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EG7 Receives Approximately SEK 5 Million Through Redemption of Series TO1 Warrants

16 September 2020 - 12:00

EG7 announces that the redemption of series TO1 warrants has contributed approximately SEK 5 million to the Company.

On September 1, 2017, it was decided at the Annual General Meeting to issue a maximum of 667,000 warrants of series TO1. One (1) warrant was required to subscribe for one (1) newly issued share during the period October 5, 2017 to September 1, 2020. All warrants have been redeemed to subscribe for shares in the Company. Subscription of shares in the Company with the support of the warrants has taken place at a price of SEK 7.5. The series TO1 warrants were offered to key employees. No additional warrants have been issued by EG7.

Through the redemption of series TO1 warrants, the number of shares of the Company increases to 35,655,526 shares.

FOR MORE INFORMATION, PLEASE CONTACT:

Robin Flodin, CEO

Phone: +46 70 477 06 34

robin@enadglobal7.com

Alexander Albedj, Chairman

Phone: +46 76 221 30 75

alex@enadglobal7.com

ABOUT EG7

EG7 is a group within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market. Game development departments Toadman Studios and Antimatter Games employ over 100 game developers who develop their own games where EG7 owns the rights and also undertakes development assignments for other publishers around the world. The group's marketing agency Petrol Advertising Inc has so far contributed to the release of at least 1,500 titles, many of which are world famous brands such as Call of Duty, Destiny, Dark Souls and Rage. The group's publishing and distribution company Sold Out Sales & Marketing Ltd through its experts offers both physical and digital publishing and has worked with Team 17, Rebellion and Frontier Developments. The group is headquartered in Stockholm with approximately 200 employees in 8 offices worldwide. The group's business model provides the conditions for close cooperation as well as stable cash flows. The company's strategy is to continue to grow by developing games in its existing offices, and to continue to work its way up the value chain by developing games with its own resources and publishing games on its own.

Nasdaq First North Growth Market Ticker Symbol: EG7

Certified Adviser: Eminova Fondkommission AB, Phone: +46 8 684 211 00

IMPORTANT INFORMATION

This information is information that Enad Global 7 AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on September 16, 2020 at 12:00 CET.

Provided by: Cision
Nasdaq First North GM (Sweden)
Enad Global 7
Enad Global 7 AB operates within the gaming industry developing, marketing, publishing and distributing PC, console and mobile games to the gaming market. The company's game developers develop its own original IP's, as well as act as consultants to other publishers around the world through its game development divisions Toadman Studios and Antimatter Games. In addition, the company's marketing dep...
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