The board of directors in G5 Entertainment utilizes authorization of issuance of C-shares, to ensure the Company’s obligations under incentive program LTIP 2018

Extraordinary general meeting on November 7, 2018 in G5 Entertainment AB (publ), reg. no. 556680-8878 (the “Company”), resolved – for the purpose to facilitate the Company’s obligations under the long-term share incentive program LTIP 2018 resolved by the meeting – to authorize the board of directors to resolve on a directed share issue of a maximum 120,000 class C shares, subject to redemption and conversion. The new shares shall, with derogation from shareholders pre-emptive rights, be directed to an assisting bank at a subscription price corresponding to the quotient value of the Company shares.  

Further, the extraordinary 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 120,000 class C shares to Swedbank. 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. 

The board will 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 in to 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 no own ordinary shares or class C shares.