THQ Nordic announces intention of a directed share issue
Karlstad (Sweden), Vienna (Austria), September 19, 2017
THQ Nordic AB (“THQ Nordic” or the “Company”) hereby announces its intention of a placement of approximately 7.2 million new Class B shares (the “New shares”) through a directed new share issue to Swedish and international institutional investors (the “Directed new share issue”). THQ Nordic has, based on the authorization given by THQ Nordic’s Annual General Meeting on May 16, 2017, engaged Carnegie Investment Bank to investigate the conditions for a placement of new Class B shares through a so-called “accelerated book-building” procedure. The reason for the deviation from the shareholders’ preferential rights are mainly to diversify the shareholder base among Swedish and international institutional investors and at the same time raise capital in a time efficient manner. The Company intends to use the proceeds from the Directed new share issue to finance new acquisitions of franchises and game development studios, as well as enable a higher rate of investment in the development of the Company.
The price of the New shares will be determined through an accelerated book-building procedure, which will begin today at 17:30 on September 19, 2017 and end before the commencement of trading on Nasdaq First North on September 20, 2017. The book-building procedure may, at the discretion of the Company, close earlier or later and may be cancelled at any time.
Advisers
Carnegie Investment Bank AB (publ) has been appointed sole bookrunner and lead manager and Baker & McKenzie Advokatbyrå KB acts as legal counsel to the Company in connection with the Directed new share issue.
For additional information, please contact:
Lars Wingefors, Group CEO
Tel: +46 708 471 978
E-mail: lwingefors@thqnordic.com
About THQ Nordic
THQ Nordic acquires, develops and publishes PC and console games. The company has a wide catalogue of 270 games, including 85 owned franchises, such as Darksiders, Titan Quest, MX vs ATV, Red Faction, Destroy All Humans, Aquanox, ELEX, Jagged Alliance, SpellForce and The Guild. THQ Nordic has a global publishing reach within marketing, sales and distribution, both online and offline. The group’s head office is based in Karlstad, Sweden and its operational office in Vienna, Austria. THQ Nordic employs and contractually collaborates with more than 480 people and has 6 inhouse development studios based in Germany, USA and Sweden. THQ Nordic shares are publicly listed on Nasdaq First North Stockholm under the ticker THQNB:SS with FNCA Sweden AB as its Certified Adviser. For more information, please visit: http://www.thqnordic-investors.com or http://www.thqnordic.com.
This information is information that THQ Nordic 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 17.30 CET on September 19, 2017.
Important information
This announcement is not and does not form a part of any offer or solicitation to acquire, subscribe, sell or in any other way trade with shares or other securities in THQ Nordic. This document has not been approved by any regulatory authority and the information is not a prospectus in accordance with the requirements of EU Directive 2003/71 / EC. A prospectus be prepared for the Directed new share issue.
This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended. Immunovia does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. The information in this press release may not be announced, published or distributed, directly or indirectly, to the United States, Canada, Australia, New Zealand, Singapore, South Africa, Japan or Hong Kong or in any other jurisdiction where the announcement, publication or distribution of the information would not comply with applicable laws and regulations.