Completion of the intra-group restructuring of car trade in Lithuania

Core Viewpoint - TKM Grupp AS is restructuring its operations in Lithuania by separating the KIA and Škoda business lines to enhance operational efficiency and focus on growth in the automotive trade sector [1][3]. Group 1: Restructuring Details - TKM Auto OÜ, a subsidiary of TKM Grupp AS, has executed a restructuring that involves the demerger of the Škoda business line into a newly established company named Motus auto UAB [2]. - The demerger was officially approved on May 22, 2025, and the division was registered in the Lithuanian Commercial Register on May 28, 2025 [2]. Group 2: Strategic Goals - The separation of the Škoda dealership and service business line is aimed at allowing TKM Group to focus more effectively on its operations, thereby achieving better results [3]. - TKM Group's strategic goal includes expanding its automotive trade, particularly in developing the sales and service network for KIA and other car brands in the Baltic States, which is the Group's second largest segment in terms of sales revenue and profit [3]. Group 3: Financial Impact - The creation of the subsidiary through the division will not affect the consolidated financial results of TKM Group, and it is not classified as a significant acquisition under Nasdaq Tallinn Stock Exchange Rules [4]. - The restructuring is not expected to have a significant impact on the overall activities of TKM Group [4].