Net Gaming pays additional consideration related to the acquisition of HLM Malta Ltd
As previously announced, Net Gaming Europe AB has acquired HLM Malta Ltd (“Highlight Media”). When the acquisition was finalised on 14 October 2016, Net Gaming paid an initial purchase consideration of SEK 280 million on a cash and debt free basis. In addition to the initial consideration, a maximum of approx. EUR 12.9 million may be paid as additional considerations based on the results for 2016 and 2017.
The first additional consideration has now been fixed at approx. EUR 7,2 million, which the Board of Net Gaming has decided to settle as follows: approx. EUR 5.5 million in cash and the remaining approx. EUR 1.7 million in shares. To this end, the Board of Net Gaming has used the authorisation granted by the AGM on 30 May 2017 to adopt a new issue of 1,544,772 shares, which will increase Net Gaming’s share capital by SEK 401,640.72 from SEK 15,476,499.74 to SEK 15,878,140.46. The seller of Highlight Media has the right to subscribe for new shares at a subscription price of SEK 10.92 which is paid by the seller’s claim on the additional purchase price. The total number of shares in Net Gaming will increase from 59,524,999 to 61,069,771 shares.
For further information, please contact:
Marcus Teilman, President and CEO
+356 9936 7352
Net Gaming Europe AB (publ)
Telephone: +46 8-410 380 44