DDM nominates Torgny Hellström as Chairman of the Board

DDM Holding AG (First North: DDM) announces the nomination of Torgny Hellström as Chairman of the Board. Torgny Hellström is currently a member of the Board of Directors of DDM Holding AG, and has been selected to succeed Kent Hansson, who has declined re-election as Chairman.

“The Board wishes to thank Kent Hansson for his significant contributions to our company. With Torgny Hellström, DDM will get an experienced Chairman who knows our business well,” says Joachim Cato, Chairman of the Nomination Committee of DDM Holding AG.

Kent Hansson will remain in his position as interim CEO of DDM.

The invitation to the annual general meeting of DDM Holding AG will be made available within short. The annual general meeting will be held on May 23, 2018 in Zug, Switzerland.

This is information which DDM Holding AG is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08:00 CET on 26 April 2018.

For more information, please visit DDM’s website at www.ddm-group.ch or contact:

Kent Hansson, Chairman of the Board and interim CEO
Tel: +46 70 284 43 48

Mats Hedberg, Investor Relations Manager
Mail: investor@ddm-group.ch | Tel: +46 70 730 81 27

DDM Holding AG (Nasdaq First North, Stockholm: 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. DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. Erik Penser Bank is DDM Holding AG’s Certified Adviser.

Tags:

About Us

DDM Holding AG (First North: DDM) is 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.