B&B TOOLS proceeds with the preparation for a separate listing of the Momentum Group operating segment on Nasdaq Stockholm

28.10.2016

B&B TOOLS
Corporate Action

B&B TOOLS proceeds with the preparation for a separate listing of the Momentum
Group operating segment on Nasdaq Stockholm

The Board of Directors of B&B TOOLS AB (publ) has decided to commence the
preparation for a separate listing of the present Momentum Group operating
segment on Nasdaq Stockholm. The separate listing will be conducted through
distribution of the shares in this business to the shareholders of B&B TOOLS.
The aim is to implement the listing during 2017. 

The Board of B&B TOOLS AB has assigned the Group management the task of
continuing the implementation of the division of the Group’s operations into
two independent companies as announced earlier. 

“As independent listed companies, Momentum Group and Bergman & Beving can
further strengthen their growth and profitability, as well as create new
opportunities for interesting acquisitions,” says Anders Börjesson, Chairman of
the Board of B&B TOOLS. “A separate listing will also more clearly highlight
the values created in each of the companies.” 

As a result of the decision to prepare for a separate listing, a Board of
Directors has been appointed for Momentum Group AB, comprising Charlotte
Hansson, Stefan Hedelius, Johan Sjö, Gunilla Spongh and Fredrik Börjesson as
Chairman. 

In conjunction with this, an internal subsidiary Board of Directors has also
been appointed for the Bergman & Beving operating segment, comprising Chairman
Anders Börjesson, Roger Bergqvist, Henrik Hedelius, Malin Nordesjö, Louise
Undén and Jörgen Wigh. 

It is also the Board’s intention to propose to the same General Meeting of
Shareholders of B&B TOOLS that will be tasked with resolving on the
distribution of the shares in Momentum Group to the shareholders, that the
company’s current name be changed from B&B TOOLS AB to Bergman & Beving AB. 



Stockholm, 28 October 2016

B&B TOOLS AB (publ)

For further information, please contact:
Ulf Lilius, President and CEO, B&B TOOLS AB, Tel: +46 10 454 77 00

Mats Karlqvist, Head of Investor Relations, B&B TOOLS AB, Tel: +46 70 660 31 32



The information was submitted for publication on 28 October 2016 at 08:00 a.m.
CET.