THINC JETTY COLLECTIVE HAS COMPLETED THE ACQUISITION OF SHARES IN FOUR COMPANIES IN WHICH IT ALREADY PART-OWNED

Thinc Jetty Collective AB (publ) (“Thinc” or the “Company”) announces that the Company has today completed all of the share transfers announced in the press release on October 25, 2021 (the “Press Release”). The acquisitions concern the partly owned companies Do Nothing Average Agency AB, Habermax AB, Tre Art Reklambyrå AB and Kunskapskraft & Media Sweden AB (the “Target Companies”). The acquisitions have been completed through so-called non-cash issues whereby the Board of Directors has decided to issue a total of 4,978,572 new shares in Thinc at a value corresponding to the fixed purchase price for the relevant shares amounting to approximately SEK 3,5 million.   

The Company has, in accordance with what was previously communicated in the Press Release, entered into an agreement to acquire shares in the Target Companies. The acquisitions have now been finally completed and the Company has taken possession of the shares. The fixed purchase price for the acquisitions amounted to approximately SEK 3,5 million and has been paid by allocating 4,978,572 newly issued shares in Jetty to the respective sellers (the “Transaction”). For further information regarding the Transaction, please refer to the Press Releases which describe in detail the Transaction and all material terms and conditions.