Brief: Refine Group Buys Andy Okay, Divests Browgame
05/03/2026 07:45
March 5 (Reuters) - Refine Group AB (publ) REFINE.ST: SAID ON WEDNESDAY IT HAD ENTERED INTO A CONDITIONAL AGREEMENT TO ACQUIRE 51% OF SHARES IN ANDY OKAY INITIAL PURCHASE PRICE AMOUNTS TO SEK 27 MILLION, OF WHICH SEK 14 MILLION IS TO BE PAID IN CASH REMAINING SEK 13 MILLION SHALL BE PAID THROUGH DIRECTED NEW ISSUE OF 25.5 MLN NEWLY ISSUED SHARES IN CO AT SUBSCRIPTION PRICE OF ABOUT SEK 0.5 PER SHARE ADDITIONAL PURCHASE PRICES OF NO LESS THAN SEK 6.3 MILLION AND NO MORE THAN ABOUT SEK 73 MILLION MAY BE PAYABLE BASED ON ANDY OKAY'S TURNOVER AND EARNINGS ENTERED INTO CONDITIONAL AGREEMENT TO TRANSFER ALL SHARES IN ITS WHOLLY OWNED SUBSIDIARY BROWGAME SWEDEN PURCHASE PRICE AMOUNTS TO SEK 1.9 MLN IT IS ALSO PROPOSED THAT COMPANY'S NAME BE CHANGED TO VETTED ASSETS TO DECIDE ON TWO TARGETED NEW ISSUES OF A TOTAL OF NO MORE THAN 96.6 MLN SHARES AT SUBSCRIPTION PRICE OF SEK 0.1930 PER SHARE Source text for Workspace: nMFNbqBc0r Further company coverage: REFINE.ST (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))