World of Adventures™

June 09, 2020

The board of directors of G5 Entertainment utilizes authorization of repurchase of own ordinary shares

The board of directors of G5 Entertainment AB (publ) (the "Company" or "G5 Entertainment") has resolved to initiate repurchase of ordinary shares through authorization by the Annual General Meeting in the Company on 8 June 2020. The purpose with the authorization is to provide the Board with greater possibilities to adapt the capital structure of the Company to the capital requirement from time to time and thus be able to contribute to increased shareholder value. In addition, the authorization intends to enable the board to transfer shares in connection with acquisitions of companies through payment in the form of the Company's own shares or to use repurchased shares to settle the Company’s long term incentive program which entails a lower future dilution.

Repurchase of ordinary shares may be executed, on one or several occasions, until the end of the next annual general meeting in the Company. However, the holding of own shares may not at any time correspond to more than ten (10) percent of the total number of shares in the Company. At the time of this press release the Company already holds 260,000 own class C shares and 273,850 ordinary shares and may repurchase a maximum of 394,285 ordinary shares. Repurchase shall be made at a price per share within the price range of Nasdaq Stockholm at any given time, which means the interval between the current highest purchase price and the lowest selling price published on a regular basis by Nasdaq Stockholm. Payment for the shares shall be paid in cash.

G5 Entertainment has instructed ABG Sundal Collier AB to repurchase ordinary shares on behalf of the Company.

At the date of announcement of this press release, the Company holds 260,000 own class C shares and 273,850 own ordinary shares, corresponding to 5.75 percent of the total number of shares in the Company.

For additional information, please contact:
Stefan Wikstrand, CFO, +46 76 00 11 11 5

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June 08, 2020

Bulletin from the Annual General Meeting 2020 in G5 Entertainment AB (publ)

The Annual General Meeting of G5 Entertainment AB (publ) was held at 7a Conference Center, Strandvägen 7a in Stockholm, on June 8, 2020.

Petter Nylander was elected chairman of the meeting. Due to traveling restrictions caused by covid-19, a video presentation was given by the CEO Vlad Suglobov of the 2019 financial year and the current status of G5 Entertainment AB (publ).

The meeting, amongst other things, decided on the following matters:

Directors of the Board and remuneration to the Board of directors

Petter Nylander, Jeffrey Rose, Vlad Suglobov (CEO), Johanna Fagrell Köhler and Stefan Lundborg were re-elected as directors of the Board and Marcus Segal was appointed as new director. Petter Nylander was appointed chairman of the Board.

It was resolved that the remuneration to the Board should comprise of SEK 450,000 to the chairman and SEK 250,000 each to the other directors appointed by the general meeting and that is not employed by the company. It was also resolved that fees, in addition to directors' fees, shall be paid to the members of the company's Audit Committee and Compensation Committee. The fee to the chairman of the Audit Committee shall amount to SEK 80,000 and SEK 50,000 each, to be paid to the other members of the Audit Committee and the fee to the chairman of the Compensation Committee shall amount to SEK 50,000 and SEK 30,000 each to be paid to the other members of the Compensation Committee.

Dividend

The meeting approved to pay a dividend of SEK 2.50 per share, in total SEK 22,553,375, and that the remaining earnings, in total SEK 145,432,625, be carried forward, as proposed by the Board. Payment from Euroclear Sweden is estimated to be made on June 15, 2020.

Discharge from liability

The meeting decided to discharge the Board and the CEO from liability for the financial year 2019.

Auditor

The meeting resolved to appoint PwC as audit firm with Aleksander Lyckow as auditor-in-charge for the period until the end of the next Annual General Meeting. The meeting also resolved that remuneration to the auditor shall be paid according to current account and approved invoices.

Nominating Committee

The meeting approved the Nominating Committee's proposal regarding the composition of the Nominating Committee.

Remuneration to senior executives

The meeting resolved to adopt the Board’s proposal for guidelines for remuneration to senior executives.

Performance based long-term share program for executive management and key employees

It was resolved to implement a performance based, long-term incentive program for the executive management and key employees of the Company and its subsidiaries ("LTIP 2020"). The program is share-based include approx. 140 persons. The vesting period amounts to approx. 3 years. Following the end of the vesting period, the participants will be allotted ordinary shares in the Company free of charge, provided that certain performance conditions have been satisfied. Allotment of shares under LTIP 2020 requires that the participants remain employed by the Company or any of its subsidiaries during the entire vesting period. In addition, certain performance levels related to the development in the total shareholders’ return on the Company’s ordinary share ("TSR") must be reached. For allotment to take place, the TSR must exceed 95 per cent for the entire vesting period, corresponding to 25 per cent per year. Maximum allotment is awarded if the TSR reach or exceed 205 per cent for the entire vesting period, corresponding to 45 per cent per year.

