Misen Energy has completed the sale of all shares in its subsidiary Misen Enterprises

The Board of Directors of Misen Energy AB (publ) ("Misen", the "Company" or the "Group") has today completed the sale of all shares in the Company's subsidiary, Misen Enterprises AB, as announced on 30 April 2024. The proceeds amounted to EUR 3,000,000.

On 30 April 2024, the Board of Directors of Misen announced that the Company had resolved to enter into a share purchase agreement to sell all shares in the subsidiary Misen Enterprises AB for a purchase price of EUR 3,000,000 to Breakfast Language LLC (the "Transaction"). The completion of the Transaction was conditional upon the approval of an Extra General Meeting which was obtained on 28 May 2024.

The Company's operational activities has been carried out in its entirety in Misen Enterprises AB. Consequently, the completion of the Transaction therefore means that there are no longer any operational activities in the Group. The Company expects to inform the market and the Company's shareholders about the Company's continued operations at the latest on the date of the Annual General Meeting which will be held on 28 June 2024.