Brief: All In! Games To Divest To Its Subsidiary Part Of Company's Enterprise

All In! Games SA

25/11/2022 07:38

Nov 25 (Reuters) - All In! Games SA  ALGP.WA :
    * SAID ON THURSDAY IT HAS DECIDED TO DIVEST ORGANISED PART
OF THE
COMPANY'S ENTERPRISE (INTERNAL DEVELOPMENT TEAM)
    * DIVESTMENT WILL BE IN FORM OF A CONTRIBUTION IN KIND TO
COMPANY'S WHOLLY-OWNED SUBSIDIARY TAMING CHAOS 
    * INTERNAL DEVELOPMENT TEAM INCLUDES AMONG OTHERS,
EMPLOYEES,
KNOW-HOW AND INTELLECTUAL PROPERTY RIGHTS RELATED TO PROJECT OF
GAME UNDER WORKING NAME "PROJECT RUSH" IN VERSION FOR PC AND
CONSOLES
    * OPERATION IS PART OF IMPLEMENTATION OF ONE OF MAIN
OBJECTIVES OF
DEVELOPMENT STRATEGY WHICH IS EXPANSION OF CAPITAL GROUP
    * MANAGEMENT SET THE VALUE OF INTERNAL DEVELOPMENT TEAM AT
15.8
MLN ZLOTYS 
    * DIVESTMENT WILL REQUIRE CONSENT OF COMPANY'S SHAREHOLDERS
IN 
FORM OF RESOLUTION OF EXTRAORDINARY GENERAL MEETING

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMbw1y9ra
 Further company coverage:  ALGP.WA  
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