N.B. This English text is an unofficial translation of the Swedish original notice to attend the extraordinary general meeting in Scandinavian Astor Group AB and in case of any discrepancies between the Swedish and the English translation, the Swedish text shall prevail. The shareholders of Scandinavian Astor Group AB, reg. no. 559353-9322 (the “Company”), are hereby invited to an extraordinary general meeting on 11 April 2025, at 10:00 am at Eversheds Sutherland Advokatbyrå’s premises at Sveavägen 20 in Stockholm. Registration will commence at 09:45 am. NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD REQUIRE ADDITIONAL PROSPECTUSES, REGISTRATION OR OTHER MEASURES BEYOND THOSE REQUIRED UNDER SWEDISH LAW, IS PROHIBITED, OR OTHERWISE WOULD CONTRAVENE APPLICABLE REGULATIONS IN SUCH JURISDICTION OR CANNOT BE MADE WITHOUT THE APPLICATION OF AN EXEMPTION FROM SUCH MEASURES. FOR FURTHER INFORMATION, PLEASE REFER TO THE SECTION “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE. The Board of Directors of Scandinavian Astor Group AB (publ) (“Astor Group” or the “Company”) has, in accordance with the intention announced by the Company in a press release earlier today, and subject to subsequent approval by an extraordinary general meeting, resolved on a directed share issue of 6,521,739 shares, with deviation from the shareholders’ preferential rights, at a subscription price of 23.0 SEK per share (the “Directed Share Issue”). The subscription price for the shares in the Directed Share Issue has been determined through an accelerated bookbuilding procedure carried out by Pareto Securities AB (the “Manager”). Through the Directed Share Issue, Astor Group will raise SEK 150 million before transaction costs related to the Directed Share Issue. A number of Swedish and international institutional investors participated in the Directed Share Issue, including both new and existing shareholders and members of the Company’s Board of Directors and management. NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD REQUIRE ADDITIONAL PROSPECTUSES, REGISTRATION OR OTHER MEASURES BEYOND THOSE REQUIRED UNDER SWEDISH LAW, IS PROHIBITED, OR OTHERWISE WOULD CONTRAVENE APPLICABLE REGULATIONS IN SUCH JURISDICTION OR CANNOT BE MADE WITHOUT THE APPLICATION OF AN EXEMPTION FROM SUCH MEASURES. FOR FURTHER INFORMATION, PLEASE REFER TO THE SECTION “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE. Scandinavian Astor Group AB (publ) (“Astor Group” or the “Company”) intends to carry out a directed share issue of approximately SEK 125 million to Swedish and international institutional and other qualified investors through an accelerated bookbuilding procedure (the “Directed Share Issue”). Astor Group has in recent years demonstrated strong growth, driven by a combination of organic expansion and strategic acquisitions. The Company continues to see good opportunities for growth and currently has a pipeline of several acquisition candidates in a more advanced stage. These companies have a combined turnover of over SEK 500 million and an estimated EBITDA of over SEK 60 million. The Directed Share Issue is carried out to enable the Company to act quickly and competitively and finance potential future acquisitions and enable investments in production capacity. Considering the strong operational performance of Scandinavian Astor Group (‘Astor Group’ or the ‘Company’) and the strategic acquisition opportunities identified in the market, the Company has decided to update its financial targets. As part of the next phase of the growth trajectory, Astor Group is now targeting sales of SEK 2,500 million and an EBITDA margin of at least 15 per cent for the full year 2028. Ahead of the Annual General Meeting of Scandinavian Astor Group AB (publ) (‘Astor Group’ or the ‘Company’), the Nomination Committee hereby announces its proposal regarding the Chairman of the Board and other members of the Board. Scandinavian Astor Group AB (publ) (`Astor Group’ or the `Company’) announced today that the Company and its subsidiary Oscilion System AB have entered into an investment and licence agreement of SEK 15 million in the underwater technology company Dolprop Industries (‘Dolprop’). The investment will be made with existing cash in Astor Group and is part of Astor Group’s strategy to strengthen its position in the defence and security sector. The licence rights will be placed in Astor Group’s subsidiary Oscilion System AB, which will change its name to Oscilion Naval Systems AB (‘Oscilion Naval Systems’) in connection with the transaction. Scandinavian Astor Group AB’s (publ) (‘Astor Group’ or the ‘Company’) subsidiary Scandiflash has today received an order of approximately SEK 28.2 million to an unnamed Western NATO country. The order is for several Scandiflash systems and is an additional order to the one received by the subsidiary in October 2024. The order will be delivered in several stages during the second half of 2025. Scandinavian Astor Group AB (publ) (‘Astor Group’ or ‘the Company’) is strengthening its focus on automation through new investments in machinery for its subsidiaries Marstrom Composite and Mikroponent. Scandinavian Astor Group AB (publ) (‘Astor Group’ or ‘the Company’) is reinforcing its commitment to protection and security by establishing a new business area, Astor Protect. This division will focus on delivering advanced security and survival solutions for critical environments, offering products and services in personal protective equipment, rescue equipment, and tactical security systems for both public and private sectors. As part of this initiative, Airsafe Sweden, previously under the Astor Tech business area, will be transferred to Astor Protect to further strengthen the Group’s focus on security. The Company also intends to complement the business area with additional acquisitions over time. In parallel, Gabor Nagy, Brigadier General (ret.), has been recruited as Business Area Manager. These changes will take effect from April 1, 2025. Scandinavian Astor Group AB (publ) (‘Astor Group’ or ‘the Company’) has today received a first small order through its newly established German subsidiary, Astor Group Deutschland GmbH. The order, which relates to service parts for a system previously delivered by the Group’s subsidiary Scandiflash, is of minor financial significance but marks a milestone for the Company’s establishment in Germany.
NOTICE OF EXTRAORDINARY GENERAL MEETING IN SCANDINAVIAN ASTOR GROUP AB
Regulatory pressrelease
Scandinavian Astor Group AB (publ) has completed a directed share issue of SEK 150 million
Regulatory pressrelease
Scandinavian Astor Group AB (publ) intends to carry out a directed share issue of approximately SEK 125 million
Regulatory pressrelease
Scandinavian Astor Group presents new financial targets – aims for SEK 2.5bn in turnover by 2028
Regulatory pressrelease
The Nomination Committee’s proposal for the Board of Directors of Scandinavian Astor Group
Regulatory pressrelease
Scandinavian Astor Group focuses on stealth technology for military purposes – enters into an investment agreement in Dolprop Industries
Regulatory pressrelease
Astor Group: Scandiflash receives additional order of approximately 28.2 MSEK
Regulatory pressrelease
Scandinavian Astor Group accelerates investments in increased production capacity
Regulatory pressrelease
Scandinavian Astor Group establishes the business area Astor Protect – recruits Brigadier General (ret.) as Business Area Manager
Regulatory pressrelease
First order through Astor Group Deutschland
Regulatory pressrelease
