Oslo 5 May 2025: Reference is made to the stock exchange announcement published
on 22 April 2025 regarding notice of the annual general meeting (the "AGM") in
Lumi Gruppen AS (the "Company") and the implementation of a new long-term
incentive plan for certain key employees of the Company and its subsidiaries
(the "LTIP").
The AGM will be held tomorrow, on 6 May 2025 at 10:00 CEST.
Following requests for more information on the LTIP from certain shareholders of
the Company, the Company's board of directors has decided to withdraw item 9
(board authorisation to increase the share capital in connection with the
management incentive program) (the "LTIP Resolution") from the AGM agenda. All
other items on the agenda for the AGM remain unchanged.
The board of directors remains supportive and committed to implement the LTIP.
However, the board of directors understands the shareholders' need for further
information regarding the terms of the LTIP. The board of directors will
therefore call for a separate extraordinary general meeting to decide on the
LTIP Resolution in due course. The notice to such extraordinary general meeting
will contain further information on the terms and conditions of the LTIP as
requested by the shareholders.
Contact information:
Martin Prytz, CFO and Head of Investor Relations
E-mail: IR@lumigruppen.no
Mobile:+47 480 14 078
About Lumi:
Lumi Gruppen is a leading Norwegian education provider founded in 1989. Today,
Lumi Gruppen consists of two main divisions: Oslo Nye Høyskole (ONH) and Sonans.
ONH is a private university college established in 2007, with 80% of the
students studying online, supplemented by a brand new, modern and well-equipped
campus opened in 2025 located in central Oslo. ONH has grown revenues more than
15% per annum over the past 10 years reflecting its focus on fast growing areas
of study demand delivered across a modern, accessible and flexible mix of
channels. Sonans is Norway's market leader in high school private candidate exam
preparation courses, primarily to help former high school students achieve
better exam results and/or complete their high school diploma to enter higher
education.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.