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Türkiye: Opus consortium awarded a 20-year vehicle inspection concession for all vehicles

GOTHENBURG, Sweden - In late February, the MOI Group consortium, anchored by Met-Gün and Opus Group, was awarded the 20-year concession to inspect all vehicles (passenger cars, trucks, buses, motorcycles and more) in Türkiye.  This concession – one of the largest of its kind – will commence in August 2027 covering more than 30 million registered vehicles (28.7 million as of the end of 2023) in the country. “This is a significant win for Opus and MOI Group”, says Lothar Geilen, CEO of Opus Group.  “We are looking forward to developing a technology-first, world class inspection program in

Correction of press release regarding notice of extraordinary general meeting in Opus Group AB (publ) on 12 November 2020

Opus Group AB (publ) announced through a press release on 15 October 2020 notice of an extraordinary general meeting on 12 November 2020, with last day to notify the company to attend the general meeting on 4 November 2020. Through this press release, the company wants to correct the last day for notification to attend the general meeting to 6 November 2020 and clarify that voting registration effectuated at the latest four banking days before the general meeting, i.e. on 6 November 2020 will be considered. The notice is reproduced in full below.Notice of extraordinary general meeting of

Opus Group AB’s application for delisting approved

Opus Group AB (publ) (“Opus”) has, as previously announced, applied for delisting of Opus' shares from Nasdaq Stockholm. Nasdaq Stockholm AB has now approved the application for delisting and decided that the last day of trading in the share will be on Friday October 30, 2020.    Gothenburg, October 20, 2020Opus Group AB (publ)    The information was submitted for publication, through the contact persons set out below, at 15:00 CEST on October 20, 2020.

Notice of extraordinary general meeting of Opus Group AB (publ)

The shareholders of Opus Group AB (publ), reg. no. 556390-6063 (”Opus” or the ”Company”), with registered office in Gothenburg, are hereby invited to the extraordinary general meeting on Thursday 12 November 2020 at 9:00 CET at Advokatfirman Vinge, Nordstadstorget 6, in Gothenburg, Sweden. Registration starts at 8:30 CET.Notification etc.  Shareholders who wish to participate in the meeting must be registered in the share register maintained by Euroclear Sweden AB no later than on Wednesday 4 November 2020, and must also notify the Company of their intention to attend the meeting no

Opus Group AB (publ) applies for delisting

The board of directors of Opus Group AB (publ) (”Opus” or the ”Company”) has, at the request of Ograi BidCo AB, resolved to apply for delisting of the Company’s shares from Nasdaq Stockholm. The application has been sent to Nasdaq Stockholm AB today. The last day of trading in the Company’s shares on Nasdaq Stockholm will be announced as soon as the Company has received confirmation from Nasdaq Stockholm AB. For further background: https://www.opus.global/media/47730/wkr0006.pdf   Gothenburg, October 8, 2020Opus Group AB (publ)   The information was submitted for

Ograi BidCo AB controls more than 90% of the shares in Opus Group AB (publ) and requests delisting and initiates compulsory redemption of the remaining shares

Ograi BidCo AB (”Ograi”) has informed Opus Group AB (publ) (”Opus” or the ”Company”) that Ograi has entered into an agreement regarding acquisition of shares which results in control of more than 90 per cent of the shares in Opus. The acquisition, entailing that Ograi exceeds the 90 per cent threshold, was made at a price of SEK 10.70 per share according to information from Ograi. Ograi has on this basis initiated compulsory redemption regarding the remaining shares in the Company, requested Opus to apply for delisting from Nasdaq Stockholm and requested an extraordinary general meeting

The properties transaction has been closed

The sale and leaseback of various properties held by Opus, referred to in a press release issued on September 1, 2020, has closed. The buyer-lessor is an affiliate of Fundamental Income Properties, LLC. JLL acted as real estate advisors to Opus in the transaction. The sales price is approximately SEK 500 million, and the estimated pre-tax gain for Opus Group is around SEK 300 million.  The lease agreements allow Opus a total lease term of up to 35 years. The rental terms for the properties are market standard.  “We are very pleased with this transaction, which will provide both

