Brief: Fantasma To Acquire Wiener Games

Fantasma Games AB (publ)

16/09/2021 07:41

Sept 16 (Reuters) - Fantasma Games AB (publ)  FAGA.ST :
    * FANTASMA GAMES BUYS GAME STUDIO TO MEET INCREASED DEMAND
    * DEAL SIGNED TODAY IS WORTH EUR 700,000 (EUR 500,000 IN
CASH AND
EUR 200,000 IN NEWLY ISSUED SHARES) ON A DEBT-FREE BASIS
    * CURRENT DEAL MEANS THAT FANTASMA GAMES WILL BE ABLE TO
INCREASE
PACE OF GAME DEVELOPMENT AT SAME TIME AS WIENER GAMES'S
CONSULTING BUSINESS PROVIDES A COMPLETELY NEW REVENUE STREAM
    * DEAL ALSO INCLUDES AN EARN-OUT ARRANGEMENT, BASED ON
FUTURE
RESULTS (EBIT 2021 - 2024), WHICH CAN AMOUNT TO A MAXIMUM OF EUR
1.8 MILLION AND BE PAID EITHER THROUGH NEWLY ISSUED SHARES IN
FANTASMA GAMES OR IN CASH, AS DECIDED BY BUYER
    * CLOSING OF TRANSACTION IS SET FOR OCTOBER 2021 AND IS
SUBJECT TO
CUSTOMARY CLOSING CONDITIONS.

Source text for Eikon:  ID:nWkr6t9Nvk 
Further company coverage:  FAGA.ST 

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