Esmaeilzadeh Holding adjusts the fair value of its holding in Rebellion

Report this content

Esmaeilzadeh Holding AB (publ) ("EHAB") has, during its recurrent portfolio valuation process, decided to adjust the fair value of EHAB's holding in the portfolio company Rebellion Capital AB ("Rebellion") as of 30 November 2023, with approximately SEK -470 million, compared to the value as of 31 October 2023. The fair value of the holding thus amounts to approximately SEK 541 million. The adjustment entails a decrease in EHAB's net asset value by approximately 6.2%. EHAB continues to have great confidence in Rebellion's business and its management.

EHAB has decided to adjust the fair value of EHAB's holding in the portfolio company Rebellion. The decision follows from EHAB's valuation principles and EHAB’s adopted valuation hierarchy. The hierarchy stipulates that great importance shall be placed on recent transactions that are deemed to reflect the fair value of the relevant holding, unless circumstances call for an adjusted valuation. EHAB has taken the responsible decision that current circumstances call for a revaluation of the holding in Rebellion, in light of, inter alia, Rebellion's operational results, multiples for comparable companies, the company's growth prospects, the time that has passed since the last transaction, and the market conditions in general.

In light of the above, EHAB's fair value of its holding in Rebellion is adjusted to SEK 540.9 million as of 30 November 2023 (SEK 1,012.1 million as of 31 October 2023).

As active owners, EHAB works diligently with Rebellion's management to strengthen Rebellion's long-term development. EHAB continues to have great confidence in Rebellion's business and its management.

EHAB's monthly publication of net asset value (NAV), including NAV per share, will be made on 15 December 2023.

For further information, please contact:

Saeid Esmaeilzadeh, CEO and Founder

Email: saeid@ehab.group

Nils Fredrik Lagerstrand, General Counsel & Deputy CEO

Phone: +46 720 90 26 99

Email: nilsfredrik@ehab.group

This information is such that Esmaeilzadeh Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above on 14 December 2023, 16:45 CET.

About Esmaeilzadeh Holding AB (publ)

EHAB is an entrepreneurially driven investment company that invests in and develops resilient companies within selected industries. The primary focus is investments in operational groups with opportunities for both organic and acquisition-based growth. For more information, see www.ehab.group.

Subscribe