Linas Matkasse Holding II AS, owned by Herkules Private Equity Fund, has sold all its remaining shares in LMK Group AB (publ)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN OR ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Linas Matkasse Holding II AS, owned by Herkules Private Equity Fund, (the “Selling Shareholder”) has sold 1,528,125 existing shares in LMK Group AB (publ) (the “Company” or “LMK”), corresponding to approximately 12.05 percent of the shares in the Company.

The Selling Shareholder has successfully sold 1,528,125 shares in the Company (the “Placing”), corresponding to approximately 12.05 percent of the total number of shares outstanding in the Company. The price in the Placing was SEK 7.50 per share and amounted to approximately SEK 11.5 million.

Gert Wilhelm Munthe, chairman of the Selling Shareholder, is a member of the board of directors in the Company. Mr. Munthe will not stand for re-election to LMK’s board of directors.

“It has been a pleasure to work with Walker Kinman and his team in their successful turnaround of the company.  Likewise, it has been rewarding to work with the professional Board who have been instrumental in the transformation. Herkules wishes LMK all the best for the future.”, says Mr. Munthe.

Following the Placing, the Selling Shareholder owns no shares in the Company.

Pareto Securities acted as broker in connection with the Placing.

Important information

This announcement is not an offer to sell, or solicitation of an offer to buy, any securities in the United States. The securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the Securities Act. There will not be a public offering of the shares in the United States.

This announcement is not an offer of securities or investments for sale or a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful. No action has been taken that would permit an offering of the securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

In member states of the European Economic Area ("EEA") (each, a "Relevant Member State"), this announcement and any offer if made subsequently is directed exclusively at persons who are "qualified investors" within the meaning of the Prospectus Regulation ("Qualified Investors"). For these purposes, the expression "Prospectus Regulation" means regulation (EU) 2017/1129.

This announcement is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). This communication must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

Neither Pareto Securities AB nor any of its respective affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.

This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities in the Company. Neither Pareto Securities AB nor any of its respective affiliates accepts any liability arising from the use of this announcement.