Warrant Program 2014 fully subscribed 2015-02-17 P
Post# of 301275
2015-02-17 PRESS RELEASE At the Extraordinary General Meeting of G5 Entertainment AB (“G5”) held on December 19th2014, it was decided to issue a maximum of 176 000 warrants to managers and senior executives of the G5 group. The Board of G5 then decided to allocate a total of 157 500 warrants to existing employees, keeping 18 500 warrants for potential new recruitments, etc. These 157 500 warrants have now been fully subscribed. Board members with exception of the CEO were not entitled to subscribe. Accordingly, G5 Entertainment AB will issue 157 500 warrants. Each warrant entitles the holder to subscribe to one share in the company at an issue price of 83.33 Kr. The warrant price is 0.40 SEK. The period for the warrants is 3 years and 3 months, and it will be possible to exercise warrants after 3 years. Upon full exercise of the warrants, up to 157 500 shares, which represents approximately two percent of the total number of outstanding shares, will be issued. For further information, please contact: Vlad Suglobov, CEO, investor@g5e.com Odd Bolin, CFO, 46 84 11111 5 The G5 Entertainment group is a developer and publisher of high quality downloadable casual games for iPhone, iPad, Android, Mac, and Windows. G5 Entertainment’s portfolio includes popular casual games like Survivors: The Quest, Mahjong Journey, The Secret Society, Virtual City Playground, Supermarket Mania, and others. G5 Entertainment AB is listed on Nasdaq Stockholm since 2014.