Økonomi

"We have now an average monthly operational cost of DKK 900,000. “This is great”, Henrik Nielsen explains, because the route to profitability is not that long anymore".

Releaseplan:

The coming 5th Planet Games 2020 calendar is filled with game releases. Presently they are as follows:

- Nyjah Huston online casino slot game: Worldwide launch on July 2, 2020
- Doodle Jump: Already soft launched in February 2020 with a revised worldwide launch expected in August 2020
- The Adventures of Tintin: Already soft launched in February 2020 with a worldwide launch expected in September 2020
- Vikings: Expected to go into soft launch in June 2020 with a worldwide launch expected in September 2020

The above deadlines are to the best of our knowledge at the moment and what we are basing our efforts around.

Emisjon:

Maximum number of new shares: 45,000,000
Subscription price: NOK 1.00 per share

Each shareholder will be granted approximately 0,73387 subscription rights (the “Subscription Right) for every existing share held at the date of the AGM, expected on 3 July 2020, as registered in the Norwegian Central Securities Depository (VPS) on 7 July 2020 (the “Record Date).

The minimum amount in the Rights Issue is fully underwritten by a consortium of investors.

Existing Shareholders who do not use their Subscription Rights will experience a dilution (utvannet) of their shareholding in the Company.

Oversubscription and subscription without subscription rights will be allowed.

Formue Nord lånet:

The proceeds from the Rights Issue will be used to pay back the current outstanding convertible loan w/interest to Formue Nord A/S of approximately NOK 7.5 million as well as working capital for development and marketing of the current game pipeline, as well as expanding on the future game portfolio.

The board of directors of the Company finds that termination of the Loan Agreement, combined with a positive resolution on the Rights Issue, is in the best interest of the Company and its shareholders.

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kr 45 000 000 i emisjon.
- kr. 7 500 000 for å nedbetale Formue Nord lån
= kr 37 500 000.

Med kr. 10 800 000 (kr 900 000 x 12) i utgifter pr år sikrer det drift i 3.5 år.

"The proceeds from the Rights Issue will be used to pay back the current outstanding convertible loan w/interest to Formue Nord A/S of approximately NOK 7.5 million as well as working capital for development and marketing of the current game pipeline, as well as expanding on the future game portfolio".