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  • Morten Kvam

    Chief Communications Officer


    +47 930 28 970
    https://hudyagroup.com/en/
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    Report from Annual General Meeting of Hudya AB

    At the Annual General Meeting of Hudya AB (the “company”) on 25 June 2020, which due to the coronavirus has been carried out solely through postal voting pursuant to temporary legislation, the following resolutions were adopted. All resolutions were in accordance with the proposals described in detail in the general meeting documents which are available at the company’s website, hudyagroup.com. a. The income statements and balance sheets of the company and the group for the financial year 2019 were adopted. b. All available profits were carried forward and no dividend declared. c.

    Hudya AB has ongoing negotiations with a major lender

    Hudya AB has ongoing negotiations with a major lender. The company will update the market about the outcome as soon as the negotiations are completed. For further information, please contact:Ole Morten Settevik, Chairman of the Board, Hudya ABPhone: + 47 907 53 840Email: oms@hudya.noMorten Kvam, Chief Communictions Officer at HudyaE-mail: mk@hudya.noTel: +47 930 28 970hudyagroup.com About Hudya Hudya AB is an innovative Scandinavian fintech company with operations in Sweden, Denmark and Norway and has approximately 190 employees. Hudya creates technical solutions for a

    Hudya AB has adopted a revised business plan

    Since March, Hudya AB's management has focused on developing a business plan where the goal is a positive operational result. The Board of Directors of Hudya has decided to adopt the revised business plan, which is now being implemented. The focus is on profitability and optimization of the Group's business opportunities. “We feel confident with the revised business plan and that it will give Hudya an operational balance,“ says Hudya AB's chairman Ole Morten Settevik. The revised business plan is largely based on further digitalization of Hudya's processes, focusing on the areas where

    Hudya publishes Annual Report for 2019

    Hudya AB’s Annual Report for 2019 has today been published on the company’s website. The Annual Report is available in Swedish at https://ir.hudyagroup.com/ir/investerare/rapporter--presentationer/ Hudya's annual report differs from the communicated Year-end Report for 2019:   ·Impairment of goodwill May 2019, Hudya acquired parts of rights and assets from SalesPartners Direct Sales ApS. Originally, MSEK 22.7 was recognized as goodwill in connection with the acquisition. This goodwill is written down in its entirety as of December 31, 2019. The impairment, that is not

    Notice of Annual General Meeting in Hudya AB

    N.B. This notice is a translation of a Swedish notice, and in case of any conflict between the two language versions, the Swedish version shall prevail.The shareholders of Hudya AB, reg. no. 559077-0748, (“Hudya” or the “Company”) are hereby summoned to the Annual General Meeting (“AGM”) on Thursday 25 June 2020. In the light of the current situation regarding the coronavirus, the Board of Directors of the Company, in accordance with the Implementation of Shareholder and Association Meetings (Temporary Exceptions) Act (sv. Lag (2020:198) om tillfälliga undantag för att underlätta

    Hudya AB informs on its liquidity situation

    Hudya AB (the “Company”) today informs that the Company has a liquidity shortage and assesses that there is not sufficient working capital for the forthcoming twelve months. However Hudya secures the short term liquidity from existing creditors.On 26 March 2020, the Company announced, by the means of a press release, that the Company has extended its credit lines in order to increase the ability for the Company to continue its business during the hurdles created by the Covid-19 outbreak. Hudya is currently developing a revised business strategy and action plan for the company and both long-

    Hudya sells parts of customer portfolio

    The Hudya AB subsidiary, Hudya Data & Tele AS, has agreed with the Norwegian telecom enabler, eRate AS, to sell parts of the Norwegian telecom customer portfolio at a price of 10.000.000,- Norwegian kroner.«This transaction is an important step in the right direction to consolidate the group and achieving a positive bottom line», states CFO of Hudya AB, Hanne Ek.“A majority of the portfolio sold consists of customers acquired through M&A. Hudya wants to focus on acquiring new customers organically, as we see a clear tendency that customers buying into the Hudya value proposition from the

    Hudya AB announces change of CEO: names Mats Wennberg as interim CEO with immediate effect

    Hudya AB has appointed Mats Wennberg as interim CEO as of today, and he will simultaneously leave his position as Board Member of Hudya. Mr. Wennberg has been a Board Member of Hudya since 2018.“I’m very satisfied that Mats Wennberg, with his knowledge of Hudya through his role as a Board Member since 2018 and experience from his positions at Microsoft Europe as well as Management Consultant and investor in several international companies, has accepted to become our new interim CEO”, says Chairman of the Board Ole Morten Settevik in Hudya AB. He continues:“Mr. Wennberg knows Hudya well