No more than 160,000 ordinary shares may be allotted to the participants of LTIP 2020, corresponding to a dilutive effect of 1.77 per cent. The total costs for LTIP 2020 are estimated to approx. SEK 10,395,823 at maximum allotment.

The purpose of LTIP 2020 is to increase the possibilities to recruit and retain competent employees and to increase the commitment and the motivation of the program participants and to strengthen the participants’ ties to the G5 group and its shareholders.

To secure delivery of shares under LTIP 2020, it was resolved, as set forth below, to authorize the Board of Directors to resolve on a directed issue of class C shares, to authorize the Board of Directors to resolve on acquisition of own class C shares and to transfer own ordinary shares to the participants of LTIP 2020.

Performance based long-term share program for the CEO

It was resolved to invite the company CEO, who is also a director of the Board, to participate in LTIP 2020. The CEO may be allotted no more than 10,000 shares of the 160,000 shares offered under LTIP 2020.

Authorization for the Board to resolve on the issuance of class C shares

The meeting resolved to authorize the Board of Directors during the period until the end of the next Annual General Meeting, on one or more occasions, to increase the company’s share capital through issuance of not more than 160,000 class C shares. With derogation of the shareholders' pre-emption right, a bank shall be entitled to subscribe for the new class C shares at a subscription price corresponding to the quotient value of the shares. The purpose of the authorization and the reason for the derogation from shareholders' pre-emption rights in connection with the issue of class C shares is to secure delivery of shares to participants in LTIP 2020.

Authorization for the Board to resolve to acquire own class C shares

The meeting resolved to authorize the Board of Directors during the period until the end of the next Annual General Meeting to, on one or more occasions, acquire own class C shares. The acquisitions may only be effected through a public offer directed to all holders of class C shares and shall comprise all outstanding class C shares. The number of shares acquired may not result in the Company holding at any time more than 10 per cent of the total number of shares in the Company. The acquisitions shall be conducted at a purchase price corresponding to the quotient value of the share. Payment for the class C shares shall be made in cash. The purpose of the authorization is to secure delivery of shares to participants in LTIP 2020.

Transfer of own ordinary shares

The meeting resolved to transfer no more than 160,000 ordinary shares in the Company (or such higher number of ordinary shares that may follow from a recalculation resulting from a bonus issue, split, preferential issue or similar measures). The ordinary shares shall be transferred, free of charge, to participants in LTIP 2020, who according to terms and conditions for LTIP 2020, are entitled to receive ordinary shares in the Company and in accordance with the other conditions for LTIP 2020. The reasons for the deviation from the shareholders’ pre-emption right is that the transfer of shares is part of the execution of LTIP 2020.

Authorization for the Board to resolve on the issuance of ordinary shares

The meeting resolved to authorize the Board of Directors during the period until the end of the next Annual General Meeting, on one or more occasions, to resolve on issuance of ordinary shares. Payment may be made in cash, in kind, through a set-off, or on conditions following from Chapter 2, Section 5 of the Swedish Companies Act.

The number of shares issued pursuant to this authorization must correspond to a maximum of ten (10) percent of the share capital consisting of ordinary shares issued at the time of the 2020 Annual General Meeting.

Authorization for the Board to resolve on acquisition and transfer of own ordinary shares

The meeting resolved to authorize the Board for the period until the end of the next Annual General Meeting to, on one or more occasions, decide of acquisition and transfer of the company’s own ordinary shares in accordance with certain terms and conditions. The authorization is intended to provide the Board with greater possibilities to adapt the capital structure of the company to the capital requirement from time to time and to enable the Board to transfer shares in connection with acquisitions of companies through payment in the form of the company's own shares.

Repurchase of warrants under the options program 2017/2020

The meeting resolved to authorize the Board, until the end of the next Annual General Meeting, on one or more occasions, to resolve to repurchase warrants issued by the Annual General Meeting 2017. The price for the repurchase of warrants shall correspond to the market value.

Resolution to amend the Articles of Association

The meeting resolved to amend the Articles of Association according to the proposal from the Board of Directors. 

Resolutions on the reduction of the share capital by way of cancellation of own shares and increase of the share capital by way of bonus issue

The meeting resolved to reduce the share capital by way of cancellation of own shares which have been repurchased by the board of director based on the authorization given at the annual general meeting in 2019. The reduction of the share capital shall be made with SEK 17,800 by way of cancellation of 178,000 shares.

