Brief: Fragbite Group Pays Final Earnout For Acquisition Of Playdigious

Fragbite AB (publ)

29/09/2023 11:01

Sept 29 (Reuters) - Fragbite Group AB (publ)
 FRAGBI.ST :
    * PAYS FINAL EARNOUT FOR ACQUISITION OF PLAYDIGIOUS
    * AS PREVIOUSLY COMMUNICATED, ACQUISITION AGREEMENT ENTITLES
SELLERS OF PLAYDIGIOUS A MAXIMUM EARNOUT OF EUR 3.5 MILLION
PROVIDED THAT CERTAIN EARNING TARGETS DURING FISCAL YEARS OF
2020/21, 2021/22 AND 2022/23 ARE MET
    * MADE DECISION TO PAY MAXIMUM EARNOUT AMOUNT FOR PERIOD OF
EUR 1
MILLION TO SELLERS OF PLAYDIGIOUS
    * DECIDED ON SET-OFF ISSUE OF TOTAL OF 2,278,353 SHARES IN
FRAGBITE GROUP AT PRICE OF SEK 2.222 PER SHARE

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

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))