Following the transaction, SBB’s holding in JM, directly and through derivatives, amounts to approximately 1.9 million shares, corresponding to approximately 2.9 percent of the shares and votes in JM.

Ilija Batljan, CEO and Founder of SBB: ”The sale enables a focus on the company's core business and a further strengthening of SBB’s financial position.”

SBB has undertaken not to sell any additional shares in JM during a period of 90 days with certain customary exceptions.

The price for the shares have been negotiated at arms-length with investors and is considered by SBB, after discussing with SEB, to be at market.

SBB intends to use the net proceeds from the transaction to strengthen the company’s liquidity and financial position.

Skandinaviska Enskilda Banken AB acted as Sole Global Coordinator and Bookrunner in the share sale and Advokatfirman Vinge acted as legal advisor.