproben, CO- und CO2-Überwachung, aktive Luftprobenahmen sowie Temperatur- und Feuchtigkeitstests.

In Einrichtungen des Gesundheitswesens ist angesichts der immer längeren Lebensdauer von Gebäuden und Geräten eine robustere Überwachung und Verwaltung von Systemen und Verfahren erforderlich, um die Sicherheit von Patienten und Personal zu gewährleisten. Advanced Air arbeitet seit vielen Jahren mit mehreren NHS Trusts zusammen und bietet einen sicheren und effizienten Service mit der für NHS Trusts erforderlichen Flexibilität.

Der nicht testierte Umsatz von Approved Air für das Geschäftsjahr 2021 belief sich auf 1,7 Mio. GBP.

Für den Erwerb von Approved Air wird ein Gesamtbetrag von ca. 2,7 Mio. GBP bis 3,4 Mio. GBP fällig, der beglichen wird durch Mittel aus einer im Rahmen des MBH-Anleiheprogramms emittierten börsengehandelten Anleihe mit den folgenden Konditionen:

• 5 Jahre Laufzeit mit Tilgung bei Fälligkeit; und
• 5 % Zinskupon pro Jahr, zahlbar halbjährlich

David Williams, Geschäftsführer von Approved Air kommentierte: "Es ist für uns ein logischer und spannender nächster Schritt, Teil von MBH und einer Aktiengesellschaft zu werden. Wir sind in einem wichtigen Bereich tätig, der durch die anhaltende weltweite Pandemie-Situation noch stärker ins Licht gerückt ist. Die Einbindung in die MBH Corporation sollte es uns ermöglichen, noch mehr wichtige Verträge mit Gesundheitseinrichtungen abschließen zu können."

Callum Laing, Vorstandsvorsitzender der MBH Corporation plc, sagte: "Ich freue mich nicht nur, ein so erfolgreiches Unternehmen wie Approved Air in der MBH Corporation willkommen zu heißen, sondern es ist auch eine besondere Genugtuung, ein Unternehmen an Bord zu haben, das einen so wichtigen Beitrag zur Unterstützung von Gesundheitseinrichtungen im ganzen Vereinigten Königreich leistet. David und Caroline Williams und ihr Team haben eine glänzende Zukunft vor sich."

Anleiheprogramm und Anzahl der ausgegebenen Aktien

MBH hat rund EUR 35 Mio. seines Anleiheprogramms in Anspruch genommen, so dass dann noch etwa EUR 15 Mio. zur Verfügung stehen, die bei Bedarf genutzt werden können.

Zum Zeitpunkt dieser Mitteilung hat das Unternehmen 80,7 Mio. Aktien ausgegeben.

Ungefähr 70 % der MBH-Aktien befinden sich im Besitz der Geschäftsführer der Gruppenunternehmen. Um das Unternehmen zusätzlich zu unterstützen, erwerben schätzungsweise mindestens 40 % der Geschäftsführer regelmäßig monatlich Aktien an der Börse.

Über Approved Air

Approved Air bietet qualitativ hochwertige Validierungs-/Verifizierungsprüfungen medizinischer Einrichtungen an, um die Einhaltung der Health Technical Memorandums [HTMs] zu gewährleisten. Als unabhängiger Spezialist gibt Approved Air objektive Bewertungen ab und erstellt Verbesserungspläne zur Gewährleistung der Sicherheit von Patienten und Personal. Zu den spezifischen Dienstleistungen gehören unter anderem Partikelzählungen, Kanalstaubproben, CO- und CO2-Überwachung, aktive Luftprobenahmen sowie Temperatur- und Feuchtigkeitstests. Das Unternehmen wurde 1998 von David Williams in Somerset im Vereinigten Königreich gegründet.

www.approvedair.co.uk

Über MBH Corporation PLC

Die MBH Corporation plc ist eine diversifizierte Beteiligungsgesellschaft, die an der Frankfurter und Düsseldorfer Börse sowie der US-amerikanischen Börse OTCQX(R) in New York (MBHCF) notiert ist. Das Unternehmen erwirbt kleine und mittelgroße Unternehmen aus verschiedenen Regionen und Branchen, die gut etabliert, profitabel und skalierbar sind. Mit ihrer Agglomerationsstrategie ist die MBH Corporation plc in der Lage, durch den konsequenten Erwerb exzellenter Unternehmen, welcher sich positiv auf den Gewinn pro Aktie auswirkt, einen erheblichen Shareholder Value zu schaffen.

www.mbhcorporation.com
 

IR- und Pressekontakt:

MBH Corporation PLC

Charlotte Williams, [email protected]

+44 770 396 3953

Perception A

Phil Anderson & Charlie Nelson, [email protected],

+44 776 749 1519

Introduction

As part of a continuing research-led initiative, MBH has conducted five key pieces of research so far in 2021.

This includes surveying 172 professional investors across the UK, US and Germany, managing a collective USD $465 billion in assets under management to assess their outlook on the critical area of Environmental, Social and Governance (ESG).

