Thunderful Group AB (”Thunderful Group”) today announces that their British subsidiary Coatsink Softward Ltd (”Coatsink Software”) has signed agreements with Facebook-owned companies for new and perennial game development and collaboration projects, at a total value exceeding 20 MUSD.
An annual general meeting was held in Thunderful Group AB on April 27, 2021. Due to the extraordinary situation prevailing because of covid-19 the annual general meeting was held by postal voting and without any physical attendance. A summary of the decisions made at the general meeting follows below. All resolutions have been made with required majority and in accordance with the proposals set forth by the Board of Directors and Nomination Committee.
In accordance the previously announced acquisition of all outstanding shares in Headup GmbH, 446,250 shares in Thunderful Group AB have been issued at a subscription price of SEK 56.80 per share.
The shareholders in Thunderful Group AB, company reg. No. 559230-0445, (the “Company”), is convened to the Annual General Meeting on Tuesday, April 27, 2021 by participating in postal voting. Attendance at the Annual General Meeting takes place exclusively by postal ballot.
Thunderful Group AB (“Thunderful”) announces today that the acquisition of Headup GmbH (“Headup”) has been completed. The transaction was announced in a press release on the 24th of February 2021, when it was announced that Thunderful had entered into an agreement to acquire Headup for a total maximum purchase price of EUR 11 million.
Thunderful Group AB (“Thunderful”) issues clarifications with regard to the year-end report for 2020 observing that the operating profit for Coatsink Software has been adjusted and audited locally causing negative effect on Thunderful Games’ operating profit for the period 1 October – 31 December 2020 by reducing net sales. Further, Thunderful has identified a need to clarify the KPIs Net Sales and EBITDA within the segment Thunderful Distribution. Finally, Thunderful clarifies the increase of Other external expenses.
An intensive year characterized by strong growth and good profitability