Ambea intends to list its shares on Nasdaq Stockholm

Ambea AB (publ) (”Ambea” or the ”Company”), a leading provider of care services in Sweden, is today announcing its intention to proceed with an initial public offering of the Company’s shares on Nasdaq Stockholm (“the Offering”).

• Nasdaq Stockholm has approved Ambea’s application for listing subject to customary conditions
• Five investors have committed to become cornerstone investors: Investment AB Öresund, Carve Capital AB, Catella Fondförvaltning AB, Didner & Gerge Fonder AB and RAM ONE AB, whose combined commitments amount to SEK 750 million, corresponding to approximately 15 percent of the Company’s shares
• The Offering is expected to be conducted at a fixed price corresponding to a total value of the Company’s shares of approximately SEK 5 billion 

Fredrik Gren, CEO and President of Ambea:

”Ambea has achieved strong growth in combination with high quality and today has around 200 Swedish municipalities as clients. The need for care is large and growing, and we want to contribute to solve this challenge for society. Our strategy is to contribute to strengthen the care for our elderly and those in need of special support, by working with improvements in quality, developing new units and focusing on competence development. Transparency and quality are of high importance in order to become a successful care provider in the long-term. We therefore view the listing, with broadened ownership and clear transparency requirements, as essential in our ambition to contribute to the development of care in our community.”

Lena Hofsberger, Chairman of the Board of Ambea:

”I have a strong belief in Ambea’s future prospects. The large interest from new, long-term and professional owners confirms that Ambea's consistent focus on quality in all areas of the business has been successful. The Company has established a leading position on the Swedish care market with attractive growth opportunities in Ambea’s focus areas, own management and residential care. Therefore it is the right time in the Company’s development to broaden its ownership base, which will lead to an increased confidence in the company.”

For further information, please contact:

Louise Tjeder, Head of IR and Strategy at Ambea
Telephone: +46 73 143 17 68
E-mail: louise.tjeder@ambea.se

Nanna Wedar, Head of Communications
Telephone: +46 70 166 58 88
E-mail: nanna.wedar@ambea.se