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Lemonsoft’s largest shareholder Rite Internet Ventures Holding AB reorganizes its holdings

Lemonsoft Oyj | Press Release | June 14, 2023 at 16:00 EEST

The largest shareholder of Lemonsoft Oyj ("Lemonsoft"), Rite Internet Ventures Holding AB ("Rite Ventures"), which is the controlling entity of the Lemonsoft’s Chairman of the Board Christoffer Häggblom, is organizing its holdings in Lemonsoft. The annual general meeting of Rite Ventures decided on 12.6.2023 to distribute part of its Lemonsoft’s shares to the shareholders of Rite Ventures. After the distribution of dividend, Rite Ventures agreed to buy back some of the distributed shares and Rite Ventures' principal owners agreed to transfer the received shares to a separate company, Rite LS SPV AB. The documents related to the final completion of the reorganization were signed on 14.6.2023.
The number of shares in Lemonsoft controlled by Christoffer Häggblom remains unchanged, and he continues to control a total of 42.78% of Lemonsoft's shares through his controlling entities, Rite Ventures and Rite LS SPV AB, after the arrangement.

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Lemonsoft is a Finnish software company that designs, develops and sells ERP software solutions to streamline its customers’ processes across different business lines and administration. The extensive offering of software solutions and related services enables the Company to provide its customers with holistic service. The Company’s standardised and scalable software solutions are delivered mainly from the cloud and are based on the SaaS model in which customers pay a monthly service fee for the use of the software. The Company operates in the ERP software market in Finland primarily as a service provider for SMEs. The Company’s customer base consists of customers from especially industrial manufacturing, wholesale and retail, professional services automation, construction and accounting.

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