STOCKHOLM, SWEDEN (9 November 2018) StarVR Corporation announced today that the board of directors intends to apply for delisting of the StarVR share from the Taipei Exchange Emerging Markets board. The market situation in the industry and the company’s business plan and strategy were cited as the reasons for the decision. Delisting is expected to increase business flexibility.
Starbreeze owns a minority interest in StarVR Corporation, with 33 percent of equity. The decision will have no impact on Starbreeze AB’s accounts. Measured using the equity method, the holding in StarVR Corporation was carried at SEK 27.3 million as of 30 September 2018. Starbreeze will continue to retain existing IP rights to the StarVR One VR headset and related technologies.
Starbreeze has been informed that StarVR Corporation will apply for delisting from the Taipei Exchange in accordance with applicable regulations. The company states that the Taipei Exchange will determine and announce the last day of trading in the StarVR share. StarVR Corporation intends to convene an extraordinary general meeting on 27 December 2018 to decide whether StarVR Corporation should cease to be a public company.
For more information, please contact:
Ann Charlotte Svensson, Head of Investor Relations and Corporate Communications
Tel: +46(0)8-202 509, email: [email protected]
This information is information that Starbreeze AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was provided by the above contact persons for publication on 9 November 2018 at 11:30 CET.
Starbreeze is a global game company whose vision is to be a leading provider in the entertainment industry by creating world-class experiences. Starbreeze was founded in 1998 and has since evolved into a well-established developer and publisher of PC and console games and VR products aimed at the global market. With studios in Stockholm, Paris, Los Angeles, San Francisco, Barcelona, Brussels, Bangalore and Dehradun, Starbreeze develops high-quality entertainment products based on proprietary and third-party rights, both in-house and in partnership with external game developers. Operations are organized in three business areas: Starbreeze Games, Publishing and VR Tech & Operations. Starbreeze shares are listed on Nasdaq Stockholm under the tickers STAR A and STAR B with the ISIN-codes SE0007158928 (A share) and SE0005992831 (B share). For more information, please visit starbreeze.com