Brief: Ultimate Games Says Kapi Kapi Games EGM To Vote On Its Liquidation

Ultimate Games SA

13/01/2023 06:52

Jan 13 (Reuters) - Ultimate Games SA  ULG.WA :
    * SAID ON THURSDAY THAT EXTRAORDINARY GENERAL MEETING OF
KAPI KAPI
GAMES (KKG) WILL VOTE ON DISSOLUTION AND OPENING LIQUIDATION OF
KAPI KAPI GAMES 
    * SAID MEETING WILL TAKE PLACE ON FEBRUARY 3
    * MANAGEMENT BOARD OF KKG SAID THAT DECISION TO CONVENE THE
EGM IS
DICTATED BY THE CURRENT ECONOMIC AND MACROECONOMIC SITUATION, AS
WELL AS THE LACK OF PROSPECTS FOR OBTAINING FUNDS FOR FURTHER
OPERATIONS
    * DUE TO THE INSIGNIFICANT SHARE OF KKG IN THE FINANCIAL
RESULTS
OF THE ULTIMATE GAMES GROUP, IN THE OPINION OF MANAGEMENT BOARD,
THE LIQUIDATION OF KKG WILL NOT HAVE A SIGNIFICANT IMPACT ON THE
CONSOLIDATED FINANCIAL STATEMENTS

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1mdb4Ta
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