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Hoist Finance AB ( (SE:HOFI) ) has shared an announcement.
Hoist Finance’s Chair of the Board, Lars Wollung, has informed the company’s Nomination Committee that he will not stand for re-election at the Annual General Meeting on 7 May 2026, following a request from the Swedish Financial Supervisory Authority for an assessment of his suitability after two sanction decisions related to delayed transaction reporting and a trading ban violation. Despite his departure, both Wollung and the Nomination Committee highlight significant operational and market improvements during his four-year leadership, including a near fourfold increase in market value and a well-functioning management team, and the committee will present proposals for a new chair and board members ahead of the AGM, signalling a planned and orderly transition for stakeholders.
The most recent analyst rating on (SE:HOFI) stock is a Buy with a SEK124.00 price target. To see the full list of analyst forecasts on Hoist Finance AB stock, see the SE:HOFI Stock Forecast page.
More about Hoist Finance AB
Hoist Finance is a Stockholm-listed asset manager specialising in non-performing loans, acquiring and managing debt portfolios from international banks and financial institutions across 14 European countries. The company also works directly with consumers and small businesses in debt situations to structure long-term sustainable repayment plans, and operates as a regulated credit market company under the supervision of the Swedish Financial Supervisory Authority.
Average Trading Volume: 106,902
Technical Sentiment Signal: Buy
Current Market Cap: SEK9.89B
For detailed information about HOFI stock, go to TipRanks’ Stock Analysis page.