Fram Skandinavien AB enters into an agreement to merge and, NAV increases by approx. 3.1 SEK per share

Fram Skandinavien AB (publ) announces that the company has today signed an agreement on the merger of and its industry colleague, Both companies provide and operate digital marketplaces for weddings and other types of events, as well as related services and products in Vietnam. The merged holding company will operate under the name Liven Technology Pte Ltd and be registered in Singapore.

In direct connection with the merger, Liven Technology will close a bridge financing round by issuing new shares to a value of approx. 1.5 MSEK. The bridge financing takes place at a valuation of the merged company of approx. 32 MSEK post-money. Until Scandinavia will invest approximately SEK 750,000 in the bridge financing and VDES existing shareholders will invest the remaining SEK 750,000. Following the merger and bridge financing, Fram Skandinavien will own approx. 35% of Liven Technology (fully diluted basis). This implies a value of approx. SEK 11.2 million for Fram Scandinavias shareholders, corresponding to an increased net asset value (NAV) of approx. +3.1 SEK per FRAMB share (ie approx. + 9% compared with the closing price on 14th of June 2022).

"We have been communicating for some time that we have not seen that the value of a handful of our holdings - Nordic Coder, Wowmelo and - could be fully realized in current constellations. As a result, we have for some time been working and focusing on developing new value-creating ownership constellations for these holdings. We are now pleased to be able to present the results of this work in the form of todays merger with VDES. We are now teaming up with a leading industry colleague with a strong local management team - we see great potential in together building a clearly leading Vietnamese player in digital marketplaces for weddings and events.", says Christopher Beselin.

This information is such that Fram Skandinavien AB (publ) is obliged to disclose in accordance with the EU Market Abuse Regulation (EU nr 596/2014). The information was provided, through the agency of the below contact person, at the time stated in this press release, by Bequoted.

For further information, please contact

Christopher Beselin, board member & acting CEO

Phone: + 84-34-71273 14

Email: [email protected]


Son Ngo, Finance Director

Phone: + 84-91-8157680

Email: [email protected]


Certified Adviser

Svensk Kapitalmarknadsgranskning AB (SKMG), +46 11 32 30 732, [email protected]

Briefly about Fram ^

Fram^ is a listed investment company focused on the digital consumer, blockchain and other tech in Southeast Asia. The management group and board of Fram^ have over 75 years of joint experience of company building and investments, primarily in emerging markets. The company managements collective experience from global and regional leaders such as Kinnevik, Cevian Capital, Boston Consulting Group, Rocket Internet, Ericsson, Lazada and Bima constitutes a multifaceted and necessary foundation for successfully investing in companies in emerging markets

Rättelse: Styrelseledamöterna Christopher Beselin och Philip Lindqvist ökar sina innehav i Fram Skandinavien

Rättelsen hänförs till felaktig referens till Marknadsmissbruksförordningen (MAR) som nu tagits bort i detta pressmeddelande.

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