Desenio has received support for a six-week extension of its bond maturity and announces new date for Q3 report 2024

Desenio Group AB (publ) (the "Company" or "Desenio") announces that the Company has today initiated a written procedure to inter alia extend the maturity of its outstanding senior secured bonds 2020/2024 with ISIN SE0015242839 (the "Bonds") to 31 January 2025, with a possibility of further extension through a simplified procedure (the "Written Procedure"). The Company is currently in constructive dialogues with its bondholders for a long-term solution for its financing. To conclude the dialogues and to allow for execution of an agreement, the parties have determined that additional time is needed. The maturity extension is supported by bondholders representing approximately 67% of the adjusted nominal amount of the Bonds.

The Company has today instructed Nordic Trustee & Agency AB (publ) (the "Agent"), in its capacity of agent under the Bonds, to send a notice of Written Procedure (including voting instructions) to the direct registered owners and registered authorised nominees of the Bonds in the Company's debt ledger held with Euroclear Sweden as per 6 November 2024. The notice of Written Procedure is available on the Company's and the Agent's respective websites.

The outcome of the Written Procedure will be announced by way of press release in connection with the termination of the Written Procedure. The voting record date is 14 November 2024 and the last day for voting in the Written Procedure is 3 December 2024.

For questions to the Agent regarding the administration of the Written Procedure, please contact the Agent at [email protected] or +46 8 783 79 00.

As part of the ongoing dialogues the Board of Directors of Desenio has furthermore decided to postpone the publication of the quarterly report for the third quarter of 2024 further, until 28 November 2024. The previously communicated date for the report was 8 November 2024.

For further information, please contact:

Fredrik Palm, CEO, [email protected], +46 70 080 76 37
Anna Ståhle, CFO, [email protected], +46 70 922 10 21
Johan Hähnel, Head of IR, [email protected], +46 706 05 63 34

This information is information that Desenio Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-11-07 13:23 CET.

Certified Adviser

FNCA Sweden AB is the company's certified adviser.

About Desenio Group

Desenio Group is the leading e-commerce company within affordable wall art in Europe, with a growing presence in North America. We offer our customers a unique and curated assortment of about 9,000 designs as well as frames and accessories in 37 countries via 44 local websites and are steadily expanding to new markets.

Desenio Group is well positioned to build upon our dynamic growth model, including our proprietary technical platform, industrialized creative processes and efficient customer acquisition approach.

We are headquartered in Stockholm, Sweden, with fulfilment centres in Sweden, Czech Republic and USA. Our share is traded on Nasdaq First North Growth market, under the ticker "DSNO".