Brief: Movie Games Signs Investment Deal On Unit Pixel Crow Games

Movie Games SA

13/04/2023 08:06

April 13 (Reuters) - Movie Games SA  MOVP.WA :
    * SIGNS INVESTMENT DEAL IN RELATION TO ITS UNIT PIXEL CROW
GAMES
    * UNDER INVESTMENT DEAL, INVESTORS ARE AIMING TO ACQUIRE 60%
OF
PIXEL CROW SHARE CAPITAL
    * MOVIE GAMES PLANS TO SELL PART OF HELD SHARES IN PIXEL
CROW
GAMES TO INVESTORS, WHICH WILL MEAN LOSING CONTROL OVER PIXEL
CROW GAMES
    * CO PLANS TO KEEP 12.5% STAKE IN PIXEL CROW
    * FOLLOWING GAINING CONTROL OVER PIXEL CROW, INVESTORS PLAN
TO
SIGNIFICANTLY EXPAND INTERNAL TEAM AND CREATE HIGH-BUDGET
PRODUCTION
    * INVESTORS ARE THREE NATURAL PERSONS, INCL. KRZYSTOF CZULEC
AND
GRZEGORZ CIACH

Source text for Eikon:  ID:nEM6XFpka 
Further company coverage:  MOVP.WA 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))