Brief: Crunchfish Writes Down Blippit Shares

Crunchfish AB

16/02/2022 17:06

Feb 16 (Reuters) - Crunchfish AB  CFISH.ST :
    * CRUNCHFISH WRITES DOWN BLIPPIT SHARES
    * BLIPPIT AB IS A JOINT VENTURE BETWEEN CRUNCHFISH AB AND
CLEARON
AB
    * BLIPPIT AB HAS EXCLUSIVE RIGHTS UNTIL YEAR-END 2023 TO
SELL
BLIPPIT APP TERMINAL IN RELATION TO MOBILE PAYMENT APPS TO POS
TERMINALS
    * CRUNCHFISH SEES POTENTIAL IN BLIPPIT AS AN INTEGRAL PART
OF
DIGITAL CASH, BUT IT DOES NOT WARRANT A DEDICATED TEAM OR FOCUS
    * DECIDED TO MAKE AN EXTRAORDINARY WRITE-DOWN OF SHARE VALUE
OF
BLIPPIT AB IN CRUNCHFISH BALANCE SHEET TO ZERO
    * WRITE-DOWN HAS A ONE-TIME NEGATIVE IMPACT OF SEK 7.6
MILLION ON
CRUNCHFISH'S Q4 2021 FINANCIALS

Source text for Eikon:  ID:nWkr5KSQkt 
Further company coverage:  CFISH.ST 

 ((Reuters.Briefs@thomsonreuters.com;))