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The board of directors of Maximum Entertainment withdraws resolution on two directed share issues as earn-out payments for the acquisition of Dimfrost Studio AB and cancels extraordinary general meeting

The board of directors of Maximum Entertainment AB (publ) (the "Company") has resolved to withdraw its resolution on two directed share issues as earn-out payments for the acquisition of Dimfrost Studio AB and has, as a result thereof, resolved to cancel the extraordinary general meeting scheduled to be held on Wednesday 25 October 2023. The notice to the extraordinary general meeting was published on 26 September 2023.

The background to the resolution is that the Company has agreed with relevant shareholders in Dimfrost Studio AB that the earn-out payments under the share purchase agreement regarding the acquisition of Dimfrost Studio AB, which was entered into on 5 November 2019, shall instead be paid in a total amount of SEK 1,215,588 in cash. As there are no proposals for the shareholders to consider following the board of directors’ resolution to withdraw its resolution on two directed share issues, the board of directors has resolved to cancel the extraordinary general meeting on 25 October 2023.

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