Principal shareholders issue call options to Board members in Storytel

Storytel AB (publ) has been informed that its principal shareholders Roxette Photo NV. (Jonas Sjögren), EQT Public Value Investments S.à r.l., Jehangir AB (Rustan Panday), Annamaria Tellander and Storytel´s CEO Jonas Tellander have issued call options to acquire shares in Storytel to Chairman of the Board Stefan Blom (465,000 call options), board member Malin Holmberg (10,000 call options) and board member Helen Fasth Gillstedt (10,000 call options). In addition, Stefan Blom has also acquired 57,652 B shares in Storytel, equal to an investment of c. SEK 11m.

Each call option has been issued at SEK 30 which corresponds to a market value calculated by use of Black & Scholes’ valuation model and entitles the holder to acquire one share in Storytel at a price of SEK 358 up to Sep 2025. There is no dilution for other shareholders in Storytel or costs involved for Storytel.

As of today the issuers of the options own a total of 24.6 million shares in Storytel, equivalent of 36.0 percent of the shares and votes.

FNCA Sweden AB is the company’s certified adviser. FNCA can be reached at info@fnca.se or +46 8 528 00 399.

For more information, please contact:

Sofie Zettergren, Chief Financial Officer (CFO), Storytel

Tel: +46 70 509 98 08

Email: Sofie@storytel.com

Dan Panas, Head Global Communications & PR, Storytel

Tel: +46 70 186 52 90

Email: dan.panas@storytel.com

 

This information is such that Storytel 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 above contact person, at the time stated in this press release, by Cision.

About Storytel

Storytel is one of the world’s largest subscribed audiobook and e-book streaming services and offers listening and reading of more than 700,000 titles on a global scale. Our vision is to make the world a more empathetic and creative place with great stories to be shared and enjoyed by anyone, anywhere and anytime. Storytel’s streaming business is conducted under the brands Storytel and Mofibo. Storytel’s publishing business area is carried out through the audiobook publisher StorySide and acclaimed Nordic publishing houses such as Norstedts Förlagsgrupp, People’s and Gummerus. Storytel operates in 25 markets around the globe and is headquartered in Stockholm, Sweden.