Investor relations
Why invest in Boho Group
Investing in Boho Group means becoming part of a growing hotel company focused on the premium segment of the Spanish market. Boho Group offers a unique investment opportunity where you can benefit from the company’s successful concept, Boho Club, which combines hotel and restaurant operations to generate stable and growing revenues.
The company is listed on Nasdaq First North Growth Market in Stockholm, providing investors with easy access to the expansive tourism and hotel market on the Spanish Costa del Sol. Boho Group has demonstrated strong growth and is ambitious in its plans to continue expanding its successful concept, making it an attractive investment for those seeking long-term value growth and stable returns.
Shares
Shares
Boho Group has two outstanding share types in the form of ordinary shares and preference shares. The ordinary and preference shares in Boho Group have been traded on Stockholm’s Nasdaq First North Growth Market since 21 June 2017. The preference share series was previously traded on NGM Nordic MTF.
The two share types allow opportunities for two separate investment approaches. The preference share generates an annual quarterly dividend but has a theoretically limited upside as the company is able to redeem the preference shares at a premium.
A direct investment in a property in Spain can in many cases be perceived as complicated and incur significant transaction costs. An investment in Boho Group’s ordinary shares is an opportunity to expose your share portfolio to Spain’s growing property market, particularly on the Spanish Costa del Sol, which is the location of the company’s existing property portfolio.
Boho Group’s long-term ambition is to consolidate its position in the Spanish property market, and it is the only Swedish property company operating in Spain with shares that can be traded on one of the Swedish marketplaces, including the Stockholm Stock Market, NGM Nordic MTF, Aktietorget, and Nasdaq First North Growth Market.
Certified Adviser
Mangold Fondkommission AB tel. +46 8-503-015-50
Nasdaq First North Growth Market
Nasdaq First North Growth Market is a registered SME growth market, in accordance with the Directive on Markets in Financial Instruments (EU 2014/65) as implemented in the national legislation of Denmark, Finland, and Sweden, operated by an exchange within the Nasdaq group. Issuers on Nasdaq First North Growth Market are not subject to all the same rules as issuers on a regulated main market, as defined in EU legislation (as implemented in national law). Instead, they are subject to a less extensive set of rules and regulations adjusted to small growth companies. The risk in investing in an issuer on Nasdaq First North Growth Market may therefore be higher than investing in an issuer on the main market. All issuers with shares admitted to trading on Nasdaq First North Growth Market have a Certified Adviser who monitors that the rules are followed. The respective Nasdaq exchange approves the application for admission to trading.
investments with a passion
Shareholders
Shareholders
| # | Shareholders - December 31, 2025 | Ordinary Shares | Preference shares | Capital | Votes |
|---|---|---|---|---|---|
| 1 | House Of K Holding Limited | 7,448,110 | 0 | 12.76% | 11.55% |
| 2 | Fastighets Aktiebolag Bränneröd | 7,299,000 | 70,000 | 12.52% | 11.43% |
| 3 | Rocet AB | 5,868,922 | 0 | 10.05% | 9.10% |
| 4 | Egonomics AB | 5,050,000 | 0 | 8.65% | 7.83% |
| 5 | LMK Stiftelsen | 3,500,000 | 1,054,000 | 6.18% | 7.06% |
| 6 | Bosmac Invest AB | 3,587,478 | 0 | 6.15% | 5.56% |
| 7 | SIX SIS AG | 3,282,847 | 0 | 5.62% | 5.09% |
| 8 | Bernt Lundberg Fastigheter Lund AB | 2,426,372 | 0 | 4.16% | 3.76% |
| 9 | Försäkringsaktiebolaget Avanza Pension | 2,242,699 | 759,914 | 3.97% | 4.66% |
| 10 | Daniel Bonnier | 2,051,705 | 10,000 | 3.52% | 3.20% |
| Others | 14,939,872 | 4,875,954 | 26.43% | 30.74% | |
| Total | 57,697,005 | 6,769,868 | 100.00% | 100.00% | |
Corporate goverence
Corporate goverence
2025
Communique from the Extraordinary General Meeting 2025
Notice of Extraordinary General Meeting 2025
Communique from Annual General Meeting 2025
Notice of Annual General Meeting 2025
Proxy Form to Extraordinary General Meeting 2025
