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G5 Entertainment Initiates Share Repurchase to Optimize Capital Structure

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G5 Entertainment Initiates Share Repurchase to Optimize Capital Structure

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An announcement from G5 Entertainment AB ( (SE:G5EN) ) is now available.

G5 Entertainment AB’s board of directors has decided to repurchase ordinary shares as authorized by the Annual General Meeting. This move aims to provide the board with greater flexibility in adapting the company’s capital structure to its needs, potentially increasing shareholder value and facilitating acquisitions or settling long-term incentive programs with less future dilution.

More about G5 Entertainment AB

G5 Entertainment AB is a company that develops and publishes high-quality free-to-play games for smartphones, tablets, and personal computers. Their games are family-friendly, easy to learn, and cater to a wide audience of both experienced and novice players. The company distributes its games through various platforms including the G5 Store, Apple App Store, Google Play, Amazon Appstore, and Microsoft Store. G5 Entertainment is publicly listed on Nasdaq Stockholm’s main market mid cap segment and has been recognized as one of the fastest-growing tech companies in Sweden.

Average Trading Volume: 32,119

Current Market Cap: SEK980.5M

Find detailed analytics on G5EN stock on TipRanks’ Stock Analysis page.

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