ITAB Shop Concept

As announced on 25 September 2024, ITAB had previously granted a binding put option to the shareholders of HMY by which ITAB agreed to acquire 100 per cent of the shares in HMY for a cash consideration of EUR 320 million (approximately SEK 3,613 million[1]) on a cash and debt free basis at the option of the shareholders of HMY. Following completion of the information and consultation procedure with the employee representative body of HMY, the put option has now been exercised and the parties have entered into a final and definitive share purchase agreement.

The acquisition is expected to close by the beginning of the first quarter of 2025, subject to approval by the relevant competition authorities and other customary closing conditions. The purchase price will be paid in connection with the closing of the transaction.

Jönköping, 5 December 2024

ITAB Shop Concept AB (publ)

The information was submitted for publication, through the agency of the contact persons set out below, at 2:30 p.m. CET on 5 December 2024.

For further information, please contact:

Andréas Elgaard, President & CEO, ITAB Group
Telephone: +46-73 232 16 35

Ulrika Bergmo Sköld, CFO, ITAB Group
Telephone: +46-73 230 05 98

ITAB Shop Concept AB (publ), Box 9054, SE-550 09 Jönköping, Sweden
itab.com, itabgroup.com

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 [1] EUR/SEK FX rate of 11.290 as of 24 September 2024.