Brief: Movie Games Signs Two Deals For Sale of Its Units

Movie Games SA

17/02/2025 06:59

Feb 17 (Reuters) - Movie Games SA  MOVP.WA :
    * SAID ON FRIDAY IT HAD CONCLUDED TWO AGREEMENTS FOR SHARES
SALE
WITH A NATURAL PERSON ASSOCIATED WITH THE GAMEDEV INDUSTRY 
    * AGREEMENTS CONCERN SALE OF SHARES IN NON-PUBLIC COMPANIES
FROM
THE COMPANY'S CAPITAL GROUP, WHICH ARE AN ASSOCIATED COMPANY AND
A SUBSIDIARY
    * FOLLOWING THE TRANSACTION THE GROUP WILL RECOGNISE A LOSS
OF 0.4
MLN ZLOTYS RESULTING FROM LOSS OF CONTROL AND A LOSS OF 0.4 MLN
ZLOTYS ON THE SALE OF SHARES IN ASSOCIATED COMPANIES
    * BOTH LOSSES WILL BE BOOKED IN THE RESULTS OF Q1 2025
    * THE CONCLUSION OF BOTH DEALS IS IN LINE WITH GROUP'S
STRATEGY TO
ORGANISE GROUP'S STRUCTURE 

        
 Source text for Workspace:  urn:newsml:reuters.com:*:nEM3HDdbba
 Further company coverage:  MOVP.WA  

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