Brief: Fragbite Determines Earnout For Acquisition Of Lucky Kat At Nil

Fragbite AB (publ)

19/08/2024 15:34

Aug 19 (Reuters) - Fragbite Group AB (publ)  FRAGBI.ST :
    * DETERMINED FINAL EARNOUT FOR ACQUISITION OF LUCKY KAT AT
NIL
    * MAXIMUM POTENTIAL EARNOUT WAS RECOGNISED AS A PROVISION OF
EUR 4
MILLION, AN ITEM THAT IS NOW WRITTEN DOWN TO EUR 0,3 MILLION
    * TO WRITE DOWN PROVISION IN COMPANY'S BALANCE SHEET IN TWO
STEPS
    * WRITE-DOWN WILL HAVE IMPACT ON INCOME STATEMENT DURING Q2
2024
OF SEK 41,7 MILLION IN REDUCED PROVISIONS

Source text for Eikon:  ID:nMFN6K6Pl5 
Further company coverage:  FRAGBI.ST 

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