Summary from the Extraordinary Shareholders’ Meeting Cherry AB (publ)
An Extraordinary Shareholders’ Meeting of Cherry AB was held on March 13, 2017 at 10.00 AM, in the law firm Delphi’s premises, Mäster Samuelsgatan 17, Stockholm.
Decision on new share issue
The shareholders in Cherry AB (publ), reg. no. 556210-9909, decided to authorize the board of directors to resolve on issuance of new shares of series B at one or more occasions up to and including the next annual general meeting. Payment can be made in kind. The number of shares in the company may by virtue of this authorization not be increased with more than 3,584,521 new shares of series B. At full exercise, the authorization corresponds to a dilution of approximately 17.2 per cent of the number of shares and approximately 12 per cent of the votes, based on current number of shares and votes in the Company. The purpose of the authorization is for the Board of Directors to carry out the acquisition of the remaining 52 275 shares corresponding to 51 per cent of the total amount of outstanding shares and votes in Come On Malta Ltd, reg. no. C46829.
Cherry intends to pay the remaining 51 percent of the shares in ComeOn Malta Ltd with a combination of new shares
(40 percent) and cash (60 percent).
Board
For the period until the next Annual General Meeting it was decided to elect Claes Ruthberg as a Board member. It was noted that Anders Holmgren will leave the Board and decided that the remuneration will be divided according to the proposal by the Nomination Committee.
The protocol from the extra ordinary shareholder meeting can be found on Cherry’s corporate webpage:
http://cherry.se/bolagsstammor-och-protokoll/
Stockholm in March 13 2017
CHERRY AB (PUBL)
The board of directors
This information is information that Cherry AB (publ) is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication on March 13, 2017 at 15.45 CET.
Translation
This is a translation of the Swedish original.
For further information, please contact:
Rolf Åkerlind, Chairman of the Board, Cherry AB (publ), Mobile +46 708-836 190, email: rolf@akerlind.se or
Anders Holmgren, CEO Cherry AB (publ), Mobile +46 708-607 534, email; anders.holmgren@cherry.se
Gunnar Modalen, Chef IR & Communication Cherry AB (publ), Mobile +46 702-802 636, gunnar.modalen@cherry.se
Cherry in brief
Cherry is a Swedish innovating and fast growing gaming company established in 1963. The business strategy is to create shareholder value by owning and developing fast-growing and profitable businesses within the gaming and casino industry. Cherry operates within five diversified business areas, Online Gaming through Cherry iGaming, Performance-based Marketing through Game Lounge, Gaming Technology through XCaliber. Game Development through Yggdrasil Gaming and Restaurant Casino through Cherry Spelglädje. The objective is to grow organic in combination with strategic acquisitions of fast-growing companies. Cherry employs around 900 people and has more than 5,600 shareholders. The Company’s B-shares are listed on AktieTorget.