Brief: Hugo Games buys game studio and restructuring organization

5Th Planet Games A/S

31/03/2017 08:05

March 31 (Reuters) - HUGO GAMES A/S  HUGOG.OL  
    * ACQUISITION OF GAME STUDIO AND RESTRUCTURING ORGANIZATION 
    * ENTERED INTO A SHARE SALE AND PURCHASE AGREEMENT WITH 
FUZZY FROG LTD, LOCATED IN NOTTINGHAM, UK ("FUZZY FROG") 
    * ACQUISITION OF 52.6 PERCENT OF ALL ISSUED SHARES IN FUZZY 
FROG 
    * TRANSACTION WILL, UPON COMPLETION, REPRESENT AN INCREASE 
OF MORE THAN 5% OF REVENUE/ASSETS OF HUGO GAMES 
    * SELLING SHAREHOLDERS IN FUZZY FROG WILL EXCHANGE 52.6% OF 
THE SHARES IN FUZZY FROG AGAINST 4,452,543 SHARES (THE 
"CONSIDERATION SHARES") IN HUGO GAMES 
    * HUGO GAMES A/S - TRANSACTION IMPLIES A VALUE OF ABOUT GBP 
1.0 MILLION (100%) OF FUZZY FROG BASED ON THE HUGO GAMES SHARE 
PRICE AS OF 10 DAYSAVARAGE LISTING PRICE ENDING 30TH MARCH 2017 
 
Source text for Eikon:  ID:nObiBBTsQa  
Further company coverage:  HUGOG.OL  
 
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