COPENHAGEN, October 25, 2019: 5th Planet Games A/S (OAX: FIVEPG) has received a loan conversion notice from Formue Nord Fokus A/S requesting the conversion of total NOK 300,000 into shares of the outstanding NOK 6,882,000 convertibles notes issued in accordance with the Credit Facility agreement entered into with Formue Nord Fokus A/S on May 24, 2019 (see announcement 3/2019 and 15/2019).
Following the loan conversion, Formue Nord Fokus A/S has been granted 600,000 shares at the conversion price of NOK 0.50 incl. a 10% discount. The granted shares have been provided by one major shareholder in the company and no new shares nor voting rights have therefore been issued at present. The shares will however be issued at a later stage.
The total outstanding convertible notes amount to NOK 6,582,000.
About 5th Planet Games: 5th Planet Games is a mobile games developer and publisher located in Copenhagen, Berlin and Rocklin, CA. We cooperate with strong IP´s as the Adventures of Tintin and premium sports brands as FC Barcelona, Liverpool FC, Paris St. Germain and Cristiano Ronaldo. We are proud to expand the world of the TV series Vikings and thrilled to produce sequels to the legendary games Doodle Jump and Dawn of the Dragons. For more information see www.5thplanetgames.com or contact CEO Henrik Nielsen +45 27 200 200