Information from the principal owners: Proposal for a new Chairman in Embellence Group AB

A number of the largest shareholders* (Major Shareholders) in Embellence Group AB have today informed the board of directors that they intend to propose a new Chairman of the board to be elected at an extraordinary general meeting as soon as practically possible. Invitation to this will be sent out shortly.

Magnus Welander will be proposed as new Chairman of the board. In connection with this publication, Magnus Welander has also entered into an agreement for the acquisition of 210,305 shares in the company. These shares are sold from the main owners pro rata to each owner's holdings. The principal owners also intend to propose a warrant program, the majority of which to the Chairman of the board, in connection with the 2024 annual general meeting.

*Cidro Förvaltning AB, JCE Asset Management AB, Ramhill AB, Henrik Nyqvist, Calyptra AB, Jerker Adeberg Holding AB, Sundling Wärn Capital AB, AB Sergius and Sergius Capital AB, corresponding to 50.5% of shares and votes in Embellence Group AB.

For more information, please contact:
Peter Lindell, largest owner in Embellence Group AB and Chairman of the nomination committee
Phone: +46 (0)70 849 66 59

About Embellence Group
Embellence Group, founded in 1905 in Borås, is a leading European company in the premium wallpaper segment and has a prominent position internationally with sales in over 90 countries. Our brands include Cole & Son, Wall&decò, Artscape, Pappelina, Boråstapeter and Tapetfabriken. Embellence Group shall develop its position as a leading House of Brands in premium interior decoration with a focus on wallpaper, textile, rugs and other interior decoration and drive development in a changing wallpaper and interior decoration market. Embellence Group is listed on Nasdaq First North Premier Growth Market. FNCA Sweden AB is appointed Certified Adviser.