Majority owners in Hoylu have agreed to acquire over 95 per cent of the shares in Hoylu and intends to initiate squeeze-out proceedings
26 Junio 2024 - 11:35AM
Majority owners in Hoylu have agreed to acquire over 95 per cent of
the shares in Hoylu and intends to initiate squeeze-out proceedings
Hoylu AB (publ) (”Hoylu” or the
”Company”) has today been informed that a number
of shareholders in the Company, including board members and the
Company’s CEO, have decided to consolidate their ownership in the
Company into a jointly owned company by transferring their shares
in the Company to NFH 240438 AS, to be renamed Hoylu Group AS (the
“Holding Company”), a newly formed company which
today is wholly owned by Alden AS, a company controlled by Edvin
Austbø, in exchange for shares in the Holding Company.
The Holding Company will, following the
acquisitions hold more than 95 per cent of the total number of
shares and votes in the Company.
As soon as all transactions have been settled,
the Holding Company has informed that it intends to initiate
squeeze-out proceedings in respect of the remaining shares and
request that Hoylu applies for delisting of the Company’s shares
from Nasdaq First North Growth Market.
This information is information that Hoylu AB
(publ) is obliged to disclose pursuant to the EU Market Abuse
Regulation. The information was submitted for publication, through
the agency of the contact person below, on 26th of June 2024
at 18:35 CEST.
For more information, please contact:
Truls Baklid, CEO Hoylu + 47 924 38 900 Email:
tob@hoylu.com
Kjartan Berge Steinshamn, CFO Hoylu + 47 481 27 673
Email: kbs@hoylu.com
About Hoylu
Hoylu’s visual collaboration technology empowers
distributed teams to translate ideas into actions. Large
enterprises as well as small and medium companies rely on Hoylu to
run projects, programs, and initiatives across time zones and
continents as seamlessly as when working in the same room.
For more information: www.hoylu.com.
Ticker symbol: Hoylu
Marketplace: Nasdaq First North Growth Market
Stockholm
Certified Adviser: Mangold Fondkommission AB +46
(0) 8 50 301 550; ca@mangold.se