Proxy form Annual General Meeting 2025
2024
Proxy Form to Extraordinary General Meeting 2024
Proxy form Annual General Meeting 2024
2023
Complete proposals for decisions – Annual General Meeting 2023
Proxy form Annual General Meeting 2023
Notice of Annual General Meeting 2023
Proxy Form to Extraordinary General Meeting 2023
Notice of Extraordinary General Meeting 2023
2022
Proxy form Annual General Meeting 2022
Notice of Annual General Meeting 2022
Postal voting form – Annual General Meeting 2022
2021
CEO speech ahead of AGM 2021
Proxy form Annual General Meeting 2021
Notice of Annual General Meeting 2021
Postal voting form – Annual General Meeting 2021
2020
Proxy form Annual General Meeting 2020
Notice of Annual General Meeting 2020
2019
Proxy form Annual General Meeting 2019
Notice of Annual General Meeting 2019
2018
Minutes from Annual General Meeting 2018-06-21
Proxy form Annual General Meeting 2018
Notice of Annual General Meeting 2018
2017
Minutes from the Annual General Meeting 2017
Proxy form Annual General Meeting 2017
Notice of Annual General Meeting 2017
Proxy form to extraordinary general meeting
Notice of Extraordinary General Meeting 2017-01-24
2016
Minutes from the 2016 Annual General Meeting
Corporate goverence
Boho Group is a Swedish public property company, with registered offices in Stockholm, whose shares are listed on Nasdaq First North Growth Market in Stockholm. The external framework for corporate governance is the Swedish Companies Act, the Articles of Association and Nasdaq’s rules for issuers on First North. Prior to the listing on First North, which took place in June 2017, the company complied with NGM Nordic MTF’s rules for issuers. The company complies with internal regulations issued by the Board, the most important of which include the Board’s rules of procedure, the CEO instructions and the company’s inside information policy. The company is not obliged to apply the Swedish Corporate Governance Code.
Principles of corporate governance within Boho Group
Corporate governance within Boho Group aims to support the Board of Directors and management in ensuring that all operations create long-term value for shareholders and other stakeholders.
Governance involves upholding:
- an efficient organisational structure;
- risk management and internal control systems; and
- transparent internal and external reporting.
Shareholders and the Annual General Meeting
Shareholders’ influence in the company is exercised at the Annual General Meeting, which is the company’s highest decision-making body. At the AGM, each shareholder votes by right of the number of votes associated with the share type held. Boho Group has two classes of share: ordinary shares carrying ten votes, and preference shares carrying one vote.
Board of Directors:
The company’s Articles of Association state that the Board of Directors shall comprise a minimum of three and maximum of nine members, including the Chairman. The Board currently consists of four ordinary members, including two members who are independent in relation to both the company and company management, as well as the company’s major shareholders. One member is independent in relation to the company and company management, and one member is independent in relation to the company’s major shareholders. The company’s Board of Directors is elected at the AGM. The election of the Board relates to the period extending up to and including the next AGM. The company does not appoint any special committees for auditing or remuneration issues, as the entire Board is engaged in these matters. The Board shall monitor operations and actively support the development of the company. The Board is composed of individuals with expertise and experience in business development, marketing, property and project development, financing and capital market issues. The Chairman of the Board ensures that the Board performs its duties. The Chairman also monitors operations in consultation with the CEO and is responsible for ensuring that other Board members receive the information required in order to facilitate discussion and decisions of high quality. The Chairman is also responsible for evaluating the work of both the Board and the CEO.