    Hudya AB resolves on a directed issue of warrants to Scandinavian Credit Fund I AB (publ)

    On 26 March 2020 Hudya AB (the “Company”) announced, by the means of a press release, that the Company had extended its credit line from Scandinavian Credit Fund I AB (publ) (“SCFI”) by MSEK 35. Under the new agreement SCFI were to be granted 10 million warrants in the Company. The Board of Directors of the Company has today therefore resolved upon, pursuant to the authorization by the Extraordinary General Meeting held on 16 October 2019, a directed issue of 10,000,000 warrants, with deviation from the shareholders’ pre-emptive right, to SCFI. The reason for deviation from the shareholders’

    Hudya AB resolves on a directed issue of shares as part of an aquisition

    On 25 February 2020 Hudya AB (the “Company”) informed the market, by the means of a press release, that it had entered into an agreement with Sponz AS whereby the Company purchased a portfolio of 5,000 mobile phone customers. The purchase price was to be paid for with shares in the Company and the Board of Directors of the Company has therefore today resolved upon, pursuant to the authorization by the Extraordinary General Meeting held on 16 October 2019, a directed issue of 628,019 shares, with deviation from the shareholders’ pre-emptive right. The reason for deviation from the

    Hudya AB resolves on a directed issue of shares to three lenders by set-off

    The Board of Directors of Hudya AB (the “Company”) has today resolved upon, pursuant to the authorization by the Extraordinary General Meeting held on 16 October 2019, a directed issue of 4,852,188 shares, with deviation from the shareholders’ pre-emptive right. The issue is directed to three lenders (Klaus Zwisler, Jean Dühring, and Strategic Investments A/S) under an equity bridge loan agreement, that the Company entered into in October 2019, in order to enable conversion of the loan amount into shares in accordance with the equity bridge loan agreement. The reason for deviation from the

    Hudya AB resolves on a directed issue of shares to a lender by set-off

    The Board of Directors of Hudya AB (the “Company”) has today resolved upon, pursuant to the authorization by the Extraordinary General Meeting held on 16 October 2019, a directed issue of 1,350,155 shares, with deviation from the shareholders’ preemptive right. The issue is directed to a lender (MH Investment ApS) under an equity bridge loan agreement, that the Company entered into in October 2019, in order to enable conversion of the loan amount into shares in accordance with the equity bridge loan agreement. The reason for deviation from the shareholders’ preemptive right is that the

    Hudya AB’s CEO, Michael Sundins’ Letter to shareholders

    Dear shareholders, It is an exciting challenge to take the responsibility as the CEO of Hudya AB (publ), a Company that just recently was listed on Nasdaq First North Growth Market and the latest couple of years expanded significantly not only organically but also through an aggressive M&A strategy. My short-term agenda will be focused on consolidation and integration of operations to create a homogeneous company that benefits from savings and synergies in the organization, the technological development and the product offerings. With the objective to strengthen the Group's financial

    Michael Sundin has been appointed as CEO in Hudya AB

    The fintech company Hudya AB has appointed Michael Sundin as CEO. The Board of Directors informs that Mr Sundin will be in charge of the company as from 26 March 2020. “I’m very satisfied that Michael Sundin, with his extensive experience from Finans Skandic AB (financial services),  Point International AB (fintech) and Seamless Distribution AB (mobile subscription and digital payments) has accepted to become our new CEO”, says Chairman of the Board Ole Morten Settevik in Hudya AB. He continues:“With the listing at Nasdaq First North Growth Market in Stockholm Hudya is entering

    Hudya increases its credit lines by an additional MSEK 35

    As stated in the IPO prospectus, Scandinavian Credit Fund I AB (”SCFI”) has granted a credit line of MSEK 15 to Hudya AB. This credit line is now extended by MSEK 35 to increase the ability for Hudya to continue the business in the best possible way, also during the hurdles created by the Covid-19 situation.As for most other listed companies, also Hudya has initially had a very negative development of its stock value due to the Covid-19 situation. To mitigate the risk level, Hudya has granted SCFI 10 million warrants in Hudya with strike price of SEK 2,50. With this tool SCFI becomes a

