Handicare Applies for De-listing and Convenes an Extraordinary General Meeting

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Savaria (Sweden) AB (under name change from Goldcup 26098 AB) (“Savaria”), a company wholly owned by Savaria Corporation, declared the public offer for Handicare Group AB (publ) (“Handicare” or the “Company”) unconditional on 4 March 2021. Savaria controls more than 90 per cent of the shares in Handicare and has requested compulsory redemption of the remaining shares in the Company.

The board of directors of Handicare has, at the request of Savaria, today resolved to apply for de-listing of the Company’s shares from Nasdaq Stockholm. The last day of trading in the Company’s shares on Nasdaq Stockholm will be announced as soon as the Company has received Nasdaq Stockholm’s de-listing decision.

As requested by Savaria, the board of directors of Handicare has further today given notice of an extraordinary general meeting to be held on 31 March 2021, for the purposes of, amongst other things, appointing a new board of directors.

The board of directors of Handicare has also decided to postpone the date of the annual general meeting, which was planned to be held on 6 May 2021. Handicare will communicate a new date for the annual general meeting in due course.

For information, please contact:
Pernilla Lindén, CFO & Investor relations
Tel: +46 708 775 832

Email: ir@handicare.com

The information set out in this announcement was submitted for publication on 5 March 2021, 18.05 CET.

About Handicare

Handicare 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 and vehicle adaptations. Handicare is a global company with sales in some 40 countries and is one of the market leaders in this field. The head office is in Stockholm, Sweden and manufacturing and assembly is located at four sites distributed across North America, Asia and Europe. In the twelve-month period to December 2020, revenue amounted to MEUR 205 and the adjusted EBITA margin was 8.4%. Employees amounted to approximately 940 and the share is listed on Nasdaq Stockholm. For more information, www.handicaregroup.com.