Corporate information
Corporate information
Articles of association Boho Group AB (PUBL)
Redemption of warrants series 4 (TO4)
Redemption of warrants series 3 (TO3)
Investor presentation December 2018
Articles of association Quartiers Properties AB (PUBL)
Information regarding completed share issue of 2019
BOARD OF Directors
CHAIRMAN SINCE 2015
Jörgen Cederholm (1961)
Jörgen has more than 25 years of experience in business development in medium and large companies. Jörgen has worked as the Global Information Security Manager at IKEA and has been responsible for leadership and organizational models. In 1987, Jörgen founded the IT company Factum AB, together with a partner and reached annual sales of approximately SEK 150 million and 70 employees. Factum AB was later acquired by the then-listed company Martinsson Informationssystem AB.
OTHER BOARD ASSIGNMENTS (IN SELECTION):
Directly wholly owned, Member of the Board:
• Linnéstaden Förvaltning AB
• Linnéstaden Affärsutveckling AB
• Continium AB
Indirectly co-owned, NOT Board of Directors:
• Rocet AB
Indirectly owned, board member:
• Fastighets AB Bränneröd
• Portvakten Fridhem AB
• Strandängen Bostäder i Bunkelfostrand AB
• Strandängen Bostäder i Trummenäs AB
• Aktiebolaget Uno Bengtsson
• Strandängarna Förvaltning i Skåne AB
• Efficax Förvaltning AB
• Balsam AB
• PortRB AB
• Zantiqo AB
• Öresundsvalvet AB
No ownership, deputy board member:
• Öresundsbyn AB
Board only:
• Bostadsrättsföreningen Guldsmeden i Ängelholm
MAIN EDUCATION:
Jörgen holds an Executive MBA from the School of Economics at the University of Lund.
HOLDING OF SHARES IN THE COMPANY:
6,421,160 ordinary shares and 76,056 preference shares.
Via companies and privately.
INDEPENDENT OF:
Company and company management: yes.
Main shareholders: No
CHAIRMAN SINCE 2015
Jörgen Cederholm (1961)
Jörgen has more than 25 years of experience in business development in medium and large companies. Jörgen has worked as the Global Information Security Manager at IKEA and has been responsible for leadership and organizational models. In 1987, Jörgen founded the IT company Factum AB, together with a partner and reached annual sales of approximately SEK 150 million and 70 employees. Factum AB was later acquired by the then-listed company Martinsson Informationssystem AB.
OTHER BOARD ASSIGNMENTS (IN SELECTION):
Directly wholly owned, Member of the Board:
• Linnéstaden Förvaltning AB
• Linnéstaden Affärsutveckling AB
• Continium AB
Indirectly co-owned, NOT Board of Directors:
• Rocet AB
Indirectly owned, board member:
• Fastighets AB Bränneröd
• Portvakten Fridhem AB
• Strandängen Bostäder i Bunkelfostrand AB
• Strandängen Bostäder i Trummenäs AB
• Aktiebolaget Uno Bengtsson
• Strandängarna Förvaltning i Skåne AB
• Efficax Förvaltning AB
• Balsam AB
• PortRB AB
• Zantiqo AB
• Öresundsvalvet AB
No ownership, deputy board member:
• Öresundsbyn AB
Board only:
• Bostadsrättsföreningen Guldsmeden i Ängelholm
MAIN EDUCATION:
Jörgen holds an Executive MBA from the School of Economics at the University of Lund.
HOLDING OF SHARES IN THE COMPANY:
6,421,160 ordinary shares and 76,056 preference shares.
Via companies and privately.
INDEPENDENT OF:
Company and company management: yes.
