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BRIEF-Hugo Games buys game studio and restructuring organization
March 31, 2017 / 7:12 AM / 6 months ago

BRIEF-Hugo Games buys game studio and restructuring organization

March 31 (Reuters) - HUGO GAMES A/S

* ACQUISITION OF GAME STUDIO AND RESTRUCTURING ORGANIZATION

* ENTERED INTO A SHARE SALE AND PURCHASE AGREEMENT WITH FUZZY FROG LTD, LOCATED IN NOTTINGHAM, UK (“FUZZY FROG”)

* ACQUISITION OF 52.6 PERCENT OF ALL ISSUED SHARES IN FUZZY FROG

* TRANSACTION WILL, UPON COMPLETION, REPRESENT AN INCREASE OF MORE THAN 5% OF REVENUE/ASSETS OF HUGO GAMES

* SELLING SHAREHOLDERS IN FUZZY FROG WILL EXCHANGE 52.6% OF THE SHARES IN FUZZY FROG AGAINST 4,452,543 SHARES (THE “CONSIDERATION SHARES”) IN HUGO GAMES

* HUGO GAMES A/S - TRANSACTION IMPLIES A VALUE OF ABOUT GBP 1.0 MILLION (100%) OF FUZZY FROG BASED ON THE HUGO GAMES SHARE PRICE AS OF 10 DAYS´AVARAGE LISTING PRICE ENDING 30TH MARCH 2017 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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