Proposal for business transfer and liquidation of OmniCar Holding AB
The board of directors of OmniCar Holding AB (“OmniCar” or the “Company”) has today agreed to transfer principally all of the business of the Company, subject to approval by an extraordinary general meeting, and proposes to the extraordinary general meeting that the Company is liquidated. A liquidation of OmniCar is not expected to result in any funds being distributed to the shareholders. The board of directors see the proposed actions as the only alternative to bankruptcy.OmniCar announced on May 24, 2024, that the Company must raise external capital to secure its continued business