Brief: Hugo Games resolves fully underwritten rights issue of NOK 30 mln

5Th Planet Games A/S

22/06/2016 06:33

June 22 (Reuters) - Hugo Games A/S  HUGOG.OL : 
    * Said on Tuesday it had resolved to conduct fully underwritten rights issue  
    * Subscription price is 1.50 crown per offer share 
    * Says rights issue will result in gross proceeds of 30 million Norwegian crowns ($3.62 
million) 
    * Each existing shareholder will be granted 0.7913224220 subscription rights for every 1 
share held 
    * Subscription period to commence at June 27 at 09:00 hours CEST and end on July 11 at 16:30 
hours (CEST)  
    * Says rights issue proceeds to be used to secure capital for execution of company's 
three-fold strategy, including expansion of its portfolio and marketing activities as well as 
its organization  
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nObirRdm8a 
     
 Further company coverage:  HUGOG.OL   
    
 
 
 
($1 = 8.2985 Norwegian crowns) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))