STOCKHOLM (4 April 2019) – Acer Inc. has called for a conversion of its convertible bond 2016/2018 in Starbreeze AB (publ) and pursuant hereto the convertible bond will be converted into 4 072 295 new shares of series Starbreeze B.
In June 2016, Acer issued a convertible bond to Starbreeze amounting to 75 515 400 SEK. The bond terms have subsequently been approved 2016 and amended 2018 by the extraordinary general meeting of shareholders.
Acer has called for a conversion of the convertible bond to shares in accordance with the terms for the convertible bond. The current debt in the bond amounts to 71 713 114 SEK including interest. The conversion price per share is 17,61 SEK and 4 072 295 shares of series Starbreeze B will be made out to Acer Inc.
After the conversion, the total share capital in Starbreeze will be 6 587 357 SEK, divided on a total of 329 367 849 shares where 53 397 677 are series A and 275 970 172 are series B. The total amount of votes will amount to 809 946 942.
On December 3, 2018, Starbreeze, including a number of subsidiaries, entered into reconstruction. After the conversion to shares as above, the company’s frozen debt in the reconstruction is reduced with the same amount as the convertible bond, i.e. 71 713 114 SEK.
The Stockholm District Court has approved that Starbreeze reconstruction period continues until June 3, 2019.
For more information, please contact:
Pia Rosin, Interim Head of Investor Relations, Starbreeze AB
Tel: +46(0)8-209 208, 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 submitted for publication, through the agency of the contact person set out above, at 15:30 CET on April 4, 2019.
Starbreeze is an independent developer, creator, publisher and distributor of PC and console targeting the global market, with studios in Stockholm, Barcelona, Paris, Bangalore and Dehradun. Housing the smash hit IP PAYDAY, Starbreeze develops games based on proprietary and third-party rights, both in-house and in partnership with external game developers. 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). Starbreeze announced via a press release on December 3, 2018 that the company, including certain subsidiaries, entered into reconstruction. For more information, please visit starbreeze.com