Coala-Life Group AB (publ) has today, via its subsidiary Portwear AB, entered into an agreement to sell all shares in Department and Stores Europe AB to AB Sagax. The transaction is conditional and the closing of the transaction is subject to customary terms, closing of the transaction is planned for March 1, 2022. The completed…
Coala-Life Group AB (publ), a leading company in cloud-based remote monitoring of heart and lung diseases, announces today that the TITAN-DM study – a clinical observational study aimed at increasing knowledge about the incidence of atrial fibrillation in people with diabetes – is now fully recruited with 600 participants. The…
The analyst report is avaialble on the web of RedEyes and Coala Lifes. The analyst report is also available as attached PDF-file. About us Coala Life is a medical device company founded in Sweden focusing on cloud-based cardiac and pulmonary diagnostics. The company has developed and launched the Coala Heart Monitor – a multi-award winning,…
The Swedish Companies Registration Office has registered the name change from RNB Retail and Brands AB to Coala-Life Group AB (publ) and the company thereby changes listing name and ticker symbol as from 22 November 2021. The new listing name will be Coala-Life Group AB and the new ticker symbol…
On 8 November 2021, RNB Retail and Brands AB (the “Company”) completed the acquisition of Coala-Life AB (”Coala-Life”), as communicated on 27 September 2021, and announced that all conditions for the acquisition had been fulfilled. On 8 November 2021, the Company’s board of directors, by virtue of an authorisation granted by the extraordinary general meeting…
Today trade in Coala Life began after RNB Retail and Brands ("RNB") completed the acquisition and Nasdaq approved the company for listing on First North. RNB is now changing its name to Coala-Life Group AB and Coala Life's board, CEO and management will take over. About us Coala Life is a medical device company founded…
On October 29, 2021, RNB Retail and Brands AB (“RNB” or “the Company”) published a press release with information that the record date for the aggregation of the Company's shares, whereby the number of shares in the Company is reduced by adding 50 shares to one share, had been determined. until 5 November 2021. The…
At today's Extraordinary General Meeting of RNB Retail and Brands AB (“RNB” or “the Company”), it was decided to merge the Company's shares, whereby the number of shares in the Company is reduced by adding 50 shares to one share. The Extraordinary General Meeting authorized the Board to determine the record date for the merger.…
RNB Retail and Brands AB (“RNB” or “the Company”) announced in a press release on October 26, 2021 that RNB's Board of Directors has decided to apply for delisting of the Company's share from Nasdaq Stockholm. RNB has today received approval to delist the Company's share from Nasdaq Stockholm. Nasdaq Stockholm's approval is conditional on…
The Board of Directors of RNB Retail and Brands AB (“RNB” or “the Company”) has today decided to apply for delisting of RNB's share from Nasdaq Stockholm. On September 27, 2021, RNB announced its intention to acquire all shares in Coala-Life AB through a non-cash issue of shares in RNB and in connection with this…
RNB Retail and Brands AB ("RNB" or "the Company") announces that Nasdaq Stockholm AB has today announced that the Company meets the listing requirements for Nasdaq First North Growth Market. RNB today also publishes the company description prepared in connection with the transaction that RNB published in a press release on 27 September 2021, whereby…
Due to RNB Retail and Brands AB's (“RNB” or “the Company”) acquisition of Coala-Life AB (“Coala Life”) through a non-cash issue, which was communicated by the Company on September 27, 2021, certain shareholders in Coala Life and in RNB has entered into so-called lock-up agreements with customary terms. According to the agreement, owners who will…
RNB RNB Retail and Brands AB has today agreed to sell Brothers to Jotunfjell Partners for SEK 10 million in purchase price. RNB Retail and Brands AB has previously informed about the process for creating independent subsidiaries in the Group and finally selling the subsidiaries to stable and suitable owners. After divesting the operations in…
