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Regulatory press release

G5 Entertainment AB: The board of directors in G5 Entertainment utilizes authorization of issuance and repurchase of shares, to ensure the Company's obligations under incentive program LTIP 2019

G5 Entertainment
Read the release

Further, the annual general meeting resolved to authorize the board of directors to resolve on repurchase of all issued class C shares by a directed offer to all holders of class C shares. The number of shares repurchased may not result in, at any time, the Company holding more than 10 per cent of the total number of shares in the Company. The acquisitions shall be conducted at a purchase price corresponding to the quotient value of the share. 

The board of directors has resolved to utilize the issue authorization by issuance of maximum 140,000 class C shares to Swedbank AB (publ). The issue shall be performed at a price of SEK 0.1, corresponding to the shares' quotient value at the time of the issue, and shall be subscribed within three weeks from the resolution date of the issue. The board of directors may extend the subscription period. 

Further, the board has resolved to utilize the authorization of repurchase by acquiring all issued class C shares by cash payment of 100 per cent of the shares' quotient value, corresponding to SEK 0.1 per share. Repurchase of class C shares shall be executed when the class C shares have been registered. 

The repurchased class C shares will be converted into ordinary shares for the purpose to ensure delivery of shares under the incentive program. At the date of announcement of this press release, the Company holds 120,000 own class C shares. 

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