Cherry AB (publ) applies for delisting and EE Intressenter will initiate redemption of outstanding shares in Cherry AB
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European Entertainment Intressenter Bidco AB (“EE Intressenter) has announced that the company owns more than 90 percent of the shares in Cherry AB (publ) – STO: CHER-B.ST. The Board of Cherry AB has received a call for redemption proceeding of the minority shares as well as outstanding warrants from EE Intressenter.
In addition, the Board of Cherry AB (publ) has today resolved to apply for delisting of the Cherry share, series B, from Nasdaq Stockholm. The last day of trading in the company’s shares on Nasdaq Stockholm will be announced as soon as the company has received the confirmation thereof from Nasdaq Stockholm.
On 18 December 2018, EE Intressenter announced a recommended public cash offer to the shareholders in Cherry AB (publ), to tender all shares of series A and series B in Cherry at a price of SEK 87 per share (the “Offer”). On 29 January 2019, the Offer was declared unconditional.
CHERRY IN BRIEF:
Cherry is an innovative and fast-growing gaming company with operations in gaming, entertainment and media. The company was founded in 1963 and today, Cherry operates through five diversified business areas: Online Gaming, Game Development, Online Marketing, Gaming Technology, and Restaurant Casino. The Group’s objective is to grow organically in combination with strategic acquisitions of fast-growing companies. Cherry AB’s principal owner is Bridgepoint Europe VI Fund. The company’s Class B share is listed on the Nasdaq Stockholm exchange, Mid Cap segment. More information is available at www.cherry.se.
Source: Latest News on European Gaming Media Network
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