Esmaeilzadeh Holding expects to make a write up of its holding in Rebellion
Esmaeilzadeh Holding AB (publ) (“EHAB”) today announces that it expects to make a write up of the value of its holding in the portfolio company Rebellion Capital AB (“Rebellion”) during the second quarter of 2022. Rebellion has informed EHAB that the company intends to carry out a directed share issue of 200 MSEK at a pre-money valuation of 2.5 BSEK and that Rebellion has obtained subscription undertakings of approximately 150 MSEK. EHAB has subscribed for 80 MSEK, and has provided a guarantee for the remaining amount should the share issue not be fully subscribed.
EHAB owns 40 percent of Rebellion and at the end of 2021, the reported value of EHAB's holding in Rebellion was approximately 332 MSEK, which is based on previous transactions in Rebellion. Subject to Rebellion’s general meeting deciding on the share issue on the above terms, EHAB will make a write up of the value of EHAB's holding in Rebellion accordingly.
Rebellion has further successfully placed a bond loan of 750 MSEK under a framework of 1 BSEK.
EHAB is confidently looking forward to Rebellion's continued journey.
For further information, please contact:
Saeid Esmaeilzadeh, CEO and Founder
Phone: +46 707 18 70 61
Email: saeid@ehab.group
Nils Fredrik Dehlin, General Counsel & IR
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 6 May 2022, 08:30 CEST.
About Esmaeilzadeh Holding AB (publ)
EHAB is an investment company that manages and establishes acquisition-oriented companies within a variety of industries and deep niches. EHAB's portfolio is constantly evolving as new opportunities and interesting niches are identified. EHAB’s net asset value amounts to approximately SEK 4.5 billion. For more information, see www.ehab.group.