Brief: Ultimate Games Informs About Intention To Liquidate Ultimate Games Marketing

Ultimate Games SA

30/12/2022 06:26

Dec 30 (Reuters) - Ultimate Games SA  ULG.WA :
    * SAID ON THURSDAY THAT THE INFORMATION PROVIDED BY THE
MANAGEMENT
OF ULTIMATE GAMES MARKETING (ULGM) SHOWS THAT THE DECISION TO
CONVENE THE GENERAL MEETING, THE AGENDA OF WHICH WILL INCLUDE,
AMONG OTHERS, ADOPTION OF A RESOLUTION ON THE DISSOLUTION OF THE
ULGM, IS DICTATED BY THE CURRENT ECONOMIC AND FINANCIAL
SITUATION AND THE LACK OF PROSPECTS FOR OBTAINING FUNDS FOR
FURTHER OPERATION OF ULGM
    * ULGM HAS NOT YET ADOPTED A RESOLUTION ON ITS DISSOLUTION
    * DUE TO THE INSIGNIFICANT SHARE OF ULGM IN THE FINANCIAL
RESULTS
OF THE GROUP, IN THE OPINION OF COMPANY'S MANAGEMENT, THE
LIQUIDATION OF THE ABOVE-MENTIONED ENTITY WILL NOT HAVE A
SIGNIFICANT IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS

        
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