GOTHENBURG, SWEDEN - As announced in a press release on 22 April 2025, the Board of Directors of LIDDS AB (publ) ("Lidds" or the "Company") found reason to believe that the equity was less than half of the registered share capital and therefore decided to prepare a balance sheet for liquidation purposes. The Board of Directors of Lidds has prepared the balance sheet for liquidation purposes, and it has been reviewed by the Company's auditor. The balance sheet for liquidation purposes shows that the Company's equity is less than half of the registered share capital of SEK 7,232,556.
Lidds and the Board of Directors have worked intensively during the spring to try to generate equity for the Company but have not yet found a solution for its strained financial situation in the short and medium term.
The Board of Directors will therefore convene a general meeting (the so-called first control meeting according to the Swedish Companies Act). The notice of the Annual General Meeting, which will also serve as the First Control Meeting, will be published through a separate press release shortly.