On
The additional purchase price for the acquisition of Big Blue Bubble was conditional on certain financial covenants being achieved, such as Big Blue Bubble generating a profit of up to 3x EBIT during the financial years 2021 and 2020. A maximum of one third of the additional purchase price could be paid in shares according to the share purchase agreement.
The directed share issue to the sellers in Big Blue Bubble will result in a change in the number of outstanding shares and votes in the Company with 1,026,538 shares, from 87,576,988 shares, to 88,603,526 shares and a change in the share capital by
FOR MORE INFORMATION, PLEASE CONTACT:
Phone: +46 70 065 07 53
ji@enadglobal7.com
Fredrik Rüdén, Deputy CEO and CFO
Phone: +46 733 117 262
fredrik.ruden@enadglobal7.com
ABOUT EG7
EG7 is a group of companies within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market. The company employs 470+ game developers and develops its own original IPs, as well as acts as consultants to other publishers around the world through its game development divisions Daybreak Games, Piranha Games,
Nasdaq First North Growth Market Ticker Symbol: EG7
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IMPORTANT INFORMATION
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https://news.cision.com/enad-global-7-ab--publ-/r/eg7-pays-additional-purchase-remuneration-corresponding-to-approximately-cad-9-million-in-cash-and-s,c3548328
https://mb.cision.com/Main/16500/3548328/1565640.pdf
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