Change of ownership in AVTECH Sweden AB (publ)

Holders of unlisted A-shares in AVTECH acquire A-shares from former board member

Lars Lindberg, former board member of AVTECH Sweden AB (publ), sells his entire holding of A-shares totaling 2,126,683, corresponding to approximately 3.8% of the capital and 16.9% of the votes. The buyers are the other board members of AVTECH, the majority of the other A-shareholders and the company's CEO, David Rytter.

"It is gratifying that so many long-term owners are interested in increasing their ownership in times when we are all under pressure from the pandemic.", says Bo Redeborn, Chairman of the Board.

For more information, please contact

Bo Redeborn, Chairman of the board +46 (0) 8 544 104 80

David Rytter, CEO, +46 (0) 8 544 104 80

This information is information that AVTECH Sweden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted through the above contact person’s provision for publication on November 12, 2020 at 16:00 CET.

https://www.avtech.aero/press-release-english#content

About AVTECH Sweden AB (publ)

AVTECH develops products and services for digital air traffic control systems. Customers are the aviation industry's various players such as airlines, airports, aviation, technology companies and aircraft manufacturers. With the help of the company's products and services, each individual flight or the entire flight operation can be optimized in terms of economy, noise and emissions, efficiency, punctuality and safety. The head office is in Stockholm / Kista. AVTECH Sweden AB (publ) is listed on NASDAQ First North Growth Market and has appointed Redeye AB to certified adviser. Email address: certifiedadviser@redeye.se and telephone number +46 (0)8 121 576 90.