Kent Hansson becomes acting CEO of DDM Holding AG

DDM Holding AG’s (Nasdaq First North: DDM) founder and Chairman of the Board of Directors Kent Hansson will assume the position of acting CEO of the DDM Group with immediate effect. Outgoing CEO Andreas Tuczka is stepping down from his position for family reasons, but will remain as a member of the Company’s investment committee and an advisor to the Company. DDM will initiate the process to recruit a new CEO without delay.

“The Board of Directors has great respect for Andreas Tuczka’s decision and wishes to extend its gratitude for his significant contributions to DDM. We are also pleased to still have access to his substantial expertise and broad network,” says Kent Hansson, Chairman of the Board and incoming acting CEO.

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 5 February 2018.

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

Kent Hansson, Chairman of the Board and acting CEO
Mail: investor@ddm-group.ch | Tel: +41 79 503 49 45

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.