Decisions of Ordinary General Meeting 06-2020 + more news
https://newsweb.oslobors.no/message/509267
COPENHAGEN, July 3rd, 2020: At the Annual General Meeting held today in 5th Planet Games A/S (the “Company”), the annual Report for the period from 1. January – 31. December 2019 was presented and approved. In addition, the Annual General Meeting decided:
1) To adopt the proposed remuneration for 2020 to the Board of Directors.
2) To discharge from liability the Board of Directors and the Executive Management.
3) To use profit or settlement of loss according to the adopted Annual Report.
4) To re-elect Caspar Rose, Henrik Nielsen and Peter Ekman as members of the Company’s Board of Directors.
5) To re-elect Grant Thornton as the company’s auditor.
6) To grant the Board of Directors an authorization to increase the Company´s share capital with preferential right for the existing shareholders as proposed by the Board of Directors.
Full minutes of the Annual General Meeting are attached to this publication and will be made available on the Company’s website
About 5th Planet Games: About 5th Planet Games: 5th Planet Games is a mobile games developer and publisher located in Copenhagen and Berlin. We cooperate with strong IP´s as the Adventures of Tintin and premium sports brands as Cristiano Ronaldo and Nyjah Huston. We are proud to expand the world of the Vikings TV series, the legendary game Doodle Jump and our own IP Hugo. For more information, see www.5thplanetgames.com or contact CEO Henrik Nielsen +45 27 200 200.
COPENHAGEN, July 3rd, 2020: At the Annual General Meeting held today in 5th Planet Games A/S (the “Company”), the annual Report for the period from 1. January – 31. December 2019 was presented and approved. In addition, the Annual General Meeting decided:
1) To adopt the proposed remuneration for 2020 to the Board of Directors.
2) To discharge from liability the Board of Directors and the Executive Management.
3) To use profit or settlement of loss according to the adopted Annual Report.
4) To re-elect Caspar Rose, Henrik Nielsen and Peter Ekman as members of the Company’s Board of Directors.
5) To re-elect Grant Thornton as the company’s auditor.
6) To grant the Board of Directors an authorization to increase the Company´s share capital with preferential right for the existing shareholders as proposed by the Board of Directors.
Full minutes of the Annual General Meeting are attached to this publication and will be made available on the Company’s website
About 5th Planet Games: About 5th Planet Games: 5th Planet Games is a mobile games developer and publisher located in Copenhagen and Berlin. We cooperate with strong IP´s as the Adventures of Tintin and premium sports brands as Cristiano Ronaldo and Nyjah Huston. We are proud to expand the world of the Vikings TV series, the legendary game Doodle Jump and our own IP Hugo. For more information, see www.5thplanetgames.com or contact CEO Henrik Nielsen +45 27 200 200.
Redigert 19.01.2021 kl 04:25
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03.07.2020 kl 11:37
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https://newsweb.oslobors.no/message/509273
03.07.2020 11:33:33: 33-2020 The convertible Loan Agreement with Formue Nord has been terminated today
COPENHAGEN, July 3rd, 2020: 5th Planet Games A/S (OAX: FIVEPG) is pleased to
announce that the Company has chosen to terminate the convertible Loan Agreement
with Formue Nord Fokus A/S.
Reference is made to the announcement from 5th Planet Games A/S on 11 June 2020
regarding the NOK 35-45 million rights issue in the Company, of which the
minimum amount is underwritten (the "Rights Issue").
Since May 2019 the Company has had a convertible loan agreement with Formue Nord
Fokus A/S (the "Loan Agreement"), which was put on hold on 24 April 2020. As of
today, the general meeting of the Company has approved the Rights Issue and the
board of directors of the Company has chosen to terminate the Loan Agreement.
The board of directors finds that this combined solution is in the best interest
of the Company and its shareholders providing a good capital base and ensuring
sound financing related to the Company's current working capital needs.
In connection with the Rights Issue the Company has entered into a short-term
bridge loan with Formue Nord Markedsneutral A/S to pay back the current
outstanding convertible loan to Formue Nord Fokus A/S of approximately NOK 7
million.
Upon completion of the Rights Issue, the bridge loan will be repaid in full and
the Company will have no outstanding convertible loans or other interest-bearing
debt.
03.07.2020 11:33:33: 33-2020 The convertible Loan Agreement with Formue Nord has been terminated today
COPENHAGEN, July 3rd, 2020: 5th Planet Games A/S (OAX: FIVEPG) is pleased to
announce that the Company has chosen to terminate the convertible Loan Agreement
with Formue Nord Fokus A/S.
Reference is made to the announcement from 5th Planet Games A/S on 11 June 2020
regarding the NOK 35-45 million rights issue in the Company, of which the
minimum amount is underwritten (the "Rights Issue").
Since May 2019 the Company has had a convertible loan agreement with Formue Nord
Fokus A/S (the "Loan Agreement"), which was put on hold on 24 April 2020. As of
today, the general meeting of the Company has approved the Rights Issue and the
board of directors of the Company has chosen to terminate the Loan Agreement.
The board of directors finds that this combined solution is in the best interest
of the Company and its shareholders providing a good capital base and ensuring
sound financing related to the Company's current working capital needs.
In connection with the Rights Issue the Company has entered into a short-term
bridge loan with Formue Nord Markedsneutral A/S to pay back the current
outstanding convertible loan to Formue Nord Fokus A/S of approximately NOK 7
million.
Upon completion of the Rights Issue, the bridge loan will be repaid in full and
the Company will have no outstanding convertible loans or other interest-bearing
debt.
Redigert 03.07.2020 kl 11:37
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