MELLBY GÅRD HAS INCREASED ITS SHAREHOLDING IN DUNI AND THEREBY CROSSES THE MANDATORY BID THRESHOLD

Not for release, publication, or distribution (in whole or in part) in, into or from any other jurisdiction where to do so would violate the laws of such jurisdiction. This press release is not an offer to buy shares. This press release is made in accordance with Chapter 3, Section 1 of the Swedish Takeovers Act (2006:451).

Press release

14 August 2023

Mellby Gård AB (“Mellby Gård”) has today acquired 6,000 shares in Duni AB (“Duni”) and thereafter owns a total of 14,100,500 shares, corresponding to 30.00 per cent of the shares and votes in Duni. The mandatory bid threshold, as set out in Chapter 3, Section 1 of the Swedish Takeovers Act (2006:451) (the “Takeovers Act”), has thereby been crossed. Within four weeks, Mellby Gård will either launch a mandatory public offer for the remaining shares in Duni or divest shares to such extent that Mellby Gård’s shareholding returns to a level below 30 per cent of the votes in Duni.

Mellby Gård has been a long-term shareholder in Duni since the initial public offering of the Duni-share on Nasdaq Stockholm in 2007 and has since then been the largest shareholder in Duni.

The increase of Mellby Gård’s shareholding from 29.99 per cent to 30.00 per cent is not motivated by any ambition or attempt to acquire all outstanding shares in Duni, but of a strong belief in the future prospects of Duni and Mellby Gård’s ambition to continue to support the growth and development of Duni as a very long-term and active major shareholder.

The shares that Mellby Gård has now purchased were acquired at a price of no more than SEK 96.80 per share. Mellby Gård has not acquired any other shares in Duni during the last six months.

Under the Takeovers Act, Mellby Gård is obliged to announce that the mandatory bid threshold of 30 per cent of the votes in Duni has been crossed. This press release constitutes such an announcement. In accordance with the Takeovers Act, Mellby Gård will, within four weeks, either launch a mandatory public offer for the remaining shares in Duni or otherwise divest shares to such extent that Mellby Gård’s shareholding in Duni returns to a level below 30 per cent of the votes in Duni.

The shares in Duni are listed on Nasdaq Stockholm, Mid Cap.

For further information about Mellby Gård, see www.mellby-gaard.se.

For additional information, please contact:

Johan Andersson, CEO 
+46 708 88 33 06
johan@mellby-gaard.se

This information was submitted for publication on 14 August 2023 at 12.00 (CEST).

About Mellby Gård AB

Mellby Gård is a family-owned, long-term and active investor founded in 1986. Today, the Mellby Gård group consists of around twenty companies, mainly within four business verticals: Industry, Consumer goods, Agriculture and Services. Approximately half of the companies are fully controlled subsidiaries whereas the other half is associated companies in which Mellby Gård normally acts as the largest shareholder. Examples of companies within the group are Roxtec, Feralco, Academedia, Duni and KappAhl. In 2022, the subsidiaries had consolidated net sales of SEK 11.5 billion and Mellby Gård’s head office is located in Malmö. www.mellby-gaard.se.