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.


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.

11:33 FIVEPG: 33-2020 The convertible Loan Agreement with Formue Nord has been terminated today https://newsweb.oslobors.no/message/509273