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Rights Issue 2018

Rights Issue 2018

Starbreeze conducted a rights issue with pre-emptive rights for existing shareholders of approximately SEK 150 million, before issuing expenses, in March/April 2018.

Summary
  • In connection with the announcement of a directed share issue on 24 January 2018, Starbreeze also announced its intention to carry out a rights issue to support further growth. The proceeds of the rights issue, together with the remaining net issue proceeds from the directed share issue, will be used to accelerate growth and broaden the revenue base within the core business, and to expand the game portfolio.
  • The detailed terms and conditions, including the subscription price, were announced on 15 March 2018. The rights issue was approved by the extraordinary general meeting on 20 March 2018 and the record date for the rights issue was 22 March 2018 and the subscription period will run from and including 26 March 2018 up to and including 10 April 2018.
  • Shareholders corresponding to approximately 44 percent of the voting rights, are positive to the rights issue and have expressed their intention to vote in favor of the rights issue at the extraordinary general meeting.
Timetable
20 March Extraordinary general meeting to approve the Board of Directors decision on the rights issue
20 March Last day of trading shares of Starbreeze including right to participate in the rights issue
22 March Planned publishing date for prospectus
22 March Record date for participation in the rights issue, i.e. holders of shares who are registered in the share register on this day will receive subscription rights for participation in the rights issue
26 March-6 April Trading in subscription rights
26 March-10 April Subscription period
13 April Expected press release of the outcome of the rights issue

To Q&A about the right issue
To Investor Relations contacts