Main shareholders: No
BOARD MEMBER SINCE 2023
Merja Rahkola (1966)
Merja Rahkola is a seasoned entrepreneur and board member with extensive experience in sales, marketing, branding and customer experience in retail, hospitality, franchise, and luxury goods and has won several awards for her outstanding achievements in entrepreneurship, such as the Stevie Award for Female Entrepreneur of the Year and the Stevie Award for Best Consumer Concept of the Year. She was also a finalist for the Ernst & Young Entrepreneur of the Year Award and has been named among the Financial Times 1000 fastest growing companies and RLI’s best F&B concept. In addition, Merja is an honorary judge for the largest business competition in Finland, a judge for the respected international competition Stevie Awards and Best Restaurants in Finland. Currently, Merja works as a business coach and board member by helping companies achieve sustainable growth.
Merja Rahkola owns no shares in the Company.
INDEPENDENT IN RELATION TO:
The company and company management: Yes
Major shareholders: Yes
BOARD MEMBER SINCE 2023
Merja Rahkola (1966)
Merja Rahkola is a seasoned entrepreneur and board member with extensive experience in sales, marketing, branding and customer experience in retail, hospitality, franchise, and luxury goods and has won several awards for her outstanding achievements in entrepreneurship, such as the Stevie Award for Female Entrepreneur of the Year and the Stevie Award for Best Consumer Concept of the Year. She was also a finalist for the Ernst & Young Entrepreneur of the Year Award and has been named among the Financial Times 1000 fastest growing companies and RLI’s best F&B concept. In addition, Merja is an honorary judge for the largest business competition in Finland, a judge for the respected international competition Stevie Awards and Best Restaurants in Finland. Currently, Merja works as a business coach and board member by helping companies achieve sustainable growth.
Merja Rahkola owns no shares in the Company.
INDEPENDENT IN RELATION TO:
The company and company management: Yes
Major shareholders: Yes
BOARD MEMBER SINCE 2017
Raouf Lotfi (1968)
Raouf Lotfi is a Spanish/Egyptian national with a bachelor’s degree from AUC (American University) in Cairo. He has an impressive background in the hospitality industry with over 30 years of experience and has opened more than 26 different F&B and leisure concepts around the world. Raouf is currently a member of the Board of Directors of the Lustica Bay Town Association and of Bohoclub Marbella, of which he is one of the conceptual creators of the latter. He is also the founder and co-owner of the well-known Besaya Group in Marbella, which he also manages, and which includes well-known concepts such as Finca Besaya, Tikitano, Besaya Beach, Mamzel and Notablu. Currently acting as Chief Leisure and Hospitality Officer for Lustica Bay Montenegro. Raouf has also completed and achieved Full Diplomat at the French Culinary Institute, FCI.
Raouf Lotfi owns no shares in the Company.
INDEPENDENT IN RELATION TO:
The company and company management: No
Major shareholders: Yes
BOARD MEMBER SINCE 2017
Raouf Lotfi (1968)
Raouf Lotfi is a Spanish/Egyptian national with a bachelor’s degree from AUC (American University) in Cairo. He has an impressive background in the hospitality industry with over 30 years of experience and has opened more than 26 different F&B and leisure concepts around the world. Raouf is currently a member of the Board of Directors of the Lustica Bay Town Association and of Bohoclub Marbella, of which he is one of the conceptual creators of the latter. He is also the founder and co-owner of the well-known Besaya Group in Marbella, which he also manages, and which includes well-known concepts such as Finca Besaya, Tikitano, Besaya Beach, Mamzel and Notablu. Currently acting as Chief Leisure and Hospitality Officer for Lustica Bay Montenegro. Raouf has also completed and achieved Full Diplomat at the French Culinary Institute, FCI.
Raouf Lotfi owns no shares in the Company.
INDEPENDENT IN RELATION TO:
The company and company management: No
Major shareholders: Yes
BOARD MEMBER SINCE 2025
MATTIAS KANETEG (1974)
Mattias Kaneteg is a highly successful entrepreneur and executive with over 30 years of international leadership experience in the technology, real estate, and finance sectors. In 2014, Mattias founded Miss Group, a leading European provider of digital services, which achieved revenues exceeding SEK 1 billion with an EBITDA margin of 45%. Miss Group has been backed by well-known investors such as Claret Capital, BGF, and Perwyn, the latter becoming the primary private equity partner in 2020.
