Cherry has approached the choice to secure an extra 7.5 percent of the shares in the Maltese organization Almor Holding Ltd, a main online gambling club and sportsbook business spend significant time in German-talking and some extra European markets. Cherry obtained 75 percent of the shares in Almor in 2015 and after this procurement Cherry possesses 82.5% of the organization. Almor has kept on performing above desires and after some time Cherry holds alternatives to obtain the rest of the shares in the organization.
The price tag for the extra 7.5 percent of the shares in Almor Holding Limited will, as indicated by the assention, be paid in either 1 219 889,50 Euro in real money, or through class B partakes in Cherry AB to the estimation of around 11 717 891,50 SEK, which depends on an understanding between the minority proprietor and Cherry AB. The set share cost is 307 SEK. The rights issue in Cherry AB should be chosen by the shareholders at the Annual General Meeting that will be hung on 16 May 2017. The cost depends on a different of five times the balanced EBIT as indicated by the assention.
Cherry holds the privilege to use its choice to purchase the rest of the shares in Almor inside three years. The rest of the shares will be obtained in light of a numerous of five times EBIT. The data in this public statement is data which Cherry AB is required to unveil under EU Market Abuse Regulation. The data was given by the underneath contact people for production on April 12, 2017.