G Entertainment Group Plc (the “Company”) is pleased to announce that it has received the amount of €500,000 from a strategic investor in line with the restructured subscriptions and investments schedule of the Company, which will be used for the purposes of the Company’s general operation and strategic acquisitions.
The issue and allotment of the new shares to the strategic investor will take place after the listing of bonus shares to the existing shareholders of the Company, as detailed in the Company Announcement dated 30 March 2017.
The new shares will be allotted and issued to the strategic investor at the market price of
the share at the time of the issue. The Board of Directors is already authorized to issue and allot up to 10% of the authorized share capital of the Company to strategic investors pursuant to a resolution approved by the Extraordinary General Meeting of the shareholders of the Company on 24 March 2017.
The issue and allotment of the new shares to the strategic investor will take place after the listing of bonus shares to the existing shareholders of the Company, as detailed in the Company Announcement dated 30 March 2017.
The new shares will be allotted and issued to the strategic investor at the market price of
the share at the time of the issue. The Board of Directors is already authorized to issue and allot up to 10% of the authorized share capital of the Company to strategic investors pursuant to a resolution approved by the Extraordinary General Meeting of the shareholders of the Company on 24 March 2017.
Tuesday, 2 May, 2017 - 17:27