Oslo, 9 July 2025: On 9 July 2025, Lola Bidco AS, a close associate of the board member and primary insider Ashkan Senobari, purchased a total of 758,815 shares in Lumi Gruppen AS, at a price of NOK 15.25. Following the transaction, Lola Bidco AS owns 14,395,758 shares in Lumi Gruppen AS, equal to approximately 24.81% of the company's share capital, and together with its affiliate, Hanover Active Equity Fund III SCA SICAV-RIAF, 34,899,970 shares, equal to approximately 60.14% of the company's share capital.
Please see the enclosed form for further details about the transaction.
This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities Trading Act.
About Lumi: Lumi Gruppen is a leading Norwegian education provider founded in 1989. Today, Lumi Gruppen consists of two main divisions: Oslo Nye Høyskole (ONH) and Sonans. ONH is a private university college established in 2007, with 80% of the students studying online, supplemented by a brand new, modern and well-equipped campus opened in 2025 located in central Oslo. ONH has grown revenues more than 15% per annum over the past 10 years reflecting its focus on fast growing areas of study demand delivered across a modern, accessible and flexible mix of channels. Sonans is Norway’s market leader in high school private candidate exam preparation courses, primarily to help former high school students achieve better exam results and/or complete their high school diploma to enter higher education.