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Fram completes buyback of James Bach’s vested shares in EveHR; implied 17% NAV reduction

Fram Skandinavien
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Fram Skandinavien AB (Fram or the Group) today announces that the Group has signed an agreement to buy back all vested shares in EveHR (Fram Venture 9 AB) held by James Bach, the former CEO of EveHR.

The transaction includes 72 shares in Fram Venture 9 AB, a subsidiary of Fram, equivalent to approximately 6.6% of EveHR’s fully diluted share capital. The total agreed purchase price is 30 kUSD.

The Group considers the transaction price attractive relative to the latest valuation. The purchase price was calculated based on Fram’s market capitalization multiplied by EveHR’s percentage share of Fram’s total NAV (i.e. the shares were acquired at EveHR’s relative value post market cap/NAV-discount).

However, in accordance with set NAV valuation principles, the Group will mark down its entire shareholding in EveHR to this most recent transaction valuation in its upcoming NAV report (as the most recent transaction-based valuation will prevail for 12 months). Combined with the changes in EveHR shares owned by Fram, it will lead to a NAV reduction of approximately 8.85 mSEK (i.e. approximately -17% of total NAV).

For further information, please contact


Christopher Beselin, Chairman & IR
Phone: + 84-34-71273 14
Email: christopher.beselin@fram.asia

Son Ngo, Group Finance Director
Phone: + 84-91-8157680
Email: son.ngo@fram.asia

Per Rundblom, CEO
Phone: + 46-708445900
Email: per.rundblom@fram.asia

Certified Adviser


Svensk Kapitalmarknadsgranskning AB (SKMG), https://www.skmg.se

About Fram Skandinavien AB (publ)


Fram Skandinavien AB (publ) is a listed investment company focused on businesses & assets with economics that are fundamentally robust and enduring. The board and management have long track records of company building and investments, both in emerging and developed markets. The collective experiences span both global and regional leaders such as Cevian Capital, Endurance Capital, Boston Consulting Group, Ericsson and Lazada.

This information is information that Fram Skandinavien 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 2025-12-03 08:00 CET.

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Fram completes buyback of James Bach’s vested shares in EveHR; implied 17% NAV reduction

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