MilDef's CEO sells shares - remains a major long-term shareholder

MilDef's CEO Daniel Ljunggren has sold 400,000 shares in MilDef Group AB (publ).

On February 9, Daniel Ljunggren sold 400,000 shares in MilDef at a value of SEK 27.4 million.  The sale is his first after the IPO of MilDef in June 2021 and corresponds to approximately 20 percent of Daniel Ljunggren's shareholding in MilDef. After the sale, Daniel Ljunggren's ownership in MilDef amounts to approximately 1.6 million shares, which corresponds to approximately 3.9 percent of the shares in MilDef. Daniel Ljunggren remains a major long-term shareholder in MilDef.

"I have chosen to sell part of my shareholding in MilDef for personal financial reasons. The majority of my ownership in the company remains and my remaining holding in MilDef continues to be by far my largest private financial investment. My commitment and belief in MilDef's future remains and I look forward to continuing to lead and develop MilDef towards our strategic goals," says Daniel Ljunggren, President and CEO of MilDef.

The transaction will be reported to the Swedish Financial Supervisory Authority in accordance with applicable rules.

This information is information that MilDef Group AB (publ) 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 below, on February 10, 2024 at 18:30 CEST.