Selecta receives €50m funding under new credit facility

Cham, Switzerland, 21 January 2025: Selecta Group, a Swiss-based FoodTech leader with a world-class distribution network in Europe, is pleased to confirm receipt of funds under its new €50m credit facility announced on 13 January 2025 following satisfaction of all conditions precedent. The additional funding strengthens Selecta’s liquidity, adding to its cash position of €73m as of 31 December 2024.

Selecta and its advisers continue to hold constructive discussions with the Company’s financial stakeholders to evaluate refinancing options with the goal of ensuring the Selecta Group is best positioned for profitable long-term growth.

Selecta greatly values the strong support provided by its financial stakeholders to date.

Selecta additionally announces the appointment of an independent director, Bob Rajan, to the board of Selecta Group B.V. Mr Rajan was appointed as a member of the board of the Company’s parent, Selecta Group AG, in November 2024 to support Selecta’s ongoing refinancing discussions. He is now also joining the board of the Company in the same capacity. Mr. Rajan is an experienced corporate director, with over 25 years of experience in interim management, management boards and NED positions, advising companies on financial and operational matters. He brings expertise in the consumer, technology and industrial sectors. Mr. Rajan replaces Christian Schmitz, who remains the CEO of Selecta Group and a board member of Selecta’s holding company, Selecta Group AG.