The company announced in a press statement that it will move the listing in Nasdaq from AktieTorget by the end of summer this year. It assured investors that the listing remains to be a high priority of the firm.
“Due to the recently completed and significant acquisition of Come On Malta Ltd, and the work with finalizing the integration that has been ongoing since July 2016, Cherry has decided to postpone the application for uplisting to Nasdaq Stockholm until after the summer,” the company said. “The company is in a strong position in relation to the uplisting and the preparations continue with high priority. The decision allows the company to focus on finalizing the integration with ComeOn, and also the latest acquisition of the game development company Highlight Games that was communicated to the market last week.”
Last year, Cherry acquired ComeOn to boost its Nordic market presence. ComeOn holds licenses in Malta, the UK and Curacao, and operates brands including ComeOn.com, Mobilbet.com, CasinoStugan.com, folkeautomaten.com, Suomikasino.com, GetLucky.com and Kasyno.pl. The sites boasted a combined active customer list of over 133k as of December 2015.
Meanwhile, the Stockholm-listed company has announced that it has elected Morten Klein as the new chairman of the board of directors during the firm’s annual general meeting last Tuesday.
Cherry’s annual general meeting resolved to adopt the principles proposed by the nomination committee for appointment of a nomination committee, how members of the nomination committee are to be appointed and the tasks of the nomination committee.
It was also resolved in accordance with the nomination committee’s proposal that remuneration for the board members for board and committee work shall be paid with a total of SEK 3,782,000 (US$431,877), of which SEK 2,532,000 (US$289,136) (inclusive of social fees) to the chairman of the board of directors, who also works in the Company, and SEK 250,000 (US$28,548) each to the remaining board members.
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