19.1.2022 13:07:20 CET | Play Magnus AS | Additional regulated information required to be disclosed under the laws of a member state
(Oslo, 19 January 2022) – The extraordinary general meeting of Play Magnus AS held today at 10:00 CET has successfully been completed at which the announced private placement towards Breakthrough Initiatives Limited for the total amount of USD 10 million was resolved against the issuance of a total of 4,864,753 new shares.
The total number of new shares outstanding in Play Magnus AS following the private placement will be 61,452,722 shares.
In addition the extraordinary general meeting elected Mr. Leonid Solovyev as a new member to the board of directors.
For corporate law and accounting reasons the valuation date of the share capital contribution in US Dollars had to be adjusted from the 21st to the 22nd December 2021 which means the USD/NOK exchange rate changed to USD/NOK 8.9030. As a result the subscription price per share in Norwegian kroner had to be adjusted to NOK 18.30 as opposed to NOK 18.47 as previously announced. The total amount in USD (USD 10,000,000), the number of new shares (4,864,753) and the subscription price per share in US Dollars remain unchanged.
The signed minutes from the extraordinary general meeting are attached hereto.
Disclosure regulation
This release is an announcement issued pursuant to legal information obligations and is subject of the disclosure requirements pursuant to the Market Abuse Regulation (MAR) Article 17 no. 1 and section 5-12 of the Norwegian Securities Trading Act, and was submitted for publication by Arkus Fredriksson, Chief Strategy Officer of Play Magnus Group.
Contacts
Dmitri Shneider, CFO, Play Magnus Group, dmitri@playmagnus.com
Investor Relations, ir@playmagnus.com
About Play Magnus AS
Play Magnus Group is a global leader in the chess industry focused on providing premier digital experiences for millions of chess players and students. The company offers elearning and entertainment services via its market leading brands: chess24, Chessable, iChess, New In Chess, Everyman Chess, Silver Knights, CoChess, Aimchess, the Play Magnus App Suite, and the Meltwater Champions Chess Tour. The Group’s mission is to grow chess to make the world a smarter place by encouraging more people to play, watch, study, and earn a living from chess.
Play Magnus Group is listed on Euronext Growth Oslo under the ticker PMG. For more information visit pmg.me.
Attachments
Download announcement as PDF.pdf
Play Magnus Group EGM 19 January 2022 Minutes.pdf