HUMBLE ACQUIRES NATY, A WORLD-LEADING FMCG-COMPANY AND BRAND WITHIN ENVIRONMENTALLY FRIENDLY DIAPERS AND PERSONAL CARE PRODUCTS

Humble Group AB (publ) (“Humble”) has signed a binding agreement with the owners of Naty AB (”Naty or ”the Company”) regarding the acquisition of all shares in the Company (”the Transaction”). The total purchase price amounts to a maximum of SEK 850 million and is comprised of a fixed remuneration of SEK 750 million (”the Purchase Price”) as well as earn-outs of up to SEK 100 million based on future margin improvements. Of the Purchase Price, SEK 600 million shall be paid out in cash with the remaining SEK 150 million to be paid out in shares, which will be issued at a price equal to VWAP based on the 14 days before signing of the agreement. Naty is a fast-growing group with a leading position within environmentally friendly personal care-products with a focus on sustainable diapers. The Company has historically had a strong underlying profitability and had total net revenues and EBITDA for financial year 2020 of SEK 278 million and SEK 44 million, respectively.

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