Deferred payment of Game Lounge paid

Cherry has, in accordance with the previous shareholders’ resolution, paid the deferred payment of EUR 2.0 million for 51% of the shares in Game Lounge Ltd. The deferred payment has been paid with EUR 1.2 million in cash and 62,500 series B shares in Cherry AB (publ). The seller of Game Lounge, Tykkox Investments Ltd, has now confirmed that it has received the full deferred payment.

The total number of shares in Cherry AB (publ) is 17,261,075, whereof 997,600 are shares of class A and 16,263,475 are shares of class B, and the total number of votes in the Company is 26,239,475. The total registered share capital in Cherry AB (publ) is SEK 9,493,591.25 Cherry AB does not hold any own shares.

Translation
This is a translation of the Swedish original.

For further information, please contact:

Fredrik Burvall, CEO Cherry AB (publ), Telephone +46 8-514 969 52, +46 709 279 632, Email fredrik.burvall@cherry.se

About Us

Cherry is a Swedish innovating and fast-growing company with operations in gaming, entertainment and media. The company was established in 1963 and today operates through five diversified business areas: Online Gaming, Game Development, Online Marketing, Gaming Technology, and Restaurant Casino. The objective is to grow organically in combination with strategic acquisitions of fast-growing companies. Cherry employs some 1,400 people and has about 6,700 shareholders. The company’s class B share is listed on the Nasdaq Stockholm exchange, Mid Cap segment. More information is available at www.cherry.se.

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