SpectrumOne

SpectrumOne AB ("SpectrumOne") has today agreed to sell 115,000,000 shares in Eniro Group AB ("Eniro") at a price of 0.90 SEK per share to industrial partner Azerion Group N.V. ("Azerion"). Simultaneously, B.O. Intressenter AB, the other main owner of Eniro, is selling 75,000,000 of its shares to Azerion. Both SpectrumOne and B.O. Intressenter AB will retain their remaining shareholdings in Eniro amounting to 86,862,265 and 83,219,766 shares, respectively.

Azerion is a company founded in 2014 and publicly traded and is active within Europe's digital advertising and entertainment industry. Functioning primarily as a digital media platform, the company facilitates connections between advertisers and a global audience through the application of its proprietary technological solutions. Azerion also manages a portfolio of owned content and maintains partnerships with digital publishers. Headquartered in Amsterdam, with commercial teams in over 26 cities worldwide, Azerion provides advertising solutions to its clients and partners. The yearly revenue of Azerion exceeds € 500 million per year with an EBITDA amounting to € 71.4 million last year. Azerion became a publicly traded company listed on Euronext Amsterdam in February 2022 and has today a market cap exceeding € 200 million.

The total purchase of SEK 103,500,000 for the 115,000,000 Eniro shares will be paid as follows; SEK 28,500,021 in cash and SEK 34,999,979 in shares in Azerion at a conversion rate of $ 2.75 per share on Closing Date 1 and the remaining SEK 40,000,000 on Closing Date 2. The transfer of Eniro shares to Azerion will be made pro rata in accordance with the payments on the respective closing dates. Closing Date 1 is expected to take place on May 15, 20024, and Closing Date 2 six (6) months thereafter.  The Azerion shares are subject to a lock up clause for a period of 12 months. 

"There is great competence in Azerion, and the market for its services is growing strongly throughout Europe. It is natural that SpectrumOne is now making a partial sale to an industrial partner like Azerion. We are very happy to retain a significant amount of Eniro shares and are convinced that Azerion is uniquely positioned to help in Eniro's next growth phase. In addition, this transaction diversifies our investment portfolio and gives us muscles to invest in new ventures ", comments Fredric Forsman, chairman of the Board.

"Eniro is on the right track transforming into a technology and product driven company helping small and medium business owners with getting market' attention in an ever faster changing environment. We have been impressed by Eniro's progress lately and are excited to work with the board and management and look forward to supporting Eniro going forward."", says W.P. de Pundert, Chairman of the supervisory board of Azerion Group N.V.

For further information contact:
Fredric Forsman
Chairman
+46 739 78 78 44
fredric@spectrumone.com

Certified Adviser:
Aktieinvest FK AB (556072-2596)
Box 7415 103 91 Stockholm
Telefon: +46 8 506 517 03
ca@aktieinvest.se
www.aktieinvest.se

SpectrumOne AB (publ) is obligated to publish this information under the EU Market Abuse Regulation. The information was provided by the above contact person's auspices, for publication on April 26, 2024 at 7.45 pm CET.

About SpectrumOne AB

SpectrumOne is a leading technology company delivering an advanced Data Management, Analytics & Communications platform suite. Offered in a SaaS online service shipping with rich market data from various professional providers, SpectrumOne provides a unique solution to many leading actors across industry segments in various countries. Enabling clients with fast and easy access to data insight and visualization coupled with powerful search, segmentation, and mapping features. SpectrumOne allows data to be quickly enabled and operationalized, driving activities from customer communication to data science supporting business analysis, strategy, and growth. All of which can be enabled the same day with immediate results. SpectrumOnes headquarter is based in Stockholm, Sweden, responsible for Nordic sales and strategy, with additional sales and business development located in Norway, Finland and Belgium.  SpectrumOne is listed on Nasdaq First North Growth Market in Stockholm.

www.spectrumone.com