Mattias has also invested in several companies, including Boho Group, and has completed multiple successful exits. At Eye World, Mattias is responsible for leading M&A activities and investor relations, leveraging his proven experience from Miss Group, where he secured three major investors and completed 26 acquisitions.
HOLDINGS OF SHARES IN THE COMPANY:
Mattias owns 7,448,110 ordinary shares via a company.
INDEPENDENT IN RELATION TO:
The company and company management: Yes
Major shareholders: No
BOARD MEMBER SINCE 2025
MATTIAS KANETEG (1974)
Mattias Kaneteg is a highly successful entrepreneur and executive with over 30 years of international leadership experience in the technology, real estate, and finance sectors. In 2014, Mattias founded Miss Group, a leading European provider of digital services, which achieved revenues exceeding SEK 1 billion with an EBITDA margin of 45%. Miss Group has been backed by well-known investors such as Claret Capital, BGF, and Perwyn, the latter becoming the primary private equity partner in 2020.
Mattias has also invested in several companies, including Boho Group, and has completed multiple successful exits. At Eye World, Mattias is responsible for leading M&A activities and investor relations, leveraging his proven experience from Miss Group, where he secured three major investors and completed 26 acquisitions.
HOLDINGS OF SHARES IN THE COMPANY:
Mattias owns 7,448,110 ordinary shares via a company.
INDEPENDENT IN RELATION TO:
The company and company management: Yes
Major shareholders: No
BOARD MEMBER SINCE 2026
Fernando Moreno Carrera (1995)
HOLDINGS OF SHARES IN THE COMPANY:
Fernando Moreno owns 1,386,797 ordinary shares via a company.
INDEPENDENT IN RELATION TO:
The company and company management: Yes
Major shareholders: Yes
BOARD MEMBER SINCE 2026
Fernando Moreno Carrera (1995)
HOLDINGS OF SHARES IN THE COMPANY:
Fernando Moreno owns 1,386,797 ordinary shares via a company.
INDEPENDENT IN RELATION TO:
The company and company management: Yes
Major shareholders: Yes
MANAGEMENT Team
CEO SINCE 1 APRIL 2024
BOARD MEMBER SINCE 2019
ANDREAS BONNIER (1972)
Andreas Bonnier is co-founder of Boho Group and has extensive experience as a serial entrepreneur, with a significant career in company building in international environments. He has many years of experience in building and developing companies, particularly in Sweden, Switzerland and France.
OTHER BOARD ASSIGNMENTS:
In addition to his involvement in Boho Group, Andreas is an active board member of a number of other companies and associations, including DKN Stockholm AB, Bostadsföreningen Kornetten nr 7, and Egonomics AB. He has held positions in, among others, Bonniers Familjestiftelse, Nowonomics AB, Aitellu Technologies AB and Tradevenue AB.
Andreas has also previously been a board member of Boho Group during the period 2014 and 2015-2017.
MAIN EDUCATION:
Andreas holds a Bachelor of Business Administration degree and degrees in international business and marketing from Schiller International University in Paris.
HOLDINGS OF SHARES IN THE COMPANY:
Andreas owns a total of 5,090,670 ordinary shares in the Company, of which 5,090,000 via Egonomics AB and 40,670 shares privately.
INDEPENDENT IN RELATION TO:
The company and company management: No
Major shareholders: No
CEO SINCE 1 APRIL 2024
BOARD MEMBER SINCE 2019
ANDREAS BONNIER (1972)
Andreas Bonnier is co-founder of Boho Group and has extensive experience as a serial entrepreneur, with a significant career in company building in international environments. He has many years of experience in building and developing companies, particularly in Sweden, Switzerland and France.
