Readly International AB (publ) ("Readly" or the "Company") has today completed the acquisition of all shares in Arcy AB ("Arcy") as announced by Readly on 14 April 2025.
On 14 April 2025 Readly announced that the Company had entered into an agreement to acquire all 250 shares in Arcy from Tidnings AB Marieberg ("Bonnier News"). The completion of the acquisition was conditional upon the approval of the acquisition by the Company's annual general meeting. The Company's annual general meeting resolved earlier today, on 14 May 2025, to approve the acquisition. Readly has today paid the initial fixed purchase price of 339,032,355 SEK through the issuance of 22,294,688 new shares in the Company to Bonnier News and thereby the acquisition of Arcy has been completed.
Payment for subscribed shares has been made by way of assets contributed in kind, consisting of all 250 shares in Arcy. Payment for the subscribed shares in the form of contribution of the asset to be contributed in kind was made simultaneously with the subscription.
The final value at which the in-kind assets will be entered in the Company's balance sheet, based on Readly's closing share price as of today, is SEK 610,874,451.
For more information regarding the acquisition of Arcy, please see the press release from 14 April 2025, when the acquisition was announced.
For more information, please contact: ir@readly.com
About Readly Readly is a European category leader for digital magazines and newspapers. The Company offers a digital subscription service where customers have unlimited access to 8,000 national and international titles - all in one app and at a fixed monthly fee. Readly has subscribers in 50 countries and content available in 17 different languages. In collaboration with around 1,000 publishers worldwide, Readly is digitising the newspaper and magazine industry. In 2024, revenues amounted to SEK 725 million. The Readly share is listed on Nasdaq First North Growth Market and FNCA Sweden AB is the Company's Certified Advisor. For more information, please visit https://corporate.readly.com
