Summary from the Extraordinary Shareholders’ Meeting of Cherry AB (publ)
An Extraordinary Shareholders’ Meeting of Cherry AB was held on June 10, 2016 at 9.00 AM, in the law firm Delphi’s premises, Mäster Samuelsgatan 17, Stockholm. At the meeting it was decided to amend to the articles of association and to issue new shares of class B against payment in kind.
Amendments to the articles of association
In accordance with the proposal from the board of directors, the shareholders’ meeting resolved to amend item 4 and the first sentence in item 5 in the current version of the articles of association. The wording of item 4 is to be changed from ”The share capital shall be not less than SEK 2,090,000 and not more than SEK 8,360,000” to ”The share capital shall be not less than SEK 9,000,000 and not more than SEK 36,000,000”. The wording of the first sentence in item 5 is to be changed from ”The number of shares shall be not less than 3,800,000 shares and not more than 15,200,000 shares” to ”The number of shares shall be not less than 17,000,000 shares and not more than 68,000,000 shares”
Issue of new shares of class B against payment in kind
Further, in accordance with the proposal from the board of directors, the shareholders’ meeting resolved to issue new shares of class B against payment in kind. The issue is a part of Cherry’s acquisition of 49% of the shares and voting rights in Come On Malta Ltd, company registration number C46829 (”ComeOn”). The company’s share capital will thereby increase with SEK 1,595,803.55 by the issuance of 2,901,461 new shares of class B. The right to subscribe for new Shares shall fall upon (i) Prunus Avium Ltd, reg. no. C 75038, (ii) Fiona Holding Ltd, reg. no. C 58489 and Lucid Web Solutions Ltd, reg. no. C 59385, with the right and obligation to pay for the new Shares by contribution of in total 27,195 shares in ComeOn. The new share issue will entail a dilution of approximately 16.81 per cent of the total number of shares in Cherry and approximately 11.06 per cent of the total number of votes in the Cherry. The dilution has been calculated by dividing the number of shares and votes that will be issued with the total number of shares and votes after such an issue.
Complete minutes from the Extraordinary Shareholders’ Meeting can be found on the company’s website: http://cherry.se/en/shareholder-meetings-and-minutes/
This is a translation of the Swedish original.
For further information, please contact:
Fredrik Burvall, CEO Cherry AB (PLC), Telephone +46 8-514 969 52, +46 709 279 632, Email: firstname.lastname@example.org
Cherry in brief
Cherry is a Swedish gaming company established in 1963 specialized in online casinos and lotteries (www.CherryCasino.com, www.EuroLotto.com, www.EuroSlots.com, www.SpilleAutomater.com, www.NordicSlots.com, www.NorgesSpill.com, www.SveaCasino.com, www. SuomiAutomaatti.com, www.Sunmaker.com and www.SunnyPlayer.com), affiliate business through Game Lounge and games development (www.Yggdrasil.com), through subsidiaries in Malta. Cherry is the market leader in casinos in restaurants and nightclubs in Sweden. Cherry employs around 800 people and has more than 3,800 shareholders. The Company's B-shares are listed on AktieTorget.