Press releases

Nordstjernan acquires additional shares in Momentum Group

10/28/2020

THIS PRESS RELEASE IS NOT A PUBLIC OFFER OR AN OFFER TO ACQUIRE SHARES

Nordstjernan Aktiebolag (“Nordstjernan”) has today acquired 1 share of series B in Momentum Group AB (publ) (“Momentum Group”) for SEK 120 per share. Following the acquisition, Nordstjernan owns 495 848 shares of series A and 25 901 138 shares of series B in Momentum Group. Accordingly, Nordstjernan’s shareholding represents approximately 51.9 per cent of all shares and 51.0 per cent of all votes in Momentum Group.

The acquisition of additional shares in Momentum Group means that Nordstjernan, pursuant to the Swedish Act on Public Takeovers on the Stock Market (Sw. lagen (2006:451) om offentliga uppköpserbjudanden på aktiemarknaden) as well as the Swedish Securities Council’s rulings AMN 2019:42 and AMN 2020:14, is obliged to within four weeks make a public offer to acquire the remaining shares in Momentum Group (a so-called mandatory public offer) unless Nordstjernan within this four week period sells such number of shares that its shareholding represents less than three tenths of the voting rights for all shares in Momentum Group.

Nordstjernan’s intention is to fulfil its obligation to make a mandatory public offer and will announce this by way of a separate press release.

Further information

Nordstjernan submitted this press release for publication at 18:00 CET on October 28, 2020.

Peter Hofvenstam
President and CEO
Nordstjernan AB

Questions will be answered by:

Peter Hofvenstam, CEO, Nordstjernan
E-mail: peter.hofvenstam@nordstjernan.se

Stefan Stern, Head of Communications, Nordstjernan
Telephone: +46 70 636 74 17
E-mail: stefan.stern@nordstjernan.se

Nordstjernan is a family-controlled investment company whose business concept is to be an active owner that creates long-term value growth. More information about Nordstjernan can be found on www.nordstjernan.se.

Press Release (PDF)