The meeting also resolved to increase the share capital by way of a bonus issue with an amount corresponding to SEK 17,800, which equals the amount the share capital is reduced with by way of cancellation of shares, as set out under section above. The bonus issue shall be carried out with the amount being transferred from unrestricted equity without the issuance of new shares.

For additional information please contact:
Stefan Wikstrand, CFO, +46 76 00 11 115

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June 05, 2020

G5 Entertainment releases Jewels of Egypt: Match Game

G5 Entertainment announces the release of its new free-to-play Match-3 puzzle game, Jewels of Egypt, now available globally in the Apple App Store, Amazon Appstore, Google Play and Microsoft Windows Store. 

In Jewels of Egypt, players travel back in time to the Nile Delta settlement to help the Pharaoh restore and rebuild an Egyptian empire back to its majestic pyramids, temples, palaces and obelisks. With a unique combination of city-building and Match-3, players can enjoy an adventure-filled storyline full of intrigue, historical events, tales and myths inspired by the colorful and vibrant setting of Ancient Egypt.

As with all new G5 games, Jewels of Egypt has G5 Friends network built-in, making it possible to play with friends.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Stefan Wikstrand, CFO, +46 76 00 11 115

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May 19, 2020

G5 Entertainment releases Crime Mysteries Match 3 in Canada

G5 Entertainment announces the release of its new free-to-play Match-3 puzzle, Crime Mysteries: Match-3, now available in the Apple App Store and currently limited to Canada only.

The Match-3 puzzle game features thousands of puzzle-solving levels with the aim of unraveling homicide mysteries and restoring law and order in Los Angeles. In this game, players can enjoy immersive gameplay and an engaging storyline as they investigate mysterious crimes and interact with intriguing characters. As players are challenged to use their detective skills by inspecting troubling murder scenes and cracking captivating cases, they can enjoy stunning graphics and landmark locations inspired by the City of Los Angeles.

As with all new G5 games, Crime Mysteries Match 3 has G5 Friends network built-in, making it possible to play with friends.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Stefan Wikstrand, CFO, +46 76 00 11 115

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May 10, 2020

Notice to Annual General Meeting

Notice has today been issued to the Annual General Meeting of G5 Entertainment AB (publ.) (the "Company"), reg. no 556680-8878. The AGM will be held at 08.30 am (CEST) on Monday June 8, 2020, at 7a Conference center, Strandvägen 7a, Stockholm, Sweden. Registration begins at 8.00 am (CEST).

Shareholders who wish to attend the annual general meeting must:

  • be recorded as shareholders in the share register maintained by Euroclear Sweden AB on Monday June 1, 2020;
  • no later than Monday June 1, 2020, preferably before 4 pm (CEST), have given notice of their participation and potential assistants to G5 Entertainment AB, Birger Jarlsgatan 18, 3 tr, 114 34 Stockholm or by e-mail to agm@g5e.se, stating full name, personal identification number or registration number, address, day-time phone number and, when applicable, information regarding any representative, proxy and/or a maximum of two assistants.

The entire notice is available at the Company’s website (http://www.g5e.com/corporate). It will also be sent free of charge by mail to those shareholders who contact the Company on any of the above ways and asks for summons by mail and provide an address.

More information about the Company can be found on www.g5e.se/corporate.

For additional information please contact:
Stefan Wikstrand, CFO, +46 76 00 11 115

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May 05, 2020

Interim Report January – March 2020

January – March 2020

"It has been a unique and challenging quarter for companies around the world with the COVID-19 virus pandemic. We are fortunate to be able to say G5 continued to deliver on its strategy during the first three months of the year, delivering sustainable and profitable growth through our active management and our diversified game portfolio," said Vlad Suglobov, CEO of G5 Entertainment. "During March we saw a strong increase in overall downloads for our portfolio. We believe this is connected to the introduction of the lockdown policies in numerous countries around the world where our games are available. The increase is quite substantial: we saw a jump of more than 50 percent in one week sequentially at its peak, and so far, the boost looks sustainable and bodes well for the second quarter."