Opus has signed an agreement for a proposed sale and leaseback of properties

Opus has signed an agreement for a proposed sale and leaseback of various properties held by Opus. The closing of the sale and leaseback is conditioned upon certain conditions precedent, including buyer’s due diligence. Opus expects to close the transaction in September 2020. The buyer-lessor is Fundamental Income Properties, LLC. The sales price is expected to be approximately SEK 500 million, and the estimated pre-tax gain for Opus Group is around SEK 300 million. The lease agreements will give Opus an initial term and optional renewal terms to allow for a total of up to 35 years. The

Interim report Q2 2020

Report period April – June, 2020· Net sales in the quarter amounted to SEK 653 million (708). Reported net sales was 7.7% lower compared with Q2 2019. In constant currencies and adjusted for acquisitions, the organic growth was -11.7%. · EBITDA amounted to SEK 163 million (180), corresponding to an EBITDA margin of 25.0% (25.4). · EBITA amounted to SEK 97 million (120), corresponding to an EBITA margin of 14.8% (17.0). · Profit/loss for the quarter amounted to SEK -119 million (19) and includes unrealized net foreign exchange differences of SEK -77 million (-20), expenses of SEK -

Bulletin from Extraordinary General Meeting held on July 16, 2020

On July 16, 2020, the Extraordinary General Meeting (the “EGM”) was held at Opus Group AB (publ), Reg. No. 556390-6063.Below follows a summary of the resolutions taken. · To resolve, in accordance with the nomination committee’s proposal, that the company’s board of directors shall consist of seven members with no deputies. · To resolve, in accordance with the nomination committee’s proposal, to elect Erik Forsberg as new member of the board of directors. For the period until the end of the next annual general meeting, the board of directors consist of François Dekker (Chairman of

Notice of extraordinary general meeting of Opus Group AB (publ)

The shareholders of Opus Group AB (publ), Reg. No. 556390-6063, with registered office in Gothenburg (“Opus”), are hereby invited to the extraordinary general meeting (“EGM”) on Thursday, July 16, 2020.Opus is mindful of the health and well-being of its shareholders and employees. It´s important for Opus to take a social responsibility and contribute to reduce the risk of transmission of the Covid-19. Due to the extraordinary situation the EGM will be carried out through advance voting (postal voting) pursuant to temporary legislation. Thus, it will not be possible to attend in person or

The Nomination Committee of Opus proposes changes to the Board of Directors

The Nomination Committee of Opus Group AB (publ) proposes changes to the Board of Directors to be resolved on the Extraordinary General Meeting (“EGM”) which will be held on July 16, 2020. The current number of Board members amounts to six, the Nomination Committee has proposed that the number of Board members be seven and that Erik Forsberg is proposed as new Board member. The Board of Directors will otherwise continue to consist of the members elected at the Annual General Meeting held on May 13, 2020. Provided that the EGM resolves in accordance with the Nomination Committee’s

Bulletin from Annual General Meeting 2020

On May 13, 2020, the Annual General Meeting (the “AGM”) was held in Opus Group AB (publ), Reg. No. 556390-6063.Below follows a summary of the resolutions taken. · To adopt the income statement and balance sheet as well as the consolidated income statement and balance sheet for the Group.  · To carry forward the unappropriated earnings to the next year. · To discharge the Board of Directors and the CEO from liability for the 2019 financial year. · In accordance with the Nomination Committee’s proposal, it was resolved that fees to the Board remain unchanged with a fee of SEK

