Members of Management Team have sold shares held by them in Musti Group plc after the expiration of their lock-up
Musti Group plc Press Release 12 February 2021 at 19.40
Members of Management Team have sold shares held by them in Musti Group plc after the expiration of their lock-up
In connection with the Initial Public Offering of Musti Group plc, members of the Board of Directors and the Management Team of the company entered into a lock-up agreement according to which they committed, during a period that would end 360 days from the Initial Public Offering, not to dispose of shares in the company held by them. Information on the lock-ups has been presented in the company’s listing prospectus published on 3 February 2020.
After the expiration of the lock-ups, the Management Team members have sold shares in Musti Group.
After the disclosed transactions, the members of Management Team hold shares in the company as follows:
David Rönnberg (Chief Executive Officer): shares sold: 86,774, holding after sell: 900,000 shares (2.68 % of the total amount of shares in the Company)
Robert Berglund (Chief Financial Officer): shares sold: 85,000, holding after sell: 133,450 shares (0.40 % of the total amount of shares in the Company)
Sami Tanner (Head of Strategy): shares sold: 6,234, holding after sell: 6 234 shares (0.02 % of the total amount of shares in the Company)
Timo Tervo (Country Director, Finland): holding: 401 shares (0.00 % of the total amount of shares in the Company)
Daniel Petterson (Country Director, Sweden): holding: 37 491 shares (0,11 % of the total amount of shares in the Company)
Erik Ringen Skjærstad (Country Director, Norway): shares sold: 2,175, holding after sell: 22,383 shares (0,07 % of the total amount of shares in the Company)
Ellinor Persdotter Nilsson (Chief Commercial Officer): shares sold: 5,586, holding after sell: 20,003 shares (0,05% of the total amount of shares in the Company)
Nanna Martin-Löf (Head of Human Resources): shares sold: 644, holding after sell: 7,500 shares (0,02 % of the total amount of shares in the Company)
Malin Nygren (Chief Customer Officer): holding: 0 shares (0,00 % of the total amount of shares in the Company)
Tobias Nilsson (Chief Supply Officer): holding: 4,000 shares (0.01 % of the total amount of shares in the Company)
Additional information
Robert Berglund
CFO
tel. +358 50 534 8657
Distribution:
Main media
www.mustigroup.com
Musti Group in brief
Musti Group makes the life of pets and their owners easier, safer and more fun. We are the leading Nordic pet care company and we operate an omnichannel business model to cater for the needs of pets and their owners across Finland, Sweden and Norway. We offer a wide, curated assortment of pet products. We also provide pet care services such as grooming, training and veterinary services in selected locations.
Musti Group’s net sales were EUR 284 million in the financial year 2020. At the end of the financial year 2020, the company had 1,162 employees, over one million loyal customers and 293 stores.
