Press

Following the announcement made by Hugo Games A/S on 8 January regarding the approval of a prospectus in connection with the listing of new shares, the company would like to clarify the following key points.

• Hugo Games announced on 20 November, 2017 that a private placement of new shares in the company has been carried out rasing a total of DKK 36 million securing the company a solid foundation to develop game titles and grow its business further. As part of this private placement Hugo Games is legally bound to make a repair offering to its existing shareholders.
• Hugo Games have therefore decided to make this legally binding repair offer on DKK 2.7million, which is equivalent to a share dilution of maximum 3.5% of the total share capital. Hugo Games would like to underline, that it has done this gesture to be fair towards its existing shareholders who have supported the company from the beginning, not because it sees a need for further capital injection.

For further information, contact:
Peter Ekman, CFO & Investor Relations
Phone: +45 20 65 00 12
Mail: ir@hugogames.com

About Hugo Games
Hugo Games is a Nordic mobile games publisher and developer located in Copenhagen. At Hugo Games we are passionate about games and we are committed to making titles that will engage and bring genuine joy to people for years. We have a consistent portfolio of games globally available across a wide range of platforms including iOS, Android, Windows, Amazon and Facebook. More information available at www.hugogames.com