G5 Entertainment AB: Postponement of warrant issue
2014-07-21 PRESS RELEASE
The board of G5 Entertainment AB (G5) has decided to postpone the issue of new warrants to employees that was resolved during the annual general meeting on May 20.
The board has concluded that considering the development of the price of the G5 share since the annual general meeting, the terms of the issue have become such that its purpose, namely to offer key employees an attractive yet affordable incentive to contribute to the company’s long-term success, won’t be achieved as intended.
The board intends to make a new proposal for an issue of warrants with updated terms, for the shareholders to approve later during the fall.
For further information, please contact:
Vlad Suglobov, CEO, email@example.com
Odd Bolin, CFO, 46 70 428 3173
The G5 Entertainment group is a developer and publisher of high quality downloadable casual games for iPhone, iPad, Android, Mac, and Windows 8. G5 Entertainment’s portfolio includes popular casual games like The Secret Society, Virtual City Playground, Supermarket Mania, Special Enquiry Detail, Stand O’Food, and Mahjongg Artifacts. G5 Entertainment AB is listed on the Aktietorget stock exchange in Stockholm since 2008.