OTHER BOARD ASSIGNMENTS:
In addition to his involvement in Boho Group, Andreas is an active board member of a number of other companies and associations, including DKN Stockholm AB, Bostadsföreningen Kornetten nr 7, and Egonomics AB. He has held positions in, among others, Bonniers Familjestiftelse, Nowonomics AB, Aitellu Technologies AB and Tradevenue AB.
Andreas has also previously been a board member of Boho Group during the period 2014 and 2015-2017.
MAIN EDUCATION:
Andreas holds a Bachelor of Business Administration degree and degrees in international business and marketing from Schiller International University in Paris.
HOLDINGS OF SHARES IN THE COMPANY:
Andreas owns a total of 5,090,670 ordinary shares in the Company, of which 5,090,000 via Egonomics AB and 40,670 shares privately.
INDEPENDENT IN RELATION TO:
The company and company management: No
Major shareholders: No
CFO
Svante Bengtsson (1971)
Svante Bengtsson assumed the role of CFO of Boho Group in 2026 and has primary responsibility for the company’s financial strategy and reporting. He also plays a central role in structuring, capital planning, and financial governance in preparation for the company’s continued development.
Svante holds a Master’s degree in Business and Economics from the Stockholm School of Economics and has over 20 years of experience in senior positions at listed companies within the real estate sector, such as Fastator and Offentliga Hus, as well as the award-winning cleantech company Rehact.
SHAREHOLDING IN THE COMPANY:
Svante owns 46,000 ordinary shares and 15,100 preference shares.
CFO
Svante Bengtsson (1971)
Svante Bengtsson assumed the role of CFO of Boho Group in 2026 and has primary responsibility for the company’s financial strategy and reporting. He also plays a central role in structuring, capital planning, and financial governance in preparation for the company’s continued development.
Svante holds a Master’s degree in Business and Economics from the Stockholm School of Economics and has over 20 years of experience in senior positions at listed companies within the real estate sector, such as Fastator and Offentliga Hus, as well as the award-winning cleantech company Rehact.
SHAREHOLDING IN THE COMPANY:
Svante owns 46,000 ordinary shares and 15,100 preference shares.
HEAD OF BUSINESS SUPPORT
Maria Cepero (1973)
MARIA CEPERO assumed the role of Head of Business Support in 2022 and previously served as CFO during the period 2018–2022.
Maria has over 20 years of experience in tax, legal and financial aspects and has worked for companies such as Accenture and Symantec. She has also worked for other companies in Costa del Sol; including Xpat Marbella as founding partner, 9 lions residences as CFO and for Uniconta as a consultant.
She is an economist, registered at Malaga Economists Association with a degree in Business & Economic Science by University of Granada, Spain and stays at University of Limerick and Dublin Institute of Technology in Ireland.
No shares in the company
HEAD OF BUSINESS SUPPORT
Maria Cepero (1973)
MARIA CEPERO assumed the role of Head of Business Support in 2022 and previously served as CFO during the period 2018–2022.
Maria has over 20 years of experience in tax, legal and financial aspects and has worked for companies such as Accenture and Symantec. She has also worked for other companies in Costa del Sol; including Xpat Marbella as founding partner, 9 lions residences as CFO and for Uniconta as a consultant.
She is an economist, registered at Malaga Economists Association with a degree in Business & Economic Science by University of Granada, Spain and stays at University of Limerick and Dublin Institute of Technology in Ireland.
No shares in the company
Auditors
HENRIK BOMAN
Öhrlings PriceWaterhouseCoopers AB. Since 2015.
NOMINATING COMMITTEE
The nominating committee for the 2023 Annual General Meeting is comprised of Andreas Bonnier (shareholder representative of Egonomics AB) and Mats Lundberg (as representative of Fastighets Aktiebolag Bränneröd and Mats Invest AB). Mats Lundberg is the chairman of the nominating committee.
Investor contact
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