Brief: The Board Of Directors In G5 Entertainment Utilizes Authorization Of Issuance Of C-Shares

G5 Entertainment AB (publ)

12/02/2019 21:24

Feb 12 (Reuters) - 
    * THE BOARD OF DIRECTORS IN G5 ENTERTAINMENT UTILIZES
AUTHORIZATION OF ISSUANCE OF C-SHARES, TO ENSURE THE COMPANY'S
OBLIGATIONS UNDER INCENTIVE PROGRAM LTIP 2018
    * G5 ENTERTAINMENT- BOARD OF DIRECTORS HAS RESOLVED TO
UTILIZE
ISSUE AUTHORIZATION BY ISSUANCE OF MAXIMUM 120,000 CLASS C
SHARES TO SWEDBANK
    * ISSUE SHALL BE PERFORMED AT A PRICE OF SEK 0.1
    * G5 ENTERTAINMENT -NUMBER OF SHARES REPURCHASED MAY NOT
RESULT
IN, AT ANY TIME, COMPANY HOLDING MORE THAN 10 PER CENT OF TOTAL
NUMBER OF SHARES IN CO
    * G5 ENTERTAINMENT- BOARD WILL UTILIZE AUTHORIZATION OF
REPURCHASE
BY ACQUIRING ALL ISSUED CLASS C SHARES BY CASH PAYMENT OF 100
PER CENT OF SHARES' QUOTIENT VALUE
    * G5 ENTERTAINMENT- REPURCHASED CLASS C SHARES WILL BE
CONVERTED
IN TO ORDINARY SHARES FOR PURPOSE TO ENSURE DELIVERY OF SHARES
UNDER INCENTIVE PROGRAM
    * G5 ENTERTAINMENT -ACQUISITIONS SHALL BE CONDUCTED AT A
PURCHASE
PRICE CORRESPONDING TO QUOTIENT VALUE OF SHARE

Source text for Eikon:  ID:nWkr6kmXcr 
Further company coverage:  G5EN.ST 

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