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BRIEF-Stillfront acquires eRepublik Labs

May 30 STILLFRONT GROUP AB (PUBL)

 

* REG-STILLFRONT GROUP AB: STILLFRONT ACQUIRES EREPUBLIK LABS

 

* ANNOUNCES ITS ACQUISITION OF 100% OF SHARES IN EREPUBLIK LABS

 

* COMPLETION OF ACQUISITION IS EXPECTED TO OCCUR AROUND 27 JUNE 2017.

 

* UPON COMPLETION OF ACQUISITION, EUR 7,500,000 WILL BE PAID TO SELLERS

 

* FURTHER, AN EARN-OUT CONSIDERATION IS PAYABLE BY STILLFRONT, PROVIDED THAT CERTAIN TARGETS ARE MET, IN AN AGGREGATE MAXIMUM TOTAL AMOUNT OF EUR 13,000,000

 

* PURCHASE PRICE PAYABLE BY STILLFRONT FOR EREPUBLIK SHALL IN AGGREGATE NOT EXCEED EUR 20,500,000

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