Brief: Ultimate Games Lowers Stake In UGMobile To 22.56%

Ultimate Games SA

11/05/2023 07:48

May 11 (Reuters) - Ultimate Games SA  ULG.WA :
    * SAID ON WEDNESDAY THAT COMPANY HAS LOWERED ITS STAKE IN
UNIT
UGMOBILE TO 22.56%
    * HENCE STARTING FROM Q1 REPORT UGMOBILE WILL BE QUALIFIED
AS
ASSOCIATE
    * THIS WILL POSITIVELY AFFECT CONSOLIDATED RESULT IN AMOUNT
OF
ABOUT 0.6 MILLION ZLOTYS
    * ABOVE ACTIONS ARE RESULT OF BUSINESS DECISION TO LIMIT
TIES WITH
ENTITIES WITH WHICH COOPERATION IS MARGINAL OR DOES NOT BRING
SPECIFIC BENEFITS

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM462nLXa
 Further company coverage:  ULG.WA  

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