Certain B Shares of Candles Scandinavia AB (publ) are subject to a Lock-Up Agreement Ending on 3-NOV-2022. These B Shares will be under lockup for 360 days starting from 8-NOV-2021 to 3-NOV-2022.

Details:
The Company's principal owners, the Board and senior executives of the company have, through lock-up agreements entered into in August 2021, with Carlsquare, undertaken that for 360 days from the first trading day of the Company's B shares on Nasdaq First North, with certain reservations, not without written consent from Carlsquare, sell some shares in the Company. Furthermore, subscribers to the pre-IPO issue carried out in July 2021 have undertaken to sell any shares in 180 days from the first trading day of the Company's B shares on the Nasdaq First North Growth Market, subject to certain conditions, not without the written consent of Carlsquare.