    Hudya AB (publ) Year-end report 2019

    Third and Fourth quarter in figures · Net sales of MSEK 60.9 (48.0) · EBITDA of MSEK -57.8 (-12.5) · EBIT of MSEK -76.5 (-77.3) · Earnings for the period were MSEK -91.2 (73.9) · Earnings per share amounted to SEK -4.05 (-3.89) · At 31 December, cash and cash equivalents were MSEK 14.6 (14.0) Full year in figures · Net sales MSEK 144.0 (106.2) · EBITDA of MSEK -74.0 (-26.6) · EBIT of MSEK -102.5 (-94.7) · Earnings for the period were MSEK -121.9 (-92.1) · Earnings per share amounted to SEK -5.41 (-4.84) · At 31 December, cash and cash equivalents

    Continued strong numbers for Hudya AB in February

    Hudya continued the strong development from January also in February, especially in the Norwegian market.As of February 29th, 2020, the development of the Hudya Group can be summarized as follows:  · The total user base consists of 97,000 customers as of February 29th. (The user base is defined as customers who have given Hudya their consent. This includes Payr, credit operations, insurance, mobile telephony and electricity). · The number of new users increased by 2,700 from January 31st to February 29th. · Sales in the Hudya group amounted to MSEK 12,7 during the month of

    Hudya AB postpones the company’s year-end report with one week

    Hudya AB has decided to postpone the year-end report with one week. The year-end report will be published on March 26, 2020.Hudya AB has decided to postpone the company's year-end report for 2019 to March 26, 2020 due to delays caused by the Covid-19 situation. Previously announced day for the year-end report was March 19, 2020.   For further information, please contactMorten Kvam, Chief Communications OfficerPhone: +47 930 28 970Mail: mk@hudya.noHanne Ek, CFOPhone: + 47 926 62 379Mail: hanne@hudya.no (mailto:%20hanne@hudya.no)  About HudyaHudya AB is an innovative

    Hudya has signed agreements with two Public Housing Associations in Denmark

    The fintech company Hudya and the two Danish Public Housing Associations KAB and AAB have signed two separate agreements to provide power to the two associations’ tenants. The agreements will enable Hudya to provide power at fair prices without a subscription fee and lock-in period to more Danish households.“So far in 2020 we have seen a growing organic increase of roughly 300 new power customers and metering points each month, and we are continually striving for more volume in our energy product vertical”, says CEO Lars Zillo Tidemann of Hudya Denmark. He continues:“AAB and KAB manage 62.

    Hudya has signed a brand agreement with Telenor A/S for launch of Hudya Mobile in Denmark

    The fintech company Hudya AB and Telenor A/S have signed a brand agreement regarding launch of mobile telephony in Denmark. The brand agreement will enable Hudya to sell Telenor subscriptions branded as Hudya also on the Danish market.- By launching mobile telephony in Denmark Hudya is getting closer to a complete offer of Hudya services also on the Danish market, with 3 out of 4 everyday services available. The investments and time to market will be significantly smaller and shorter compared to a service provider agreement, because Telenor will provision, manage and invoice all

    Hudya AB (publ) appoints Lago Kapital as liqudity provider

    Hudya AB (publ) LIQUIDITY PROVIDING AGREEMENT Hudya AB (publ) has entered into a Liquidity providing (LP) agreement with Lago Kapital Ltd on February 12 2020.  According to the agreement Lago Kapital Ltd will quote bids and offers for Hudya AB (publ)'s share within the framework for NASDAQ Stockholm rules for liquidity provision. The spread of the bid and offer prices is a maximum of 4 per cent calculated on the bid price. The quotes on bid and offer must be at least 15.000 Swedish krona worth of shares. The intention is to promote liquidity in the share. Lago Kapital Ltd shall

    Hudya announces the outcome of the new issue of shares in connection with the listing on Nasdaq First North Growth Market

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND PROVINCES, EVERY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, SINGAPORE, NEW ZEALAND, JAPAN, SOUTH KOREA, CANADA, SWITZERLAND, HONG KONG OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.Hudya AB (“Hudya” or the ”Company”) today announces the outcome of the new issue of shares in the Company (the “Offering”) prior to the forthcoming

    Hudya lists on Nasdaq First North Growth Market

    Hudya AB (”Hudya” or the “Company”) has on 15 January 2020 announced its intention to list its shares on Nasdaq First North Growth Market. Nasdaq First North Growth Market has informed that the Company preliminary meets the listing requirements provided that customary conditions are fulfilled, including formal application for listing. The first day of trading is expected to be 14 February 2020. About HudyaHudya AB is an innovative Scandinavian fintech company with operations in Sweden, Denmark and Norway and approx. 250 employees. Hudya simplifies life by offering everyday services,

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