Creopretium - Creopretium AB ("Creopretium") completes exit in Arise AB (publ)

Creopretium AB ("Creopretium") completes exit in Arise AB (publ)

Newsdesk 10/11 06:30

Creopretium (including related parties) have sold the entire remaining holding of ordinary shares in Arise AB (publ) (?Arise?). The investment project has yielded a negative total return amounting to ?7.0%, equivalent to an IRR of ?2.4% over a holding period of three years.

?Against the backdrop of negative total return and significant underperformance since the IPO in March 2010, we are obviously disappointed that the board of Arise has not embraced initiatives put forward by Creopretium. Strategic initiatives we regard as sound and rational, to achieve a turnaround and enhanced shareholder value?, comments Hans Derninger, Managing Director Creopretium.[1] [2]

For more information about Creopretium?s investment project in Arise, please visit us at https://creopretium.se/investments.html

For additional information, please contact
Hans Derninger, Managing Director Creopretium, phone: +46 722 48 72 00

____________________

[1] Cumulative total shareholder return to 9 November:

since 24 March 2010 since 9 October 2014 since 18 January 2016
Arise AB (publ) ?74.6% ?23.7% ?25.8%
Eolus Vind AB (publ) ?1.9% 60.4% ?4.2%
SIX Return Index 136.4% 53.3% 37.7%

Source: Creopretium, Infront.

Note:
24 March 2010; first day of trading in Arise ordinary share on the NASDAQ Stockholm Exchange following IPO.
9 October 2014; refined strategy declaration, please refer to press release from Arise AB (publ), ?Revised target?.
18 January 2016; Daniel Johansson took office as CEO of Arise AB (publ).

[2] Please refer to press release Open Letter to the Board of Arise AB (publ), 7 March 2016, Creopretium.


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