Humble has paid the purchase price for the shares in the Private Companies with cash, existing shares in Humble owned by Humble's subsidiary Ewalco Holding AB and by the board of directors of Humble having resolved to issue and allot 5,275,975 shares in Humble to the sellers of the Private Companies.
All other conditions for the completion of the Transactions have been fulfilled and Humble has thereby acquired the shares in the Private Companies.
In connection with the Transactions, Humble's share capital will increase by SEK 1,160,714.50 to SEK 67,441,122.10 and the number of shares in Humble will increase from 301,274,580 to 306,550,555 shares. The cash portion of the Purchase Considerations has been financed with Humble's existing cash resources.
ADVISORS
Rämsell Advokatbyrå AB is acting as legal advisor to Humble in connection with the Transactions.
For further information, please contact:
Simon Petrén, CEO, Humble Group AB
E-mail: simon.petren@humblegroup.com
Phone: +468 61 32 888
The information in this press release has been published through the agency of the contact person set out above, at the time stated by Humble Group's news distributor Cision at the publication of this press release.
About Humble
Humble Group is a Swedish foodtech and FMCG group delivering the next generation of consumer products that are good for people and the planet. Humble focuses on the foodtech, eco, sustainability and vegan segments. The companies are growing through organic growth, acquisitions and leveraging synergies in the different business units: brands, distribution, manufacturing and ingredients. Humble's technologies, refined through scientific research and extensive market experience, facilitate new formulations and recipes that improve taste and texture for the next generation of sugar-reduced, sustainable and vegan products. For more information, visit www.humblegroup.com
Humble is listed on Nasdaq Stockholm, First North Growth Market, under the ticker HUMBLE
FNCA Sweden AB is Humble's certified adviser. Tel: 08-528 00 399 E-mail: info@fnca.se
