Report from the Extraordinary General Meeting of DDM Holding AG

DDM Holding AG (First North: DDM) today held an Extraordinary General Meeting which adopted a resolution proposed by the Board of Directors to elect Mr. Mikael Nachemson as a new member of the Board of Directors for a term of office expiring upon completion of the next annual general meeting. 

Mr. Nachemson has previously been CEO of Bure Equity, AB Custos and E. Öhman J:or AB, and he has also held board positions with a large number of listed and private companies. Mr. Nachemson has solid experience from the finance industry and is currently Chairman of the Board of Påmind AB, a company that he also founded. Mr. Nachemson is a Swedish citizen and graduated from the Stockholm School of Economics.

Kent Hansson, Chairman of the board said: “We are very pleased that Mikael has joined the Board of Directors. He has significant experience as a board member of listed companies and in the finance industry, as well as an extensive network. He will be a highly valuable addition to the DDM Holding AG Board.”   

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 15:15 CET on 18 December 2017.

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

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, currently managing 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.

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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.