In addition to this, MBH also surveyed 170 professional investors across the same markets in March 2021 to uncover their views on the vibrant Micro Cap and Small Cap sector.

MBH also carried out a data analysis of the 40 key stock market indices across Europe and the US at micro-cap, small cap, mid cap and large cap level to highlight the continuing strong performance of Micro and Small Cap stocks in comparison with large caps.

Furthermore, MBH commissioned the research company Pure Profile to survey 388 SME owners in Germany and the UK in March 2021 to understand the pressures they are facing.

Below is a summary of the key findings:

Topic: Professional Investor Research on outlook on Micro and Small Caps

Professional investors expect Micro and Small caps to continue performing strongly

• 84% of professional investors in the UK believe micro and small caps are currently an attractive investment opportunity
• In the US the number is the same and in Germany this rises to 90%
• 76% of UK investors expect investors to increase their exposure to these sectors (65% in Germany, 72% in the US)
• The research found that one of the main attractions of micro and small caps is that they have low correlations with large caps.
• Across the three markets 68% of professional investors say this is an increasingly attractive feature.
• Over the coming three years nearly a quarter of investors in the three markets expect micro caps to become even less correlated to large caps

Professional investors are finding it ever more challenging to find the ‘hidden gems’ in the Micro Cap sector

• 56% of investors across the UK, Germany and the US say it is becoming harder to identify ‘hidden gems’ in the sector.
• This is driven by shrinking coverage from brokers and analysts
• 33% of investors expect this trend to continue and deepen
• As a result of this, 39% of investors expect to see the cost of obtaining information on Micro Caps increasing

Topic: Professional investor research on attitudes to ESG

Employee satisfaction platforms [e.g. GlassDoor] are playing an increasingly important role for investors

• 74% of investors across the UK, US and Germany believe the role platforms will play in providing data on governance and future company  performance will increase over the next three years
• 18% believe this increase will be dramatic
• 72% questioned said small and micro-caps are relatively unploughed territory despite many having strong ESG credentials.
• 71% of investors believe they can have more influence on the ESG strategy of small and micro-cap companies as they will have larger shareholdings which will not be the case at mid-cap and larger companies.
• A significant 80% of investors believe the focus on boardroom diversity at smaller companies from investors will increase over the next three years

Investors expect smaller companies to increase ESG reporting

• 67% of professional investors expect the number of smaller companies issuing reports to increase over the next three years
• 72% think that smaller companies are often overlooked by investors with an ESG mandate
• Around three quarters think that the main reason for that is the lack of reporting and analysing of smaller firms
• MBH’s research shows smaller companies are coming under pressure to focus more on ESG, with a large number (79%) of investors believing this pressure comes from potential new shareholders
• 63% of investors believe awards are important for potential shareholders when assessing a new company

Investors want an increase in focus on ESG from Micro and Small Caps

• 83% of investors believe the focus on ESG issues will increase over the next 12 months
• Just 2% of investors interviewed believing the focus on ESG will decrease in the next 12 months
• 83% believe the focus and investment by small and micro caps in ESG will increase over the next three years

• Increased focus and investment on ESG will be accompanied by enhanced reporting and transparency from companies on their ESG policies and strategies
• 88% of investors expect this level to increase from now

Topic: Index Research

• In the 12 months from 26th March 2020, micro-cap indices have dramatically outpaced those covering larger companies
• During this time, the average growth of the 10 indices covering micro-caps was 90.89%
• The corresponding average figures for the small cap indices were 73.87%
• For mid cap it was 57.58%
• For large cap stocks, average growth was 45.03%

Key findings – SME owners

Staff retention is the core challenge faced by SMEs

• 35% of UK SME owners ranked holding on to good staff against competition from big firms as their biggest issue.
• That was more than double the 16% who cited access to finance as their biggest challenge
• Whereas 33% said late payment of invoices is their biggest obstacle
• A quarter say recruiting good people is a major challenge in running a business
• 30% of SMEs believe their business to be back where they were pre-Covid by the end of 2021
• Another 20% expects to have fully recovered by 2022
• Nearly one in four (24%) say they are performing better than pre-Covid or are already back to where they were

SMEs worry about access to finance as late payments rise

• Nearly one in three SMEs want to borrow to fund growth plans making access to funding a major issue
• 40% of SMEs believe it will become more difficult to apply for finance
• Around a third believe lending conditions will not change
• Just 17% of businesses that applied for funding in the past 12 months were rejected
• The biggest impact on businesses being turned down was not being able to hire more staff or expand exports

SMEs were confident as lockdowns started to ease and the vaccination programme gathered pace

• 61% of SMEs are positive about the coming two years
• One in four plans to recruit
• Just 6% of UK SMEs worry about tough times ahead
• Six out of ten business owners are more confident about their own company’s performance than they are about the UK economy

Renewed confidence is translating into plans to invest for SMEs

• 25% of SMEs plan to recruit in the next year
• 24% want to expand with new services and 21% will invest in infrastructure
• Around one in 10 will open new premises
• 11% plan to tap into overseas markets as they launch export drives for the first time.