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Capital Change 2016

May 27, 2016

8162_iss_2016-05-27_28201fe9-7376-4230-a1e5-31901906a481.pdf

Share Issue/Capital Change

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Announcement no. 23/2016 Copenhagen, 27 May 2016

Capital increase – Rights Issue

The board of directors of Hugo Games A/S has decided to carry out an increase of the Company's share capital in July 2016.

The capital increase will be carried out as a rights issue, i.e. with preferential rights for existing shareholders. The share price in the rights issue will be at market price or below market price.

The board of directors expects to increase the share capital by up to a total nominal amount of DKK 15,000,000 by cash payment, provided that the above mentioned proposal for grant of authorization from the general assembly to the board of directors is passed.

Any queries regarding this company announcement may be addressed to

Henrik Kølle, CEO +45 4028 5054 or [email protected]
Søren Kokbøl Jensen, IR manager +45 29 44 50 01 or [email protected]

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