Brief: Spiffbet AB - Acquires Casino Operator Manisol

Byhmgard publ AB

11/03/2021 15:57

March 11 (Reuters) - Spiffbet AB  SPIFF.ST :
    * SPIFFBET AB - ACQUIRES CASINO OPERATOR MANISOL WITH BRANDS SCANDIBET AND TURBOVEGAS
    * SPIFFBET AB - ACQUISITION IS EXPECTED TO BOOST CO'S CASINO REVENUE BY MORE THAN 50%
    * SPIFFBET AB - ACQUISITION PRICE CORRESPONDS TO SEK 30 MILLION ON DEBT-FREE BASIS
    * SPIFFBET AB - POTENTIAL ADDITIONAL PURCHASE PRICE IS OF SEK 6 MILLION
    * SPIFFBET AB - CARRIES OUT DIRECTED SHARE ISSUE OF SEK 41 MILLION
    * SPIFFBET AB - TO ISSUE TOTAL OF 109.5 MILLION NEW SHARES, CORRESPONDING TO DILUTION EFFECT
OF UP
TO 32.6%
    * SPIFFBET AB - INITIAL PURCHASE PRICE FOR ACQUISITION IS PAID IN FORM OF PROMISSORY NOTE TO
SELLERS OF SEK 19.1 MILLION
    * SPIFFBET AB - IN ADDITION, CO TAKES OVER LIABILITIES OF SEK 10.9 MILLION

Source text for Eikon:  ID:nWkr5FfrLz 
Further company coverage:  SPIFF.ST 

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