G5 Entertainment employee stock ownership incentive program awarded to 78 employees who participated
G5 Entertainment announces that the company’s performance-based long-term incentive program for senior management and key employees of G5 Entertainment and its subsidiaries (“LTIP 2019”) is awarded to participants and 25,743 shares have been assigned. The allocation was made from the shares held by the company.
The value of 25,743 shares on the Nasdaq OMX stock exchange on the grant date was approx. 5M SEK. These shares were allocated to a total of 78 employees in the majority of countries where the company operates. G5 has offered to sell shares on behalf of the employees as part of the settlement process. Approximately 23,000 shares were sold on behalf of participants.
The LTIP 2020 program has also been closed. No allocation was made because the program did not meet its performance criteria.
For more information, please contact:
Vlad Suglobov, CEO, [email protected]
Stefan Wikstrand, CFO, +46 76 00 11 115
About G5 Entertainment
G5 Entertainment AB (Publ) (G5) develops and publishes high-quality, free-to-play games for smartphones, tablets and personal computers that are family-friendly, easy to learn and aimed at the widest audience of experienced and novice gamers. The company distributes its games through the G5 Store, Apple App Store, Google Play, Amazon Appstore and Microsoft Store. 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: Search Word Puzzle( TM).
Through its main entity G5 Entertainment AB (Publ), G5 Entertainment Group is listed on the main mid-cap market segment of Nasdaq Stockholm under the trading symbol G5EN.ST. For six consecutive years, G5 Entertainment has been listed as one of Deloitte’s 50 fastest growing technology companies in Sweden.
For more information on G5 Entertainment, please visit: https://corporate.g5e.com
https://news.cision.com/g5-entertainment-ab/r/g5-entertainment-employee-share-incentive-program-allocated-for-78-employees-who-participated,c3775541
https://mb.cision.com/Main/10169/3775541/2087214.pdf
(c) Decision 2023. All rights reserved., source Press releases – English