  • Revenue for the period was SEK 312.0 M (306.1), an increase of 2 per cent compared to 2019.
  • EBIT for the period was SEK 38.8 M (39.9), a decrease of 3% compared to the same period in 2019. EBIT was positively impacted with SEK 10.0 M (0.5) due to re-evaluation of operational assets and liabilities in connection with the strengthening of USD.
  • Net result for the period was SEK 33.5 M (35.9).
  • Earnings per share for the period, before dilution, was SEK 3.72 (3.99).
  • Cash flow amounted to SEK 30.1 M (-0.5).
  • For the free-to-play games the average Monthly Active Users (MAU) was 6.3 million, a decrease of 8 per cent compared to the same period in 2019. Average Monthly Unique Payers (MUP) was 213.3 thousand, a decrease of 14 per cent and average Daily Active Users (DAU) was 1.7 million, a decrease of 8 per cent compared to the same period in 2019. Average Monthly Average Gross Revenue Per Paying User (MAGRPPU) was USD 50.7, an increase of 14 percent compared to the same period last year.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Stefan Wikstrand, CFO, +46 76 00 11 115

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April 30, 2020

G5 Entertainment releases Hawaii Match-3 Mania in Canada and Australia

G5 Entertainment announces the release of its new free-to-play Match-3 puzzle, Hawaii Match-3 Mania, now available in the Apple App Store and currently limited to Canada and Australia.

In Hawaii Match-3 Mania, players embark on a journey to rebuild and redesign a damaged beach mansion after its destruction following a hurricane in tropical Hawaii. In this game, players can enjoy the unique blend of Match-3, building, design and an engaging storyline as they decorate rooms and restore a mansion set in the picturesque paradise Island.

Vlad Suglobov, CEO, said: "With COVID-19 roaming the planet, we tried to move up some newer game releases to give our users as much entertainment as we can during these troubling times. We have noticed a surge in downloads which tells us that people are looking for entertainment, and G5’s mission is about delivering it to our users."

As with all new G5 games, Hawaii Match-3 Mania will have the G5 Friends network built-in, making it possible to play with friends.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Stefan Wikstrand, CFO, +46 76 00 11 115

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April 10, 2020

G5 Entertainment partners with games industry in the #PlayApartTogether campaign

G5 Entertainment has partnered with games industry peers to disseminate key messages from the World Health Organization to help slow the spread of COVID-19.

The #PlayApartTogether campaign encourages players to follow the WHO health guidelines and adopt healthy practices to help protect their health, families and communities.

G5's CEO, Vlad Suglobov said "Games can be a force for good. This has been our vision at G5 Entertainment since we started almost 20 years ago. Our puzzle games entertain millions of users each month and they are free-to-play. We see that during times of stress our players find relief in our adventures and they engage and connect with fellow players through our games. The reviews we receive praise our games for keeping players entertained and for challenging their logic and puzzle skills. These are difficult times for us all, and through this initiative we can do our part and #PlayApartTogether. If games can help some people get through this, it is the best reward for us as game developers."

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Stefan Wikstrand, CFO, +46 76 00 11 115

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March 27, 2020

G5 Entertainment releases Jewels of The Wild West for worldwide pre-order

G5 Entertainment announces the availability of its new free-to-play Match-3 puzzle, Jewels of The Wild West for pre-order in the Apple App Store.

The game is a unique combination of city-building and Match-3 that features thousands of puzzle-matching levels with the aim of restoring and reconstructing Colinstown, a troubled outpost in the Old West. In this game, players can enjoy a captivating storyline and engage with charismatic townspeople set in an adventure-filled Western themed town inspired by the history and tales of the Wild West.

As with all new G5 games, Jewels of the Wild West will have the G5 Friends network built-in, making it possible to play with friends.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Stefan Wikstrand, CFO, +46 76 00 11 115

PDF

March 27, 2020

The board of directors of G5 Entertainment utilizes authorization of repurchase of own ordinary shares

The board of directors of G5 Entertainment AB (publ) (the "Company" or "G5 Entertainment") has resolved to initiate repurchase of ordinary shares through authorization by the Annual General Meeting in the Company on 8 May 2019. The purpose with the authorization is to provide the Board with greater possibilities to adapt the capital structure of the Company to the capital requirement from time to time and thus be able to contribute to increased shareholder value. Further, the purpose of the authorization is to enable the Company to continuously adapt its capital requirements and enable the Board to transfer shares in connection with acquisitions of companies through payment in the form of the Company's own ordinary shares. 

Repurchase of ordinary shares may be executed, on one or several occasions, until the end of the next annual general meeting in the Company on 8 June 2020. However, the holding of own shares may not at any time correspond to more than ten (10) percent of the total number of shares in the Company. Since, the Company already holds 260,000 own class C shares, the Company may repurchase a maximum of 668,135 ordinary shares. Repurchase shall be made at a price per share within the price range of Nasdaq Stockholm at any given time, which means the interval between the current highest purchase price and the lowest selling price published on a regular basis by Nasdaq Stockholm. Payment for the shares shall be paid in cash.

