Press releases

Novedo Holding AB (publ) (”Novedo” or “the Company”) has successfully completed bookbuilding of four-year second-lien secured convertible bonds (the “Convertible Bonds” or the “Convertible Bond Issue”) in a total nominal amount of SEK 550 million including undertakings by entrepreneurs to convert earnouts, vendor notes and reinvestments amounting to SEK 164 million into the Convertible Bonds as they fall due[1]. Excluding future reinvestment commitments by entrepreneurs of SEK 122 million, the initial issue volume amounts to SEK 428 million. The controlling majority owner will convert its shareholder loan of SEK 123 million into Convertible Bonds in the Convertible Bond Issue.

Second quarter (April–June 2024)

Novedo Holding AB (publ) ("Novedo" or the "Company") has today adopted updated financial targets to reflect Novedo's growth and profitability targets for the period 2024–2028. The Board of Directors has the ambition to reduce Novedo's debt during this period, but the existing debt target remains for now.

Novedo Holding AB (publ) has decided to bring forward the publication of the interim report for the second quarter of 2024 to August 19, 2024, because the report has been completed earlier than expected. The previous date for publication of the report was set for August 22, 2024.

Novedo Holding AB (publ) ("Novedo") has appointed Jonas Söderkvist today as the new CFO and member of the Group Management. Jonas will take on his role in the third quarter of 2024 and replace Lars Kvarnsund, interim CFO since December 2023.

Annual General Meeting of Novedo Holding AB (publ), Corp. ID No. 559334–4202 was held today, May 16, 2024, in Stockholm. All resolutions, except for remuneration to the Board of Directors, were in accordance with the proposals submitted in advance by the Nomination Committee and the Board of Directors. At the meeting, 80.7 percent of the company's shares and votes were represented.

The AGM passed the following resolutions in brief:

Adoption of income statements and balance sheets
The AGM adopted the income statements and balance sheets for the Parent Company
and the Group for the financial year 2023.

First quarter (January–March 2024)

Novedo Holding AB (publ) today publishes the Group's Annual and Sustainability Report for 2023.

Fourth quarter (October–December 2023)

Novedo Holding AB's (publ) subsidiary Ventilationskontroll Aeolus Aktiebolag has today signed an agreement to acquire the company OVKservice Syd AB, which is a well-established company primarily in ventilation inspection and ventilation services, based in southern Sweden. The company has a stable and recurring customer base with annual sales of approximately SEK 10 million for 2023. Closing is expected to take place on February 1, 2024.