Detailed stock exchange announcement - Hugo Games announces
acquisition of game studio Fuzzy Frog creating a more cost-effective
organization going forward
Copenhagen, March 31st, 2017
This is an announcement under section 3.4 of the "Continuing
obligations for stock exchange listed companies"
Hugo Games A/S ("Hugo Games") has before market opening on the 31th
of March 2017 entered into a Share Sale and Purchase Agreement with
Fuzzy Frog Ltd, located in Nottingham, UK ("Fuzzy Frog") for the
acquisition of 52.6 percent of all the issued shares in Fuzzy Frog
(the "Transaction"). The Transaction will, upon completion,
represent an increase of more than 5% of the revenue/assets of Hugo
Games
See attaced