Mikael Nachemson to leave DDM Board of Directors to focus on other engagements

DDM Debt AB (Nasdaq Stockholm: DDM2) announces that Mikael Nachemson, member of the Board of Directors of DDM Holding AG, has informed the Board of Directors that he will leave his assignment to focus on other engagements.

“I strongly believe in DDM’s strategy and long-term potential and will continue to hold the shares I own in DDM. However, I am no longer able to devote the time required to meet my obligations as an independent member of the Board of Directors of DDM, due to increased commitments toward other engagements,” says Mikael Nachemson.

“I want to thank Mikael for his time as a member of the Board, during which he has done a fantastic work. We wish him all the best in his other engagements,” says Torgny Hellström, Chairman of the Board at DDM Holding.

Mikael Nachemson leaves the Board of Directors of DDM Holding AG with immediate effect.

For more information, please contact:

Torgny Hellström, Chairman of the Board
Mail: investor@ddm-group.ch | Tel: +41 79 434 87 98

DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. DDM Holding AG (First North: DDM) is a multinational investor in and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, and has acquired 2.3 million receivables with a nominal value of over EUR 3.5 billion.

Tags:

About Us

DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a subsidiary of DDM Holding AG (First North: DDM) a multinational investor in and manager of distressed assets, offering the prospect of attractive returns from the expanding Southern, Central and Eastern Europe market. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, and has acquired 2.3 million receivables with a nominal value of over EUR 3.5 billion. For sellers (banks and financial institutions), management of portfolios of distressed assets is a sensitive issue as it concerns the relationship with their customers. For these sellers, it is therefore critical that the acquirer handles the underlying individual debtors professionally, ethically and with respect. DDM has longstanding relations with sellers of distressed assets, based on trust and the Company’s status as a credible acquirer. The banking sector in Southern, Central and Eastern Europe is subject to increasingly stricter capital ratio requirements resulting in distressed assets being more expensive for banks to keep on their balance sheets. As a result, banks are increasingly looking to divest portfolios of distressed and other non-core assets. DDM Holding AG, the Parent Company, is a company incorporated and domiciled in Baar, Switzerland and listed on Nasdaq First North in Stockholm, Sweden, since August 2014.