Stockwik Förvaltning AB (publ) (OM:STWK) signed an agreement to acquire Admit Ekonomi AB from Olof Nordberg for SEK 31.31 million on May 11, 2020. The acquisition is made on a debt-free basis. Under the terms the purchase price consists of a cash payment of SEK 10 million which is proposed to be financed with the subscription proceeds in the Rights Issue, a reversal of SEK 15 million with a five-year maturity and an annual interest rate of 10 percent to be paid quarterly and the Apportionment issue of SEK 5 million directed to the seller. In order to finance the cash portion of the purchase price and to cover issue and transaction costs, the Board of Stockwik proposes that the Extraordinary General Meeting resolves on a new issue of shares of approximately SEK 12.5 million with preferential rights for the Company's shareholders (the "Rights Issue"). The Board of Stockwik proposes that the Extraordinary General Meeting resolves on a new issue of a maximum of 135,135 shares to the seller of Admit to be issued as part (SEK 5 M) of the purchase price in the Transaction. The transaction is conditional on the Extraordinary General Meeting deciding to approve the transaction and to carry out the Apportionment Issue and the Rights Issue. Admits`s sales amounted to approximately SEK 30 million, with an operating profit (EBITDA) of just over SEK 5 million for the year 2019. The transaction is expected to be completed in early July 2020. Consensus Asset Management AB and Advokatfirman Cederquist KB acted as financial and legal advisor to Stockwik Förvaltning AB (publ).