PAXMAN AB (publ) (“PAXMAN” or the “Company”) announces that the Company’s shareholder Björn Littorin has sold 300,000 shares in the Company. The acquiror has agreed to not divest any of the acquired shares, subject to customary exceptions, for a period of 180 days from 21 December 2021[1].
Following the transaction, Björn Littorin owns 465,076 shares in the Company and has agreed to not divest any additional shares, subject to customary exceptions, for period of 180 days from 21 December 2021[1].
[1] In connection with the directed share issue carried out by Paxman in 16 December 2021, Björn Littorin entered into a lock-up undertaking of 180 days from the settlement date on future divestments of shares in the Company, subject to certain conditions. The acquiror of Björn Littorin’s shares has overtaken Björn Littorin’s lock-up undertaking with regards to the acquired shares.
