Enlabs AB (publ) (OM:NLAB) made an offer to acquire remaining 33.3% stake in Global Gaming 555 AB (publ) (OM:GLOBAL) for approximately SEK 160 million on September 21, 2020. As per the transaction, Enlabs AB (publ) will make the offer to pay consideration in three alternatives. Enlabs AB (publ) can pay cash consideration of SEK 11 per share or can issue 0.36 share of Enlabs AB (publ) for each share of Global Gaming 555 AB (publ). Enlabs AB (publ) can also pay combination of cash and shares as 50% consideration in cash and 50% through shares. The offer is financed partly through existing funds and, if so required, externally secured bank financing with regards to the Cash Consideration, and partly through an issue in kind by virtue of an existing authorization in Enlabs to the shareholders in Global Gaming. If Enlabs AB (publ) acquired 90% stake, then it will go for compulsory acquisition for remaining stake.

Completion of the Offer is only conditional upon all required approvals, permits, decisions and other actions by authorities or similar bodies, including approvals from competition authorities, if applicable, being obtained, in each individual case on conditions acceptable to Enlabs. According to Enlabs' assessment, the Offer must be approved by competition authorities in Estonia, which is one of Enlabs' main markets. A decision on such approval is expected to be announced no later than October 15, 2020. As of September 30, 2020, Global Gaming's independent bid committee unanimously recommended its shareholders to accept the transaction. As on October 8, 2020, Enlabs has received approval from the Estonian Competition Authority for the acquisition of Global Gaming 555 AB. As a result, the only condition for completion of the Offer is fulfilled and Enlabs therefore declares the Offer unconditional. The acceptance period for the Offer is expected to begin around October 5, 2020 and end around November 2, 2020. Payment of the consideration is expected to begin around November 6, 2020. Carnegie Investment Bank AB (publ) and Qap Legal Advisors AB acted as financial advisor and legal advisor to Enlabs AB (publ), respectively. KPMG Corporate Finance and Mangold Fondkommission AB acted as fairness opiion providers to Enlabs.

Enlabs AB (publ) (OM:NLAB) completed the acquisition of remaining 33.3% stake in Global Gaming 555 AB (publ) (OM:GLOBAL) on November 2, 2020. Offer had been accepted by shareholders in Global Gaming corresponding to a total holding of 10.6 million, corresponding to approximately 26.1% of the total number of shares and votes in Global Gaming. Enlabs has also acquired 1.2 million shares in Global Gaming outside the Offer, corresponding to approximately 3% of the total amount of shares and votes in Global Gaming. As on December 1, 2020, Global Gaming 555 AB has applied to delist its shares. KPMG Corporate Finance acted as fairness opinion provider to the board of directors of Global Gaming 555 AB.