Certain Ordinary Shares of Desenio Group AB are subject to a Lock-Up Agreement Ending on 25-FEB-2023.
February 25, 2023
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Certain Ordinary Shares of Desenio Group AB (publ) are subject to a Lock-Up Agreement Ending on 25-FEB-2023. These Ordinary Shares will be under lockup for 730 days starting from 25-FEB-2021 to 25-FEB-2023.
Details:
Major shareholders, board members and senior executives have committed not to sell or execute other transactions with a similar effect as a sale within a period of 12 months from the first dat of trading on Nasdaq First North Growth Market, without, in each individual case, first having obtained written consent from ABG Sundal Collier AB and Carnegie Investment Bank AB (publ).
Fredik Palm has committed not to sell or execute other transactions with a similar effect as a sale within a period of 24 months from the first dat of trading on Nasdaq First North Growth Market.
Desenio Group AB (publ) is a Sweden-based e-commerce company that is engaged in online sales of affordable wall art. The Companyâs offering consists of art prints of around 9,000 designs majority of which is proprietary to Desenio, Frames that are offered in various wooden and metal finishes in matching sizes to the posters, as well as other accessories including products such as mat boards, picture ledges, art clips, and other printed products, e.g., phone covers. The Company differentiates its two brands, Desenio and Poster Store. Desenio Group is primarily presented in Europe, with its core markets in Germany, United Kingdom, the Nordics, France and the Netherlands, and a growing presence in the USA and to some extent in Asia.