Starbreeze rights issue oversubscribed

THE INFORMATION IN THIS PRESS RELEASE MAY NOT BE ANNOUNCED, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, UNITED STATES, OR IN ANY OTHER JURISDICTION WHERE THE RELEASE, PUBLICATION OR DISTRIBUTION OF THE INFORMATION WOULD NOT COMPLY WITH OR REQUIRE REGISTRATION UNDER APPLICABLE LAWS AND REGULATIONS.

STOCKHOLM (13 April, 2018) - The result for Starbreeze rights issue, for which the subscription period ended 10 April, 2018, shows that 3,354,439 shares of class A, corresponding to approximately 93 percent of the offered class A shares, and 15,585,604 shares of class B, corresponding to approximately 94 percent of the offered class B shares, were subscribed for using subscription rights. The remaining 256,911 shares of class A and 1,051,027 shares of class B shares have been subscribed without support of subscription rights. The rights issue is thus fully subscribed and Starbreeze will receive approximately SEK 152 million before issue costs.

The shares that have not been subscribed using subscription rights have been allotted to other subscribers in accordance with the principles outlined in the prospectus. A contract note will be sent to the subscribers as confirmation of the allotment of new shares subscribed for without subscription rights. Nominee registered shareholders receive confirmation of allotment according to each nominee’s routines. No notification will be sent to subscribers who did not receive allotment.

Through the rights issue, Starbreeze share capital will increase with SEK 404,959.62 to SEK 6,479,354.39 and the total number of shares will increase with 20,247,981 shares, whereof 3,611,350 are class A shares and 16,636,631 are class B shares, to 323,967,718 shares when the rights issue has been registered with the Swedish Companies Registration Office. 

Last day of trading in paid subscribed shares (BTA) of class A and class B is 16 April, 2018. The new shares of class A and class B which have been subscribed in the rights issue are expected to be subject for trade on Nasdaq Stockholm around 20 April, 2018.

Carnegie Investment Bank AB is acting as financial adviser to Starbreeze and Advokatfirman Lindahl is acting as legal adviser to Starbreeze.

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For more information, please contact:
Ann Charlotte Svensson, Head of Investor Relations and Corporate Communications
Tel: +46(0)8-202 509, email: ir@starbreeze.com 

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 08:30 CET on 13 April 2018.

About Starbreeze

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 for own game development, Publishing, and VR Tech for technology development including the StarVR venture. 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 

Important information

The release, publication or distribution of this press release may in certain jurisdictions be subject to restriction by law, and persons in the jurisdictions where this press release has been published or distributed should ascertain and comply with such legal restrictions. This press release does not contain or constitute a solicitation or offer to acquire or subscribe for any securities in Starbreeze in any jurisdiction.

This press release does not constitute an offer to purchase securities in the United States. The securities referred to herein may not be sold in the United States without registration under the US Securities Act of 1933, as amended, or without reliance upon an exemption from such registration. The information in this press release may not be announced, published or distributed, directly or indirectly, in Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, South Korea, United States, or in any other jurisdiction where the release, publication or distribution of the information would not comply with applicable laws and regulations.

This press release is not a prospectus. A prospectus for the rights issue has been approved and registered by the Swedish Financial Supervisory Authority and made available at Starbreeze webpage www.starbreeze.com.

About Us

Starbreeze is an independent creator, publisher and distributor of high quality entertainment products. With studios in Stockholm, Paris, Los Angeles, Barcelona and Brussels, the company creates games and other virtual reality entertainment products, based on proprietary design and licensed content. Starbreeze most recent games include PAYDAY 2®, John Wick VR shooter and upcoming survival co-op FPS OVERKILL’s The Walking Dead. Under its publishing initiative, Starbreeze has together with Canadian studio Behaviour Digital successfully launched horror thriller Dead by Daylight. Starbreeze has set out to develop truly immersive virtual reality (VR) experiences by integrating software and hardware in its StarVR® head mounted display, produced together with Acer. Together with wholly owned subsidiary Enterspace, Starbreeze further solidifies its presence in location based entertainment. StarVR can additionally be found at IMAX VR Centres in Los Angeles and New York. Headquartered in Stockholm, Sweden, Starbreeze shares are listed on Nasdaq Stockholm First North Premier under the tickers STAR A and STAR B with the ISIN-codes SE0007158928 (A share) and SE0005992831 (B share). Remium Nordic is the company's Certified Adviser. More information: starbreeze.com, starvr.com, overkillsoftware.com

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