The Board of Administrators of G5 Leisure Makes use of Authorization of Repurchase of Personal Strange Shares

STOCKHOLM – () – The board of directors of G5 Entertainment AB (publ) (the “Company” or “G5 Entertainment”) has decided to initiate the repurchase of common shares through authorization by the company’s annual general meeting on June 15, 2020 To give the board of directors greater opportunities to adjust the company’s capital structure from time to time to the capital requirements and thus to be able to contribute to increasing shareholder value. In addition, the authorization is intended to enable the Management Board to transfer shares in connection with company acquisitions by paying in own shares or to use repurchased shares to implement the company’s long-term incentive program, which is less likely to be diluted in future.

Ordinary shares can be bought back one or more times until the end of the company’s next ordinary general meeting. However, the number of own shares may at no time exceed ten (10) percent of the total number of shares in the company. At the time of this press release, the Company already holds 172,200 Class C shares and 278,200 common shares and has a maximum of 460,200 common shares for repurchase. The buyback will take place at a price per share within the price range of Nasdaq Stockholm at a certain point in time, ie the interval between the current highest purchase price and the lowest sale price, which is published regularly by Nasdaq Stockholm. The shares are paid in cash.

As of the date of this press release, the Company holds 172,200 Class C shares and 278,200 common shares, representing 4.95 percent of the total number of shares in the Company.

This information is information that G5 Entertainment AB must publish in accordance with the EU Market Abuse Regulation. The information was submitted for publication on June 16, 2021 at 8:30 a.m. (CET) by the contact person mentioned above.

About G5 Entertainment

G5 Entertainment AB (Publ) (G5) develops and publishes high quality free games for smartphones, tablets and PCs that are family-friendly, easy to learn, and aimed at the broadest audience of experienced and inexperienced gamers. The company sells its games via the Apple App Store, Google Play, Microsoft Store, Amazon Appstore etc. The company’s portfolio includes popular games such as Jewels of Rome®, Sherlock: Hidden Match-3 Cases®, Jewels of the Wild West®. Hidden City®, Mahjong Journey®, The Secret Society® and Wordplay: Train Your Brain ™.

Via its main company G5 Entertainment AB (Publ), the G5 Entertainment Group is listed under the trading symbol G5EN.ST in the main market mid-cap segment of Nasdaq Stockholm. For six years in a row, G5 Entertainment was named one of Deloitte’s 50 Fastest Growing Technology Companies in Sweden.

For more information on G5 Entertainment, see https://www.g5e.com/corporate

Tencent Music Leisure Group Declares $1 billion Share Repurchase Program

Shenzhen, China, March 28, 2021 / PRNewswire / – Tencent Music Entertainment Group (“Tencent Music, “TME” or the “Company”) (NYSE: TME), the leading online music entertainment platform in Chinaannounced today that its board of directors (the “Board of Directors”) has approved a share buyback program under which the Company may conduct up to one buyback $ 1 billion of Class A common stock in the form of American Depositary Shares (“ADS”) for a period of twelve months from the March 29, 2021 (collectively the “Share Buyback Program”).

Mr. Tong Tao Sang, Chairman of the Board of Directors, said, “The share buyback program is a strong indication of the Board’s confidence in the company’s business prospects and long-term strategy. We believe it will ultimately benefit TME and create value for shareholders . “

The buybacks proposed by the Company may from time to time be made through open market transactions at prevailing market prices, privately negotiated transactions, block deals and / or in any other manner permitted by law, depending on market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions are regulated by the Securities and Exchange Commission (“SEC”) 10b-18 and / or rule 10b5-1 requirements. The Board of Directors will regularly review the share buyback program and may approve an adjustment to its terms and size, or suspend or terminate the program. The company plans to fund buybacks from its existing cash balance.

over Tencent Music entertainment
Tencent Music Entertainment Group (NYSE: TME) is the leading online music entertainment platform in Chinaand operates the country’s popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. Tencent Music’s mission is to use technology to empower music in people’s lives by allowing them to create, enjoy, share and interact with music. Tencent The music platform includes online music, online karaoke and music-oriented live streaming services that music fans can use to discover, hear, sing, see, perform and socialize music. Visit ir.tencentmusic.com for more information.

Safe Harbor Statement
This press release contains forward-looking statements. These statements are made in accordance with the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and a number of factors could cause actual results to differ materially from those contained in any forward-looking statements. In some instances, forward-looking statements may be identified by words or expressions such as “may,” “will,” “expect,” “anticipate,” “aim,” “aim,” “estimate,” “intend”. plan, “believe”, “potentially”, “further”, “is / are likely” or other similar expressions. For more information about these and other risks, uncertainties, or factors, see the company’s filings with the SEC. All information in this press release is as of the date of this press release and the company undertakes no obligation to update this information unless required by applicable law.

Investor Relations contact

Tencent Music entertainment group
[email protected]
+86 (755) 8601-3388 ext. 883606

SOURCE Tencent Music entertainment group

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