G5 Entertainment has instructed ABG Sundal Collier AB to repurchase ordinary shares on behalf of the Company.

At the date of announcement of this press release, the Company holds 260,000 own class C shares and 0 own ordinary shares, corresponding to 2.8 percent of the total number of shares in the Company. 

For additional information, please contact: 
Stefan Wikstrand, CFO, +46 76 00 11 11 5

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March 10, 2020

G5 once again named one of Europe’s fastest-growing companies

G5 Entertainment has been named as one of Europe’s fastest growing companies for the fourth consecutive year, according to the Financial Times FT1000 2020 report.

The report, published by the Financial Times in partnership with Statista, one of the world’s leading statistics portals, lists the companies in 31 European countries that have achieved the highest annual growth rates in revenue between 2015 and 2018.

"It’s a privilege to once again make it into the FT1000 list and be recognized for the tremendous growth we have achieved over the years," said Vlad Suglobov, CEO of G5 Entertainment.

"G5 was included in Deloitte Technology Fast 50 Sweden for 6 years in a row and was most recently named the 2nd best share of the decade by Placera in Sweden. These ratings highlight long-term growth and long-term value creation, something that G5 has been consistently delivering with our portfolio approach. Our games provide low-cost entertainment to millions of players, which they can enjoy in the comfort of their homes. With the increased traction of our games at the end of the last year, a promising start of this year, and five upcoming new game released in 2020, we are well-prepared to continue delivering on our strategy in the years to come."

The latest FT1000 list of Europe’s fastest-growing companies is available here:
https://www.ft.com/reports/europes-fastest-growing-companies

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Stefan Wikstrand, CFO, +46 76 00 11 115

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February 20, 2020

G5 Entertainment releases Jewels of Mahjong

G5 Entertainment announces the release of its new free-to-play mahjong solitaire game, Jewels of Mahjong, now available globally in the Apple App Store, Google Play and Microsoft Store.

Jewels of Mahjong features hundreds of tile-matching levels with the aim of restoring and reconstructing a Roman Empire settlement. In this game, players can enjoy a combination of innovative gameplay and adventurous captivating storyline full of twists and turns surrounded by scenic historical buildings and landmarks inspired by Ancient Rome.

As with all new G5 games, Jewels of Mahjong will have the G5 Friends network built-in, making it possible to play with friends.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Stefan Wikstrand, CFO, +46 76 00 11 115

PDF

February 12, 2020

Year-end Report 2019

October – December 2019

"2019 was an important year for G5 as we continued to deliver on our strategy of a sustainable, healthy and self-funded development of the company. We achieved it by being profitable and cash flow positive, a base that gives us the ability to take managed risks in the business. This approach has produced the outstanding growth we have seen in the last 10 years," said Vlad Suglobov, CEO of G5 Entertainment. "In the fourth quarter our own games grew 8 percent year-over-year and almost 30 percent year-over-year in January, powered by Jewels of Rome, which we launched in June 2019. The year ahead will be an exciting year for us with so many new games recently released, and others set to hit the market. 2019 was about optimizing our larger development teams and in 2020 we will start to benefit from the hard work."

  • Revenue for the period was SEK 328.1 M (340.7), a decrease of 4 per cent compared to 2018.
  • Gross margin increased to 56% (53%), as a larger share of revenue is coming from own games.
  • EBIT for the period was SEK -4.1 M (18.6), the quarter was negatively impacted by write-downs of SEK -5.7 M and currency translation difference of operational assets and liabilities of SEK -4.1 M.
  • Net result for the period was SEK -4.4 M (17.1).
  • Earnings per share for the period, before and after dilution, was SEK -0.48 (1.90).
  • Cash flow amounted to SEK 23.8 M (40.7).
  • For the free-to-play games the average Monthly Active Users (MAU) was 5.8 million, a decrease of 28 per cent compared to the same period in 2018. Average Monthly Unique Payers (MUP) was 215.7 thousand, a decrease of 22 per cent and average Daily Active Users (DAU) was 1.6 million, a decrease of 18 per cent compared to the same period in 2018. Average Monthly Average Gross Revenue Per Paying User (MAGRPPU) was USD 52.3, an increase of 17 percent compared to the same period last year.
  • The Board intends to propose a dividend of SEK 2.5 (2.5) per share, equal to approximately SEK 22.6 M (22.5).

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Stefan Wikstrand, CFO, +46 76 00 11 115

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