Change to IES’s Nomination Committee for the Annual General Meeting 2018

The Nomination Committee of Internationella Engelska Skolan i Sverige Holdings II AB (“Internationella Engelska Skolan” or “IES”) consists of representatives of its three largest shareholders.

As of 30 April 2018, the three largest shareholders recorded in the company’s share register were Bock Senior Capital Investors S.à.r.l., Greenbush Förvaltnings AB and Investment AB Öresund. On 18 May 2018, the company announced that these three shareholders would be represented on its Nomination Committee.

IES’s ownership structure has altered since then, and as of 31 July 2018, the three largest shareholders recorded in the company’s share register were Bock Senior Capital Investors S.à.r.l., Greenbush Förvaltnings AB and Paradigm Capital Value Fund SICAV. Accordingly, Paradigm Capital Value Fund SICAV will replace Investment AB Öresund on the Nomination Committee.

Bock Senior Capital Investors S.à.r.l. (31.9% of the vote), Greenbush Förvaltnings AB (19.2% of the vote) and Paradigm Capital Value Fund SICAV (8.3% of the vote) have appointed the following representatives to the Nomination Committee:

• Birker B. Bahnsen, who represents TA Associates, who in turn, serves as advisor to Bock Senior Capital Investors S.à.r.l.
• Hans Bergström, who represents Greenbush Förvaltnings AB
• Jan Hummel, who represents Paradigm Capital Value Fund SICAV

The above calculation is based on 40,050,000 shares, which represents the total number of ordinary shares in Internationella Engelska Skolan.

Internationella Engelska Skolan’s Annual General Meeting for the financial year 1 July 2017 – 30 June 2018 will be held on 20 November 2018. In order for the Nomination Committee to be able to evaluate the proposals received with due care, proposals must be submitted by no later than 28 September 2018. The Nomination Committee’s proposals will be presented in the Notice convening the Annual General Meeting 2018 and on the company’s website.

Shareholders in Internationella Engelska Skolan should send proposals to the Nomination Committee by email to valberedning@engelska.se.

For more information, please contact:

Johan Hähnel, Investor Relations, IES
Tel: +46 (0)70 605 6334
Email: johan.hahnel@engelska.se

The information was submitted for publication, through the agency of the above contact, on 21 August 2018 at 08:00 CET.

About Internationella Engelska Skolan

Internationella Engelska Skolan, IES, is one of the leading free school operators in Sweden with some 24,000 students in 34 schools at the beginning of the academic year 2017/18. IES operates schools for students from preschool until the third year of upper secondary school. Its main focus is grades 4-9, what is often called “middle school.” Within the compulsory school system in Sweden, IES is the leading independent operator, with nine of the ten largest free schools. IES’s results on the national tests in grade 9 are far above average in Sweden. 

Internationella Engelska Skolan was founded in 1993 and is in its 25th year of operation. Throughout this period, its schools have been defined by the three core convictions of its founder, Mrs. Barbara Bergström:

• A safe and orderly environment, where teachers can teach and students learn. 
• To command the English language—the key to the world.
• High academic expectations and targets.

Up to half of the teaching in IES schools is in English, by native English speaking teachers. Over 700 teachers with qualified foreign teaching degrees are currently teaching in IES schools. They are mainly recruited from Canada, USA, UK and South Africa.

IES’s student base is in high growth. Over the past ten years, total operating income has increased organically by an average of 19% per year. In the most recent financial year 2016/17, which concluded on 30 June 2017, total operating income was SEK 2,043.3 m, an increase of some 13% year on year. As of 30 March 2018, there were approximately 179,000 applications in the waiting list to secure a place for the current and forthcoming years.

Internationella Engelska Skolan has been listed on Nasdaq Stockholm Mid Cap, with the ticker ENG, since the end of September 2016. The largest (indirect) shareholders of IES are TA Associates of the US, which has close affiliations to leading universities and foundations in the US, and IES’s founder Barbara Bergström. Other major shareholders as of the end of June 2018 include Paradigm Capital, investment company Öresund, Swedbank Robur fonder, the Third Swedish National Pension Fund, SEB fonder and AMF Försäkring & Fonder (owned jointly by LO, The Swedish Trade Union Confederation and the Confederation of Swedish Enterprise). 

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