Market announcement

Admirals Group AS

LEI code

549300906IGR87BLLY36

Size of the entity

Medium group

Economic activities

Financial and Insurance Activities

Country of registered office

Estonia

General information

Categories

Other corporate action

Unique data record identifier

16789

Submission date and time

07.12.2024 22:11:01

Content of announcement in Estonian

Title

Admirals Group AS teatab oma Austraalia tütarühingu müügist

Message

Admirals Group AS on sõlminud lepingu oma täielikus omandis oleva tütarühingu
Admirals AU PTY Ltd (Austraalia), litsentseeritud investeerimisühingu, müümiseks
mitteseotud isikule, mis on osa Admirals grupi geograafilise fookuse
optimeerimisest. Eeldatakse, et tavapäraste sulgemistingimustega tehing mõjub
positiivselt Admirals Group AS-i puhaskasumile ja tõhustab selle tegevust
kooskõlas põhistrateegiaga. See strateegiline samm rõhutab Admirals Group AS-i
pühendumust luua väärtust, koondades ressursid võtmepiirkondadesse, kus ta näeb
suurimat kasvupotentsiaali ja tegevuse tõhusust.

Lisainfo:?

Alexander Tsikhilov
Admirals Group AS-I juhatuse esimees
[email protected]
 (https://www.globenewswire.com/Tracker?data=KDr2ZvM7GjwOpqP0EmsHw9XmhSvs1u-
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PG_44x9yOKwjIbTE3SEI8fDclqdibBZzu_3Eg22m83G2Wg2lito40LTyQ==)+372 6309 300
https://www.admirals.group/
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Content of announcement in English

Title

Admirals Group AS Announces a Sale of its Australian Subsidiary

Message

Admirals Group AS has entered into an agreement to sell its wholly owned
subsidiary, Admirals AU PTY Ltd (Australia), a licensed investment company, to a
non-related party, as part of the Admirals group's ongoing optimization of its
geographic focus. The transaction, subject to customary closing conditions, is
expected to positively contribute to Admirals Group AS's net profit and
streamline its operations in alignment with its core strategy. This strategic
move underscores Admirals Group AS's commitment to delivering value by
concentrating resources in key regions where it sees the strongest potential for
growth and operational efficiency.

Additional information:

Alexander Tsikhilov
Chairman of the Management Board of Admirals Group AS
[email protected]
 (https://www.globenewswire.com/Tracker?data=KDr2ZvM7GjwOpqP0EmsHw9XmhSvs1u-
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Z5Hmf1t5ohw3krxKU0EaZLoz7CniXu5MDqG6xH16-bhbl2GYTmlbqgg==)+372 6309 300
https://www.admirals.group/
(https://www.globenewswire.com/Tracker?data=qJc3XIb9w7ltkes7Yzs_zDhmUq63dMzhLgq-
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