RNB Retail and Brands AB has appointed Richard Roa as Chief Financial Officer (CFO). Richard has a MSc in Business and Economics from Stockholm University and is currently Interim Group Business Controller at RNB. Richard will take office on November 1, 2021. Richard Roa has worked at RNB since 2019. Richard has a MSc in…
Increased sales for Brothers The number of visitors and sales in Brothers’ stores continued to increase in the quarter. Brothers’ sales increased sharply on the third quarter and sales outperformed the forecast for several months, leading to low stock levels. The Group continued its focus on finding solutions for the…
On 23 August 2021 RNB Retail and Brands AB (publ) (the "Issuer") instructed Nordic Trustee & Agency AB (publ) (the "Agent"), agent for the Issuer's senior secured floating rate notes with ISIN SE0010625830 (the "Notes"), to instigate a written procedure (the "Written Procedure") to resolve on certain amendments to the terms and conditions of the…
RNB Retail and Brands AB (the "Company") instigates a written procedure (the "Written Procedure") for the notes with ISIN SE0010625830 (the "Notes") to resolve on certain amendments of the terms and conditions of the Notes (the "Terms and Conditions"). The purpose of the Written Procedure is to, inter alia, approve that the period of deferral…
On Tuesday, August 10, 2021, RNB Retail and Brands AB (the “Company”) held an extra General Meeting (EGM) under the chairmanship of lawyer Johan Wigh. With the support of Sections 20 and 22 of the Act (2020: 198) on temporary exemptions to facilitate the conduct of company general and association general meetings, the EGM was…
As informed in RNB Retail and Brands AB (the “Company")'s most recent quarterly reports, the company is reviewing the possibilities of continuing as an independent listed company. This work examines several different alternatives, including acquiring complementary operations by issuing new shares or selling existing operations and acquiring new operations. The company is also investigating the…
RNB RETAIL AND BRANDS AB (publ) (the "Company") today announces that it makes a partial repayment in the amount of SEK 120 000 000 on the notes with ISIN SE0010625830 (the "Notes")(the "Partial Repayment"). The Partial Repayment is made pursuant to clause 11.6 (Mandatory partial repayment due to the Permitted Disposal) of the terms and…
A brighter spring for Brothers The quarter returned a welcome increase in customer numbers and sales for Brothers. Sales increased sharply compared to the second quarter and Brothers increased it’s market share in men’s fashion. The progress continued in June. The divestment of Polarn O. Pyret was completed in the…
The shareholders of RNB Retail and Brands AB (the “Company”) are hereby summoned to an Extraordinary General Meeting on Tuesday, August 10, 2021. With the support of Sections 20 and 22 of the Act (2020:198) on temporary exemptions to facilitate the conduct of general and association meetings, the Company's Board has decided that the meeting…
RNB RETAIL AND BRANDS will announce the third quarter results (March 2020 – May 2021) on Thursday 1 July. RNB RETAIL AND BRANDS invites investors, analysts, and media to a presentation of the quarterly report, where CEO Kristian Lustin and Interim Group Business Controller Richard Roa comment on the report. The presentation will be held…
Kristian Lustin has announced to the Board that he is leaving his position as President and CEO to move on to a new position at another company. He has six months' notice. Kristian took over as President and CEO on January 1, 2020 and before that was CFO since 2015. “I want to thank Kristian…
RNB RETAIL AND BRANDS AB (publ) (the "Company") today announces that it makes a partial repayment in the amount of SEK 158 678 000 on the notes with ISIN SE0010625830 (the "Notes")(the "Partial Repayment"). The Partial Repayment is made pursuant to clause 11.6 (Mandatory partial repayment due to the Permitted Disposal) of the terms and…
Focus on divestment Following focused efforts to identify new owners of the subsidiaries, Departments & Stores (including Man of a kind) was divested in February and Polarn O. Pyret in March. The focus is now on finding a good solution for the remaining parts of the Group with RNB and…
