Increased number of class B shares as result of issue in kind for shares in Almor Holding Ltd
Cherry AB (publ) (Cherry) – STO: CHER-B.ST – has completed the acquisition of 7.5 percent of the shares in Almor Holding Ltd (Almor), in accordance with a resolution by the 2018 Annual General Meeting. As part of the transaction, a directed new share issue of 299,504 class B shares in Cherry AB is carried out.
Cherry announced on 30 April 2018 that the Company resolved to acquire additional 7.5 percent of the shares in the Malta-based company Almor is an operator of onlince casino and sportsbook in primarily German-speaking markets. The purchase consideration consists of a combination of cash and newly issued shares in Cherry. The cash portion amounted to EUR 2,197,089 (corresponding to SEK 21,038,462, based on the European Central Bank’s average reference rate for 2017) and was paid on 8 June 2018. The number of newly issued class B shares amounts to 299,504. The shares are payment for the remainder of the purchase consideration of EUR 2,197,089 and subscribed by the sellers of the shares in Almor. Cherry holds a total of 90 percent of the shares in Almor.
The total number of shares in Cherry amounts to 104,114,009 representing a total of 149,006,009 votes, divided into 4,988,000 class A shares and 99,126,009 class B shares. The total registered share capital in Cherry amounts to SEK 11,452,541. The Company holds none of its own shares.
For further information, please contact:
Christine Rankin, CFO, christine.rankin@cherry.se
Anders Antonsson, IR & Communications: +46 709 994 970, anders.antonsson@cherry.se
This information is information that Cherry AB (publ) is obliged to make public pursuant to the Nasdaq Stockholm Rulebook for Issuers. The information was submitted for publication, through the agency of the contact persons set out above on 14 June 2018, at 2:45 p.m. CET.
CHERRY IN BRIEF
Cherry is a innovative and fast-growing company within gaming, entertainment and media. Established in 1963, today Cherry operates through five diversified business areas: Online Gaming, Game Development, Online Marketing, Gaming Technology, and Restaurant Casino. The Group's 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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