Reato

The extraordinary general meeting of First Hotels AB (publ) (the “Company”) was held on Tuesday 26 November 2024. Full information and documents relating to the meeting's resolutions are available on the Company's website, https://www.firsthotelsab.com/en-us/. The decision passed by the general meeting is in accordance with the proposal presented in the notice.

Approval of transfer to related parties of all shares in First Hotels International AS

The general meeting resolved, in accordance with shareholders' proposal, to approve the transfer to related parties of all shares in First Hotels International AS.

The approval relates to the sale of all the Company's shares in its subsidiary First Hotels International AS to a bid consortium consisting of Seljeli Invest AS, Gate Group AB and Daimyo AS. The Company's board member Johan Gate is the owner of Gate Group AB and the Company's board member Torje Gabrielsen is a partner in Seljeli Invest AS. Due to the fact that Johan Gate and Torje Gabrielsen are indirectly included in the bid consortium, the transfer was treated as a related party transaction pursuant to Chapter 16 and Chapter 16 a of the Swedish Companies Act.