Becomes the largest shareholder in Global Gaming

2020-06-08

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Enlabs informs that the company has entered into agreements with a number of shareholders of Global Gaming 555 AB (Nasdaq: GLOBAL) in which Enlabs has purchased 11,300,000 shares in Global Gaming, for a price of 8 SEK a share. The shares will be paid with 50% in cash settlements and with 50% with new issued shares of Enlabs based on the average volume weighted price of Enlabs shares traded at Nasdaq First North Growth Market the last fifteen days of trade. Enlabs estimate the dilution of these transactions to become approximately 3.5% related to the total number of shares in Enlabs. Prior to these transactions, Enlabs owned 920 028 shares in Global Gaming, making Enlabs total holdings to become 12,220,028 shares representative to 29.9% of the ownership of Global Gaming.

 

For more information, please contact:

Enlabs AB

George Ustinov, CEO and Group president

[email protected] / +371 29424175

Niklas Braathen, Chairman of the Board

[email protected] / +46 70-525 27 77

About ENLABS

Enlabs stands for Entertainment Laboratories. We are a company that creates entertainment through innovative thinking within gaming. The corporate group has offices in Tallinn, Riga, Vilnius, Malta, Marbella, Minsk and Stockholm. The operating subsidiaries hold national licenses for their operations and the Group employs approximately 200 employees. Enlabs AB (NLAB) is listed at Nasdaq First North Growth Market with Redeye AB as Certified Adviser: [email protected], +46 (0)8 121 576 90.  

For more information, visit enlabs.se

ENLABS AB is obliged to publish the above information in accordance with the EU’s Market Abuse Regulation. The information was provided by the above contact person for publication at 16:25 CET on 8 June 2020.

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