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EPTI AB: EPTI continues to execute according to communicated strategy – divested shares for SEK 15 million during the fourth quarter

EQS-News: EPTI AB / Key word(s): Disposal
EPTI AB: EPTI continues to execute according to communicated strategy – divested shares for SEK 15 million during the fourth quarter
13.01.2023 / 16:41 CET/CEST
The issuer is solely responsible for the content of this announcement.

EPTI AB (publ) (“EPTI” or the “Company”) has today entered into an agreement to divest all of the Company's shares in Hubbster Group AB (“Hubbster”). The purchase price amounts to approximately SEK 3 million. During the fourth quarter, EPTI also sold approximately 30 percent of the shares in MOBLRN – Mobilized Learning AB ("Moblrn") for a purchase price of approximately SEK 2.4 million.

Divestment of all shares in Hubbster
EPTI divests 1,530,541 shares in Hubbster, which corresponds to approximately 8.6 percent of the total number of shares in Hubbster, for a purchase price of SEK 2,992,207. The transaction is carried out at a premium of approximately 22 percent compared to the closing price on December 29, 2022. The shares have been sold to Taptum Finance AB, which is a major shareholder in Hubbster.

"Hubbster was one of the first of our holdings and has been in the Company's portfolio since 2018 and we are happy about the time as owners and will continue to contribute expertise in software development. This transaction is another step in streamlining the business with a focus on growing and acquiring profitable companies within our Service segment. In parallel, we are divesting certain companies within the Invest segment to achieve a more concentrated portfolio that we support with capital and deep operational support." says Arli Mujkic, CEO and founder of EPTI.

Partial divestment of the shares in Moblrn
During the fourth quarter of this year, EPTI divested shares of approximately 30 percent of the shares in Moblrn for a purchase price of SEK 2,382,212. The buyers of the shares are senior executives. After the divestment, EPTI holds 709,521 shares, which corresponds to approximately 27 percent of Moblrn.

In total, during the fourth quarter, EPTI sold shares in the portfolio companies Hubbster, Moblrn and Invajo AB for a total of approximately SEK 15 million.

For further information, please contact:
Arli Mujkic, CEO, EPTI AB
E-mail: arli@epti.com
Phone: +49 176 626 999 64

Adam Bäckström, CFO, EPTI AB
E-mail: adam@epti.com
Phone: +46 73 026 68 26

About EPTI
EPTI invests capital and operational support for companies, entrepreneurs and founders to build market-leading innovative companies under the motto “We Empower Innovation”. As a tech company builder, this is done by adding state-of-the-art technology, sales and marketing, design, HR, admin and recruitment in addition to capital. EPTI also starts companies and joint ventures with driven co-founders and companies. The companies in EPTI’s portfolio are in the segments Gaming, Fintech, Marketplace, SaaS and Services. Since its inception in 2017, a portfolio of more than 20 companies has been built up. The core business includes approximately 200 employees in eight countries around Europe. EPTI is more than an investment company, it is partly an investment company and partly a service company. A venture builder for founders, by founders.

For more information, see EPTI’s website www.epti.com

The Company’s Certified Adviser is Eminova Fondkommission AB | +46 (0)8-684 211 00 | info@eminova.se


13.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:

English

Company:

EPTI AB

Linnegatan 87A

11523 Stockholm

Sweden

Phone:

+46 730266826

E-mail:

adam@epti.com

Internet:

https://epti.com/

ISIN:

SE0013774668

WKN:

A2P4CT

Listed:

Regulated Unofficial Market in Frankfurt, Stuttgart; Stockholm

EQS News ID:

1535207


 

End of News

EQS News Service

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