On June 27, 2024, Hoylu AB (the "Company") received observation status after the Company had disclosed a press release with information that a number of shareholders in the Company had decided to form a buyout consortium which would control more than 95 percent of the shares in the Company. The press release also stated that the buyout consortium intended to initiate a compulsory acquisition procedure to acquire the remaining shares in the Company and request that the Company applies for delisting of its shares from Nasdaq First North Growth Market. On July 17, 2024, the Company issued a press release with information that the Company had resolved to submit an application for delisting of its shares from Nasdaq First North Growth Market. Nasdaq Stockholm AB has also received such an application from the Company. The rules of First North Growth Market state that an issuer may be given observation status if the issuer has applied to have the shares removed from trading. With reference to the above, Nasdaq Stockholm AB decides to update the observation status for the shares in Hoylu AB (HOYLU, ISIN code SE0020677854, order book ID 133092). For further information about this exchange notice please contact Enforcement & Investigations, telephone +46 8 405 70 50. Nasdaq Stockholm AB
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