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Regulatory press release

Martin Malm is proposed as new Chairman of the Board of Transcendent Group and will leave the role as CEO as soon as the new CEO has taken office

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Transcendent Group's Nomination Committee has announced that it will propose to the Annual General Meeting 2022 for Transcendent Group's CEO Martin Malm to be elected as new Chairman of the Board. As a consequence, Martin Malm has today informed the Board of Directors that he wishes to resign as CEO. To ensure continuity, Martin Malm will remain in his role as CEO until a new CEO has assumed office, or as at the latest until the Annual General Meeting on 31 May 2022. The Board of Transcendent Group will immediately start the process to recruit a new CEO.

Martin Malm has been employed by Transcendent Group since 2003 and has been the company's CEO since 2010. He is also Transcendent Group's largest shareholder. Martin has extensive experience from the services that Transcendent Group offers and has previously focused on advisory in areas such as internal control, internal auditing, IT auditing and cyber security. He holds a MSc in Computer and Systems Sciences from Stockholm University.

“Martin Malm has been a key player in Transcendent Group's progress for almost 20 years and given his background and profile, we think it is a natural step for him to take on the role as Chairman of the Board. With his extensive experience from GRC services and deep knowledge of Transcendent Group's market, Martin will ensure that the company continues to develop and delivers on its strategy with a focus on profitable growth”, said Marek Rydén, Chairman of the Nomination Committee.

The Board of Transcendent Group will immediately start the process to recruit a new CEO.

The Nomination Committee will present its complete proposals to the Annual General Meeting 2022 in connection with the notice to attend the AGM. The Annual General Meeting will be held on 31 May 2022.

For more information, please contact

Marek Rydén, Chairman of the Nomination Committee
marek_ryden@hotmail.com

About Transcendent Group

At Transcendent Group you will meet experienced consultants in Governance, Risk and Compliance. Transcendent Group’s services provide security and opportunities for government agencies, businesses and other organizations in a variety of industries. The company was established in Stockholm in 2001 and has from the start built a differentiated offering based on a value-driven culture with experienced experts. Transcendent Group has been ranked as one of Europe’s, Sweden’s and Norway’s best workplaces in 2020 and has been a Great Place to Work since 2012. Transcendent Group has more than 100 employees in 7 markets across Europe. Transcendent Group is listed on Nasdaq First North Premier Growth Market. The company’s Certified Adviser is Avanza Bank, +46(0)8-409 421 20, corp@avanza.se. For more information, visit www.transcendentgroup.com

This information is information that Transcendent Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-12-09 20:30 CET.

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Martin Malm is proposed as new Chairman of the Board of Transcendent Group and will leave the role as CEO as soon as the new CEO has taken office

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