Contemplated divestment of part of the Lakers Group and redemption of the outstanding bonds

03 Apr 2023 18:00 CEST

Vestum AB (publ) ("Vestum"), a publicly traded company at Nasdaq Stockholm and
indirect shareholder of Lakers Group AB (publ) (the "Issuer" or the "Company"),
today announced that it has entered into an agreement with the Nordic private
equity firm, Equip Capital, to divest a portfolio of 20 Swedish, Norwegian,
Finnish, Danish and German companies from the Lakers Group.
The purchase price amounts to SEK 326.5 million and will be paid in cash. In
addition, the outstanding amount of NOK 950 million under the Lakers Group AB
(publ) FRN Senior Secured Sustainability-Linked bonds 2021/2025 with ISIN
NO0011017113 is contemplated to be redeemed by the Issuer as part of the
transaction. The intention is to present a call notice in connection with
closing of the transaction and redeem the bonds with funds from the purchase
price and bank debt from Vestum's existing banks.
Closing of the divestment and issuance of the call notice is expected to take
place in the second quarter of 2023, subject to customary closing conditions,
including competition law approval in Norway.
Please confer the press release made public by Vestum
(www.vestum.se/en/ir/press-releases/) for further details on the transaction.
This release is considered to contain inside information related to the listed
securities of the Company pursuant to the EU Market Abuse Regulation (MAR) and
is subject to the disclosure requirements pursuant to MAR and Section 5-12 the
Norwegian Securities Trading Act. The announcement is made public by Head of
Finance, Håvard Watten, on the date and time stated above.
For any questions please contact:
Head of finance, Håvard Watten, +47 980 85 993, havard.watten@vestum.se

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