Report from the Extraordinary General Meeting of DDM Holding AG

DDM Holding AG (First North: DDM) today held an Extraordinary General Meeting (the “EGM”) which adopted the following resolutions proposed by the Board of Directors.

Election of new Board Members

Jörgen Durban and Florian Nowotny were both elected as new members of the Board of Directors. Their elections are each for a term of office expiring upon completion of the next annual general meeting.

Jörgen Durban currently chairs the board of directors of Haldex AB (Nasdaq Stockholm: HLDX) and Anoto Group AB (Nasdaq Stockholm: ANOT). He is a partner at Bdp Partners AB and has previously been a partner at Linklaters Stockholm and London, where he has previously lead Linklaters’ Swedish practice as national managing partner. Mr Durban holds a LLM from Stockholm University and is a member of the Swedish Bar Association.

Florian Nowotny currently serves as CFO of Invester United Benefits GmbH. He has previously served as CFO of CA Immobilien Anlagen AG and Director of Equity Capital Markets at UniCredit. A graduate of Wirtschaftsuniversität Vienna, Mr Nowotny has also earned an MBA at INSEAD.

Election of the Chairman

Following the Board of Directors’ proposal, the EGM elected Jörgen Durban as chairman of the Board of Directors for a term of office expiring upon completion of the next annual general meeting.

Election of the Members of the Remuneration Committee

Jörgen Durban was elected as a new member of the remuneration committee for a term of office expiring upon completion of the next annual general meeting.

This is information which DDM Holding AG is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 11:15 CEST on 30 August 2019.

For more information, please visit DDM’s website at www.ddm-group.ch or contact: 

Henrik Wennerholm, Chief Executive Officer

Tel: +41 79 539 88 59

Mail: investor@ddm-group.ch

DDM Holding AG (Nasdaq First North, Stockholm: DDM) is a multinational investor in and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, having acquired 2.3 million receivables with a nominal value of over EUR 4 billion. DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. Arctic Securities is DDM Holding AG’s Certified Adviser, e-mail: certifiedadviser@arctic.com, tel: +46 8 44686100.

About Us

DDM Holding AG (First North Growth Market: DDM) is a multinational investor in and manager of distressed assets, offering the prospect of attractive returns from the expanding Southern, Central and Eastern Europe market. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, and has acquired 2.3 million receivables with a nominal value of over EUR 4 billion. For sellers (banks and financial institutions), management of portfolios of distressed assets is a sensitive issue as it concerns the relationship with their customers. For these sellers, it is therefore critical that the acquirer handles the underlying individual debtors professionally, ethically and with respect. DDM has longstanding relations with sellers of distressed assets, based on trust and the Company’s status as a credible acquirer. The banking sector in Southern, Central and Eastern Europe is subject to increasingly stricter capital ratio requirements resulting in distressed assets being more expensive for banks to keep on their balance sheets. As a result, banks are increasingly looking to divest portfolios of distressed and other non-core assets. DDM Holding AG, the Parent Company, is a company incorporated and domiciled in Baar, Switzerland and listed on Nasdaq First North Growth Market in Stockholm, Sweden, since August 2014.