Brief: Enad Global 7 Initiates Process To Wind Down Antimatter Games

Enad Global 7 AB (publ)

24/05/2023 06:50

May 24 (Reuters) - Enad Global 7 AB (publ)  EG7.ST :
    * ENAD GLOBAL 7 INITIATES THE PROCESS TO WIND DOWN
ANTIMATTER
GAMES IN THE UK
    * CLOSURE IS LIKELY TO TAKE PLACE DURING THIS SUMMER
    * CLOSURE EXPECTED TO RESULT IN AN ANNUAL COST REDUCTION OF
APPROXIMATELY SEK 50 MILLION
    * EG7 EXPECTS ONE-TIME, NON-RECURRING COSTS IN RANGE OF SEK
15-25
MILLION FOR STUDIO CLOSURE
    * IMPACT ON BALANCE SHEET IS EXPECTED TO BE MINIMAL WITH
INTANGIBLE ASSET WRITE-DOWN FOR I.G.I. ALREADY TAKEN IN Q4 2022

Source text for Eikon:  ID:nMFN5rVpbZ 
Further company coverage:  EG7.ST 

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