Acenta Group decides on equalisation issue prior to reverse share split

The Extraordinary General Meeting of Acenta Group AB ("Acenta Group" or the "Company") resolved on 10 January 2025 to carry out a 1:1 250 reverse share split. As part of this process, the Board of Directors of Acenta Group has decided, based on the authorisation from the Extraordinary General Meeting on 10 January 2025, on an equalization issue of 9,999,392 shares. The subscription price amounts to SEK 0,0005 per share corresponding to the share's quota value.

The purpose of the share issue and the basis for the subscription price is to achieve a number of shares in the Company that is evenly divisible by 1,250 in order to enable the reverse split and to be able to allocate shares to those shareholders whose number of shares is not evenly divisible by 1,250.

Through the share issue, the Company's share capital will increase by SEK 4,999.696 to SEK 2,510,650.625 and the number of shares will increase by 9,999,392 shares to 5,021,301,250 shares.

Further information on the reverse share split, including the timetable, will be published shortly.

For further information, please contact:
Håkan Tollefsen, CEO
Email: [email protected]
Telephone: +47 99050011

This document is a translation of the original Swedish press release. In case of any discrepancies, the Swedish version shall prevail.

About Acenta Group AB
Acenta Group is an international full-service player in the padel industry. An important part of the business includes the construction and customisation of padel courts together with ongoing service agreements that provide a stable revenue base. The business is complemented by the sale and distribution of products under the Peliga brand (www.peliga.com) in combination with the distribution and sale of complementary well-known brands. Distribution is mainly through the proprietary e-commerce platform Sport of Padel (www.sportofpadel.com). The company also organises the international competition series Acenta Padel Tour (www.acentapadeltour.com) which, together with Team Acenta, serves as a showcase for the products and services Acenta Group provides.

Acenta Group is listed on Nasdaq First North Growth Market and the share is traded under the ticker PADEL. Certified Adviser for Acenta Group is G&W Fondkommission.