Stabilisation notice, partial exercise of over-allotment option and end of the stabilisation period

As announced in connection with the offering to acquire newly issued and existing shares in the Company and the listing of the Company’s shares on Nasdaq Stockholm (the “Offering”), ABGSC may, acting as Sole Global Coordinator and stabilisation manager, carry out transactions aimed at supporting the market price of the shares at levels above those which might otherwise prevail in the market.

Stabilisation transactions have been undertaken on Nasdaq Stockholm in the over-the-counter market or otherwise, during the period from the date of commencement of trading in the shares on Nasdaq Stockholm 17 September until today, 16 October 2020. However, the Sole Global Coordinator has not been obliged to undertake any stabilisation measures. Under no circumstances has transactions been conducted at a price higher than the one set in the Offering, i.e. SEK 59. ABGSC, in its capacity as stabilisation manager, notifies in this press release that stabilisation measures have been undertaken in accordance with article 5(4) of the Market Abuse Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 on Nasdaq Stockholm, as specified below. ABGSC has previously notified that stabilisation measures have been undertaken during the stabilisation period through press releases on 2 October and 15 October 2020.

The Main Shareholder of the Company have granted the Sole Global Coordinator an over-allotment option which may be utilised in whole or in part for 30 days from the date of pricing of the Offering to sell up to 1,830,508 shares corresponding to up to 15 percent of the total number of shares in the Offering, at a price corresponding to the price in the Offering, i.e. SEK 59 per share, to cover any over-allotment in connection with the Offering. ABGSC now notifies that the over-allotment option with respect to 630,000 shares have been exercised. Consequently, 1,200,508 shares in the Company, which ABGSC has lent from the Main Shareholder in order to cover the over-allotment, will be re-delivered.

The contact person at ABGSC is Erik Skog (tel: +46 8 566 29 471, e-mail: erik.skog@abgsc.se).

The stabilisation period regarding the Offering has now ended and no further stabilisation transactions will be effected. Specified below is a summary of the stabilisation transactions which have been effected during the stabilisation period in accordance with this press release and the press releases on 2 October and 15 October 2020. All transactions during the stabilisation period have been effected on Nasdaq Stockholm and no stabilisation transactions have been effected on other dates than those specified below.

For more information, please contact:

Contact for investors and analysts:

Annika Billberg, Head of Investor Relations Readly
+46 70 267 97 91, annika.billberg@readly.com

Contact for media:

Linnéa Aguero, Head of PR & Communications Readly
+46 72 503 32 31, linnea.aguero@readly.com

This information is information that Readly is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at 18:30 CEST on 16 October 2020.

About Readly

Founded in 2012, Readly is the European category leader for digital magazines^[2]. Readly offers a digital subscription service for magazines with content from third party publishers. The product can be accessed online or via apps available on all main operating systems. Readly’s subscribers have unlimited access to quality content from approximately 800 publishers and editors for a fixed monthly fee. Since the service was launched, Readly has seen a large increase in the number of fully paying subscribers. Readly’s core markets Germany, the United Kingdom and Sweden together represented approximately 85 percent of the Company's net sales in the first half of 2020. Readly has subscribers in more than 50 countries and has agreements with publishers to offer local content in 11 countries. Moreover, Readly offers magazines in 17 languages.

The Company has shown significant growth in total revenue over the past years, reaching SEK 265 million in 2019. Total revenue has grown by a CAGR of 44 percent between 2017 and 2019 and all of Readly's core markets had positive organic growth during these years.

[1] Cleantech Europe II Luxembourg Sarl.

^[2] Among identified “all-you-can-read” competitors in Europe, Readly is defined as the European category leader on the basis of: highest number of magazine titles, relationships with most major publishers in core markets, highest average monthly website visits between October and December 2019 (worldwide) and highest iOS-store rating, PwC Strategy& market study.