Hoi Publishing AB (NGM:HOI B) signed an agreement to acquire EkstrÖM & Garay Ab from Cqa Ab for SEK 3.4 million on January 23, 2024. The purchase price is partly paid with SEK 0.5 million in cash and through 4 million B shares in the Hoi Publishing AB (NGM:HOI B) which are proposed to be issued to the seller CQA AB through a directed new issue, which is ultimately decided by the shareholders at an extraordinary general meeting that will be announced separately. The additional purchase price is to be paid on the last March of the year following the fiscal year in which all Swedish companies in the Hoi Group collectively show a positive result for the first time, but no earlier than March 31, 2027.

The payment will then take place partly with SEK 0.5 million in cash and partly through 1 million B shares in the Company which are proposed to be issued to the sellers through a directed new issue. Cqa Ab also the subscriber in the set-off issue, has, with customary exceptions, undertaken not to sell, or in any other way transfer, the shares issued in the set-off issue during a period of 24 months from 1 March 2024.The deal's financing has been secured through loans of at least SEK 2.0 million, including refinancing of older existing loans. The loan financing will at least be matched through a planned rights issue, to be presented later, which further strengthens the Company's financial position.

EkstrÖM & Garay for the year 2023 has turnover of approximately SEK 15 million with a loss of approximately SEK 0.25 million. The completion of the acquisition is subject to approval of Hoi shareholders at an extraordinary general meeting. The transaction is expected to be completed on March 1, 2024.