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    CHP — Cherrypick Games SA News Story

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    Brief: Cherrypick Games Signs Investment Deal With BoomBit And PlayHolding

    Picture of Cherrypick Games SA logoCherrypick Games SA
    21/02/2022 11:58
    Feb 21 (Reuters) - Cherrypick Games SA  CHPP.WA :
    * SIGNS INVESTMENT DEAL WITH BOOMBIT AND PLAYHOLDING ON
COOPERATION IN CREATION AND PUBLISHING OF COMPUTER GAMES UNDER
JV
    * UNDER DEAL COMPANY TO BUY 40% OF STAKE IN PLAYHOLDING FROM
BOOMBIT FOR 3,000 ZLOTYS
    * AFTER TRANSACTION BOOMBIT WILL HOLD 60% STAKE IN
PLAYHOLDING
    * UNDER DEAL COMPANY TO ESTABLISH DESIGN TEAM WITHIN
PLAYHOLDING
    * UNDER DEAL BOOMBIT TO FINANCE PLAYHOLDING OPERATIONS BY
LOANS OF
UP TO 1.2 MILLION ZLOTYS
    * UNDER DEAL BOOMBIT HAS OPTION TO BUY PLAYHOLDING SHARES
OWNED BY
COMPANY IF MILESTONES ARE NOT MET OR LOANS ARE NOT ALLOCATED

Source text for Eikon:  ID:nEM2rd85a 
Further company coverage:  CHPP.WA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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