Interim report Q1 2020

Report period January – March, 2020· Net sales in the quarter amounted to SEK 674 million (633), a growth of 6.4% compared with Q1 2019. In constant currencies and adjusted for acquisitions, the organic growth was 0.3%. · EBITDA amounted to SEK 113 million (144), corresponding to an EBITDA margin of 16.8% (22.7). · EBITA amounted to SEK 47 million (87), corresponding to an EBITA margin of 7.0% (13.7). · Profit/loss for the quarter amounted to SEK 18 million (-17) and includes unrealized net foreign exchange differences of SEK 47 million (-3). · Cash flow from operating

Contract awards in Arizona

Opus subsidiary Gordon-Darby has been awarded a new four-year contract to run the centralized emission testing program in Arizona as well as a new emissions Remote Sensing pilot.The Arizona Department of Environmental Quality (ADEQ) and Gordon-Darby have signed a new four-year contract for the state’s centralized emission testing program, with a possible further extension period.  Gordon-Darby has also been awarded a new contract to pilot Opus’ emissions remote sensing technology in the state. In Arizona, approximately 1.6 million vehicles are inspected every year at 18 centralized

Opus revises its financial targets 2020

Opus’ established financial targets from April 2019 have been revised by the Board.Following the acquisition of a majority stake of Opus by Ograi and the improved headroom with respect to the leverage covenant under the new financing from Ares, the Opus Board of Directors has decided to remove the leverage target as of 2020. The financial targets for revenue growth and EBITA margin, adopted by the Board in early 2019, remain unchanged. The 2020 targets are as follows: · 5-10% annual revenue growth (Organic and acquisitive growth based on 3-year CAGR) · 15% EBITA margin

Opus redeems outstanding 2018/2022 500 MSEK Bonds

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND

Notice of Annual General Meeting of Opus Group AB (publ)

The shareholders of Opus Group AB (publ), Reg. No. 556390-6063, with registered office in Gothenburg, are hereby invited to the Annual General Meeting (“AGM”) on Wednesday 13 May 2020 at 18.00 CEST, at Advokatfirman Vinge, Nordstadstorget 6, in Gothenburg, Sweden. Registration starts at 17.30 CEST.MEASURES TO REDUCE THE RISK OF INFECTION SPREAD.As a precautionary measure to reduce the risk of transmission of the COVID-19 Coronavirus, Opus Group AB (publ) intends to keep the AGM very short and effective. No food will be served. The speeches will be limited to a few minutes or completely

Negative impact of Covid-19 on Opus

The Covid-19 outbreak is affecting Opus operations, and there is a considerable risk of a material impact on the Group’s financials. Opus is taking steps to minimize the impact on the Group.In recent days, a number of government authorities around the world have introduced measures resulting in a material reduction of inspection volumes, including the temporary suspension of vehicle inspection programs. Opus has introduced cost reduction measures to partially mitigate such volume reduction. Overall, management believes there is a considerable risk that this will have a material negative

Tender results and results in the written procedure for Opus 2018/2022 500 MSEK Bonds

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND

Opus to refinance all outstanding loans

Today, Opus has received the new financing through Ares Management Limited, consisting of facilities of 250 MUSD (approximately 2,500 MSEK) and approximately 646 MSEK, respectively, as described in Opus press release on 1 April 2020. The duration of the loan is seven years and the interest rate is variable and determined on various financial key ratios.The purpose of the new financing is to refinance all of Opus outstanding loans, including repurchase/redemption of Opus outstanding 2016/2022 500 MSEK Bonds. The refinancing is expected to be executed and finalised during April 2020.

Opus requests utilization under its financing agreement with Ares Management

Opus has entered into a new financing agreement with funds managed or advised by Ares Management Limited and its affiliates which provides for facilities of 250 MUSD (approximately 2,500 MSEK) and approximately 646 MSEK, respectively. Further, the financing agreement also provides for a Revolving Facility of 200 MSEK.Opus has requested utilization of a facility of 250 MUSD (approximately 2,500 MSEK) and approximately 646 MSEK under the financing agreement. The proceeds will be paid out 2 April 2020. Gothenburg, April 1, 2020Opus Group AB (publ)   This is information that Opus

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