The combination between CDON and Fyndiq has been completed

As previously announced on 16 February 2023, CDON entered into a combination agreement with a majority of the shareholders of Fyndiq, to combine CDON and Fyndiq's businesses. Information regarding transaction rationale and financial impacts can be found in the press release regarding the combination of CDON and Fyndiq available at https://investors.cdon.com/en/investor-relations/press-releases/cdon-and-fyndiq-combine-forces-to-create-the-leading-nordic--102081. The combination was completed today by way of CDON acquiring the shares in Fyndiq from the shareholders in Fyndiq.

Consideration
The consideration for the acquired shares in Fyndiq has according to the combination agreement consisted of 4,101,892 newly issued ordinary shares in CDON and 241,543 newly issued class C shares in CDON, corresponding to an ownership share for the Fyndiq sellers of 40.3 percent of the shares and 39.0 percent of the votes in CDON. The new CEO and certain other new key employees have for a portion of their consideration received SEK 7,122,575 in cash.

New Board and management in CDON
In accordance with the resolution by the Extraordinary General Meeting on 28 March 2023, the changes regarding the composition of CDON's Board of Directors ("the Board") have now become effective as a result of the completion of the combination. CDON's new Board as of today, until the end of the next Annual General Meeting (the "AGM"), consists of Josephine Salenstedt (Chair), Brad Hathaway, Christoffer Norman, Erik Segerborg and Jonathan Sundqvist. As announced by CDON on 4 April 2023, the Nomination Committee proposed that the new Board is re-elected at CDON's AGM on 9 May 2023, that Christoffer Norman is elected as new Chair of the Board and Erik Segerborg as new Deputy Chair of the Board.

The new Board has today at its statutory meeting resolved to appoint Fredrik Norberg as CDON's new CEO, and Thomas Pehrsson as CDON's Deputy CEO.