Board member Nina Siemiatkowski has announced her intention to leave the Board at her own request at the end of 2022 due to time constraints resulting from her commitment as founder and CEO of Milkywire AB ("Milkywire").
The Board of Directors does not intend to convene an Extraordinary General Meeting to elect a new Director.
Nina Siemiatkowski comments:
"I am extremely proud of the portfolio of companies we have built up over the last ten years and the strategy we have set for Flat for the coming years. Now, one year after Flat's IPO, I am leaving the board to fully focus on Milkywire and look forward to following Flat's journey as a long-term owner.”
Sebastian Siemiatkowski, Chairman of the Board, comments:
"Nina and I founded Flat in 2013 and have built it together, culminating in the company’s IPO last year. Nina has of course been a critical part of Flat, and I am confident that she will continue to contribute with investment ideas and share her brilliant creativity outside the boardroom as we continue our journey at Flat"
For further information, please contact:
Hanna Wachtmeister, CEO, firstname.lastname@example.org, +46 (0) 70 661 60 05
Antonio Melani, CFO, email@example.com, +46 (0) 72 221 81 32
Augment Partners AB, firstname.lastname@example.org, +46 (0) 8 604 22 55
About Flat Capital:
Flat Capital is an investment company that focuses on growth stage companies with prominent entrepreneurs in leading positions and primarily makes investments through its network of world-class investors and entrepreneurs. The company was founded in 2013 by the entrepreneurs Nina and Sebastian Siemiatkowski (founders and CEOs of Milkywire and Klarna, respectively) and is led by CEO Hanna Wachtmeister together with an experienced board of directors. Examples of portfolio companies include Klarna, Instabee and Truecaller. The company aims to provide long-term capital and is essentially a passive minority shareholder, while Flat Capital's experience and network are available to the extent the entrepreneur wishes. The aim is to facilitate successful company building and enable exposure to otherwise hard-to-reach and promising companies. More information is available at www.flatcapital.com
Note: This is a non-official translation of the Swedish original wording. In case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail.