Key personnel at the Byggmax Group acquire warrants

Key personnel at the Byggmax Group acquire 400,000 warrants under the recently decided 2024/2029 incentive program.

The Annual General Meeting on May 6, 2024 resolved in favor of an incentive program, comprising a private placement of warrants to the subsidiary Byggmax AB, for onward assignment at market value to key individuals at the Byggmax Group. Each warrant entitles the holder, during the period June 11, 2029 through December 10, 2029, to subscribe for one (1) new share in Byggmax Group AB at a subscription price of SEK 48.00. The resolution means that seven key individuals at the Byggmax Group will have the opportunity to acquire up to a total of 440,000 warrants.

Assignment of 400,000 warrants to participants in the incentive program has now been completed.

For further information, please contact:

Helena Nathhorst, CFO
Mobile: +46 76 119 00 40
E-mail: helena.nathhorst@byggmax.se

Karl Sandlund, President and CEO
Mobile: +46 76 119 01 84
E-mail: karl.sandlund@byggmax.se

About Byggmax Group

Byggmax is a leading Nordic retail chain offering construction materials and do-it-yourself products with a well-developed online commerce section and 209 physical stores in Sweden, Norway, Finland and Denmark. Byggmax offers straightforward and excellent value products of high quality at the best price. Byggmax wants to be close to its customers and offer customers the know-how to improve their homes, regardless of budget or previous experience. Included in Byggmax Group is Skånska Byggvaror, a Nordic e-commerce company with self-developed compound products for home and garden, such as patio rooms and green houses. The group’s annual revenue 2023 was SEK 6.1 billion and the corporate group is listed on Nasdaq since 2010.