CEO Calvin Lim Eng Kiat acquires and divests shares in LL Lucky Games AB (publ)

Calvin Lim Eng Kiat on 11 March 2024 acquired 26,714,714 shares at a price per share of SEK 0.3 in Lucky Games and thereby triggered a mandatory bid obligation as set out in the Swedish Takeover rules for certain trading platforms (“Takeover Rules”). After the acquisition, Calvin Lim Eng Kiat holds approximately 34.1 percent of the shares in Lucky Games.

The acquisition triggers a mandatory bid, which means that Calvin Lim Eng Kiat is obliged to announce a mandatory bid for the remaining shares in Lucky Games within four weeks of the acquisition, or alternatively divest so many shares that the shareholding represents less than three tenths of the voting rights for all shares in Lucky Games.

However, since Calvin Lim Eng Kiat today has divested 5,800,000 shares in Lucky Games the need for a mandatory bid lapses. Calvin Lim Eng Kiat's holding in Lucky games after the divestment amounts to approximately 29 percent of the shares and votes. In accordance with the Takeover Rules, the mandatory bid obligation has thus lapsed.

Important information
This press release is not an offer to acquire shares. Anyone whose holdings fall below the mandatory bid threshold of 30 percent of the votes in a company with shares admitted to trading on a trading platform and for whom the mandatory bid threshold has lapsed must, in accordance with III.5 of the Takeover Rules for certain trading platforms issued by the Swedish Corporate Governance Board as of January 1, 2021, announce that the mandatory bid obligation has lapsed. This press release constitutes such an announcement.