Nordstjernan has sold shares in Momentum Group
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE FURTHER REGISTRATION OR ANY OTHER MEASURES
Nordstjernan Aktiebolag (“Nordstjernan”) has sold 4.9 million Class B shares in Momentum Group AB (“Momentum Group” or the “Company”), at a price of SEK 95 per share, to certain Swedish and international institutional investors (the “Share Sale”). Following the Share Sale, Nordstjernan owns 22.9 million Class B shares and 213 Class A shares in Momentum Group, corresponding to 45.3 percent of the capital and 41.2 percent of the votes in the Company, and thereby remains the largest shareholder.
Nordstjernan invested in Momentum Group in 2019 and has experienced a strong growth journey, not least with the merger between Momentum Group and Swedol in 2020 and the spin-off of the current Momentum Group from Alligo in March 2022. By realizing a small part of the value increase, Nordstjernan increases its flexibility to make new investments.
“We are very proud of the development of Momentum Group as an independent listed company. Nordstjernan continues to be the largest owner in Momentum Group and fully supports the Company’s long-term strategy in the same way as before,” says Peter Hofvenstam, CEO of Nordstjernan.
CEO, Ulf Lilius, and CFO, Niklas Enmark, have acquired 105,711 and 15,789 shares, respectively in connection with the Share Sale.
In connection with the Share Sale, Nordstjernan has agreed to a customary lock-up undertaking of 180 days in relation to the remainder of its holding. The lock-up undertaking is subject to customary exceptions.
Carnegie Investment Bank AB (publ) ("Carnegie") acted as Sole Bookrunner in connection with the Share Sale.
Peter Hofvenstam
CEO
Nordstjernan AB
Questions will be answered by:
Kajsa Andersson, Head of Communications, Nordstjernan
Mobile: +46 76 148 82 84
E-mail: kajsa.andersson@nordstjernan.se
Nordstjernan is predominantly owned by the Axel and Margaret Ax:son Johnson Foundations. Since its establishment in 1890, Nordstjernan has owned and developed hundreds of companies in a range of industries. Today, Nordstjernan has investments in more than 20 companies in five sectors. Together, these companies have sales of SEK 120 billion and employ more than 50,000 people. Read more on www.nordstjernan.se.
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This press release does not constitute an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended and applicable from time to time (the "Securities Act"), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of such securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require registration or other measures than what is required under Swedish law. Any action in violation of this instruction may constitute a crime against applicable securities laws and regulations.
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In the United Kingdom, this press release and any other materials relating to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this press release relates is only available to, and will only be engaged with "qualified investors" (pursuant to the definition in article 86(7) of the British Financial Services and Markets Act 2000) who are (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the British Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling within the meaning of Article 49(2)(a)-(d) of the Order (all such persons together being referred to as "relevant persons"). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release, nor act or rely upon it.
This press release does not identify, nor purport to identify, the risks (direct or indirect) that may be associated with an investment in the Company's shares. Any investment decision to acquire or subscribe for shares in the Company must be made on the basis of all publicly available information relating to the Company and the Company's shares.
Carnegie acts for Nordstjernan in connection with the Share Sale and no one else. Carnegie will not be responsible to anyone other than Nordstjernan for providing the protections afforded to its clients nor for giving advice in relation to the Share Sale or any other matter referred to herein.
This press release does not constitute a recommendation for any investors' decisions regarding the Share Sale. Each investor or potential investor should conduct an independent examination, analysis and evaluation of the business and information described in this press release and any publicly available information.
Failure to follow these instructions may result in a breach of the Securities Act or applicable laws in other jurisdictions.