Alligo AB (publ) (OM:ALLIGO B) agree to Spin-off its Momentum Group AB in September 2021. Under the terms in accordance with the proposal of the Board of Directors of Alligo, all of Alligo's shares in Momentum Group to the shareholders of Alligo, the shareholders of Alligo will receive one (1) Class A share in Momentum Group for each Class A share held on and one (1) Class B share in Momentum Group for each Class B share held on the record date. The Board of Directors appointed the former business area manager of Alligo, Clein Ullenvik, as President & CEO and the former CFO of the Alligo business area, Irene Wisenborn Bellander, as CFO. The new management took office on 1 November. The Board of Directors also proposed a change of company name from Momentum Group AB to Alligo AB, which was approved at an Extraordinary General Meeting on December 2, 2021. In accordance with a resolution at the Extraordinary General Meeting of December 2, 2021, the Group's parent company has changed its name from Momentum Group AB to Alligo AB.

The Board of Directors decided to proceed with preparations for a separate listing of the Components & Services business area on Nasdaq Stockholm under the name Momentum Group. Momentum Group is considered to have a good financial position in terms of cash flow and balance sheet and the Board of Directors of Alligo and Momentum Group therefore consider that Momentum Group is ready to take the step to become an independent listed company. The Board of Directors of Alligo has resolved to convene an Extraordinary General Meeting on 23 March 2022 to decide on the Distribution and to elect a new Board of Directors upon proposal of the Company's Election Committee. As part of the preparations for the separate listing, a new Board of Directors was appointed in the subsidiary Alligo Holding AB in October 2021, consisting of Göran Näsholm (Chairman), Johan Eklund, Stefan Hedelius, Cecilia Marlow, Johan Sjö and Christina Åqvist, wherein the Election Committee has proposed to the Extraordinary General Meeting the election of a new Board of Directors in Alligo, corresponding to the Board of Directors of Alligo Holding AB. Notice of the Extraordinary General Meeting on 23 March 2022 will be published separately. Momentum Group's Board of Directors has applied for admission to trading for Momentum Group's Class B shares on Nasdaq Stockholm. The record date is set to be March 25, 2022. Complete terms and conditions for the Distribution will be included in the prospectus to be published by Momentum Group in connection with the Listing. The anticipated first day of trading is March 31, 2022. Momentum Groups ticker on Nasdaq Stockholm will be MMGR B. On March 15, 2022, Alligo have issued the prospectus and which was approved and registered by the Swedish Financial Supervisory Authority Danske Bank A/S, Denmark, Sweden branch is Momentum Group's financial advisor and Advokatfirman Delphi is Momentum Group's legal advisor in connection with the Listing and assisted Momentum Group with the preparation of the prospectus. Momentum Group AB to be listed separately during the first half of 2022.