Head of M&A subscribes for warrants

Christian Käfling, Head of M&A, has subscribed for 250,000 warrants with a subscription price of SEK 6.64. Fair market value per warrant has been calculated at SEK 0.73, which means Christian has paid a total of SEK 182,500 for the 250,000 warrants.

At the Annual General Meeting of Net Gaming Europe AB (publ) on 23 May 2019, it was decided to issue 250,000 warrants to the Company’s new Head of M&A, Christian Käfling. The warrant terms and conditions have now been defined and Christian Käfling has subscribed for 250,000 warrants.

The warrants run for 4 years. The subscription price has been set at SEK 6.64, corresponding to 150% of Net Gaming's volume-weighted share price during the period 24 May to 10 June 2019. The warrant fair market value has been calculated at SEK 0.73 using the Black-Scholes model, which means that Christian Käfling has paid SEK 182,500 for the 250,000 warrants.

On 12 June 2019, Christian Käfling also purchased 30,000 shares in Net Gaming at an average price of SEK 4.16 and a total payment of SEK 124,800. He now holds 60,000 shares and 250,000 warrants in Net Gaming.

For further information, please contact:
Marcus Teilman, President and CEO
+356 9936 7352

Gustav Vadenbring, Group CFO
+356 9967 6001

Net Gaming Europe AB (publ)
Telephone: +46 8-410 380 44
Email: [email protected]
website: www.acroud.com

Certified Adviser: FNCA Sweden AB, [email protected], +46 8 528 00 399