RNB Retail and Brands AB has today closed the divestment of Polarn O. Pyret to Procuritas. RNB Retail and Brands AB has previously announced the process to separate the group subsidiaries with the aim to ultimately divest the subsidiaries to stable and suitable owners. The divestment of Polarn O. Pyret, announced on March 10, 2021,…
On 22 March 2021 RNB Retail and Brands AB (publ) (the "Issuer") instructed Nordic Trustee & Agency AB (publ) (the "Agent"), agent for the Issuer's senior secured floating rate notes with ISIN SE0010625830 (the "Notes"), to instigate a written procedure (the "Written Procedure") to resolve on certain amendments to the terms and conditions of the…
RNB RETAIL AND BRANDS AB (publ) (the "Company") instigates a written procedure (the "Written Procedure") for the notes with ISIN SE0010625830 (the "Notes") to resolve on certain amendments of the terms and conditions of the Notes (the "Terms and Conditions"). By way of a press release on 10 March 2021, the Company announced that it…
As resolved in the written procedure for which notice was distributed on 26 February 2021 RNB Retail and Brands AB (publ) (the "Issuer") has today issued SEK 85,000,000 subordinated perpetual floating rate callable capital notes ("Perpetual Capital Notes"). The Perpetual Capital Notes were issued to the noteholders of the Issuer's senior secured floating rate notes…
RNB Retail and Brands AB (publ) has today reached an agreement to sell Polarn O. Pyret to Procuritas for a preliminary value of SEK 330 million on a cash and debt-free basis. RNB Retail and Brands AB has previously announced a process to separate the group subsidiaries and ultimately divest the subsidiaries to stable and…
On 26 February 2021 RNB Retail and Brands AB (publ) (the "Issuer") instructed Nordic Trustee & Agency AB (publ) (the "Agent"), agent for the Issuer's senior secured floating rate notes with ISIN SE0010625830 (the "Notes"), to instigate a written procedure (the "Written Procedure") to resolve on certain amendments to the terms and conditions of the…
RNB RETAIL AND BRANDS will announce the second quarter results (December 2020 – February 2021) on Thursday 15 April. RNB RETAIL AND BRANDS invites investors, analysts, and media to a presentation of the quarterly report, where CEO Kristian Lustin and Interim Group Business Controller Richard Roa comment on the report. The presentation will be held…
RNB RETAIL AND BRANDS AB (publ) (the "Company") instigates a written procedure (the "Written Procedure") for the notes with ISIN SE0010625830 (the "Notes") to resolve on certain amendments of the terms and conditions of the Notes (the "Terms and Conditions"). The purpose of the Written Procedure is to, inter alia, extend the current Payment Block…
On 27 January 2021 RNB Retail and Brands AB (publ) (the "Issuer") instructed Nordic Trustee & Agency AB (publ) (the "Agent"), agent for the Issuer's up to SEK 600,000,000 senior secured floating rate notes with ISIN SE0010625830 (the "Notes"), to instigate a written procedure (the "Written Procedure"). As described in the notice of Written Procedure…
RNB RETAIL AND BRANDS AB (publ) (the "Company") instigates a written procedure (the "Written Procedure") for the notes with ISIN SE0010625830 (the "Notes") in order to waive certain provisions in the terms and conditions of the Notes (the "Terms and Conditions"). Earlier today, the Company announced, by way of a press release, that it has…
RNB Retail and Brands AB (publ) today announces that it has reached an agreement with NK Retail AB for the sale of the assets of Departments & Stores for a preliminary value of SEK 58 million. RNB Retail and Brands AB has previously announced a process to separate the group subsidiaries and ultimately divest the…
On 11 January 2021 RNB Retail and Brands AB (publ) (the "Issuer") instructed Nordic Trustee & Agency AB (publ) (the "Agent"), agent for the Issuer's up to SEK 600,000,000 senior secured floating rate notes with ISIN SE0010625830 (the "Notes"), to instigate a written procedure (the "Written Procedure") to resolve on certain amendments to the terms…
RNB RETAIL AND BRANDS AB (publ) (the "Company") instigates a written procedure (the "Written Procedure") for the notes with ISIN SE0010625830 (the "Notes") to resolve on certain amendments of the terms and conditions of the Notes (the "Terms and Conditions") and the terms of the intercreditor agreement originally dated 5 February 2018 entered into between,…