Cidron Liberty System (Nordic Capital Fund VII) has granted call options to Handicare´s President and CEO

Handicare Group AB (publ) (“Handicare”) has today been informed by its largest shareholder Cidron Liberty System SARL (“Cidron”) that Cidron has granted 583,657 call options that entitles to purchase 583,657 Handicare shares, to Handicare´s President and CEO Staffan Ternström in order to further align his interest with the shareholders.

The call options have been purchased on market terms, for a total consideration of SEK 1.5 million. The value of the call options has been calculated by an independent valuation institute using a standard valuation model (Black-Scholes). Each option entitles to the purchase of one Handicare share during a short period after the publication of Handicare´s Interim report for the second quarter 2020.

Boel Sundvall

Tel: +46 72 374 74 87
boel.sundvall@handicare.com

About Handicare

Handicare Group offers solutions to increase the independence of disabled or elderly people, and to facilitate for their care providers and family. The offering encompasses a comprehensive range of curved and straight stairlifts, transfer, lifting and repositioning aids, vehicle adaptations and medical equipment. Handicare Group is a global company with sales in more than 20 countries and is a market leader in this field. The head office is in Stockholm, Sweden and manufacturing is located at six sites distributed across North America, Asia and Europe. In the 12-month period to March 2018, revenue amounted to MEUR 283 and the adjusted EBITA margin was 8.7%. Employees numbered around 1,200 and the share is listed on Nasdaq Stockholm. For more information, see www.handicaregroup.com.

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