Kurs & Likviditet
Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Tjänster |
| Industri | Allmänna tjänster |
2023-08-15 17:39:07
15 August 2023: Hanover Active Equity Fund III SCA SICAV RAIF (and its wholly
owned subsidiary Lola Bidco AS) advised by Hanover Investors Management LLP
("Hanover" and together with all its subsidiaries, the "Hanover Group"), has on
11 August 2023 increased its ownership in Lumi Gruppen AS ("Lumi" or the
"Company") to a total of 28,016,004 shares. Consequently, the Hanover Group now
controls 50.7% of the total issued shares and votes in the Company.
Matthew Peacock, Founding Partner of Hanover Investors, remarked:
"We are delighted to reach our objective of achieving a majority holding in the
business and look forward to Lumi starting a programme of investment to ensure
the Company's exceptional track record of high-quality learning for all
Norwegians continues."
This information is subject to disclosure requirements in Section 4.3.1 of the
Euronext Growth Markets Rule Book Part I, Harmonised Rules.
The increased ownership of the Hanover Group in the Company represents a change
of control event under the Company's bank financing agreements. It has been
agreed with the lender that the Company shall pay a fee to the lender of 1.40%
of total commitments (amounting to approx. NOK 5,180,000) in exchange for a
change of control waiver regarding the current facilities.
Further, the Company is obliged to agree on new financing terms in such
agreements prior to 31 August 2023. The Company expects to announce any key
changes to the bank financing agreements' terms and margins prior to this date.
Should an agreement not be forthcoming, a non-compliance fee of 2.00% of total
commitments (amounting to approx. NOK 7,800,000) will be due and the terms of
the existing bank financing agreement will prevail.
For further queries, please contact:
Martin Prytz, CFO and Head of Investor Relations
E-mail: IR@lumigruppen.no
Mobile: +47 480 14 078
About Lumi | https://lumiinvestor.com/
Lumi Gruppen is a leading Norwegian education provider founded in 1989. Today,
Lumi Gruppen consists of two main divisions: Sonans and Oslo Nye Høyskole.
Sonans is the market leader in Norway within private candidate exam preparation
courses, and Oslo Nye Høyskole offers high quality bachelor's degrees within
health, social sciences, psychology and business and administration, both on
campus and online.