G5 Entertainment announces that the company's performance based, long-term incentive program for the executive management and key employees of G5 Entertainment and its subsidiaries ("LTIP 2019") is allocated to the participants and 25,743 shares have been allocated. Allocation has been made from the shares held by the company.
The value of 25,743 shares at the Nasdaq OMX exchange as of the date of allocation was approx. SEK 5 M. These shares have been attributed to a total of 78 employees in the majority of the countries where the company operates. G5 has offered to sell shares on behalf of the employees as a part of the settlement procedure. Approximately 23,000 shares have been sold on behalf of the participants.
The program LTIP 2020 has also been closed. No allocation was made as the program did not meet its performance criteria.
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 targeted at the widest audience of both experienced and novice players. 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 like 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™.
Through its head entity G5 Entertainment AB (Publ), G5 Entertainment Group is publicly listed on Nasdaq Stockholm's main market mid cap segment under trade symbol G5EN.ST. For[ ]six years in a row, G5 Entertainment was ranked in Deloitte's Top 50 Fastest Growing Tech Companies in Sweden.
More information about G5 Entertainment can be found at: https://corporate.g5e.com
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