Beyond Frames Entertainment CEO Increases Ownership Stake
Beyond Frames Entertainment announces that its CEO, Ace St. Germain, acquired 300,000 shares of the company at a price of 18 SEK per share from ARVR Holding AB on Friday, the 19th of July. After the transaction, Ace St. Germain holds 300,000 shares and 141,000 personal options (“Kvalificerade personaloptioner”) in Beyond Frames Entertainment AB (Publ) and ARVR Holding holds 2,262,841 million shares.
"I am deeply committed to the future of Beyond Frames Entertainment and believe that our innovative pipeline, exceptional company culture, and strong management team will drive our ongoing success. This share purchase underscores my confidence in our strategic direction and the long-term value we are creating for our players, partners, and shareholders," said Ace St. Germain, CEO of Beyond Frames Entertainment AB.
As part of this transaction, Ace St. Germain is transferring 400,000 warrants, currently out of the money, (from Warrant Program 2022/2025) to ARVR Holding AB.
For further information, please contact:
ir@beyondframes.com
+46 (0)72 842 49 22
About Beyond Frames Entertainment
Headquartered in Stockholm, Sweden, Beyond Frames is an XR-focused publisher with its development studios Cortopia, Moon Mode and partner studio Odd Raven. Offering creative and technical consulting, funding, marketing and publishing services, Beyond Frames partners with studios creating amazing XR products such as Ghosts of Tabor (Combat Waffle Studios), Outta Hand (Capricia Productions), ARK and ADE (Castello Inc.), Silhouette (Team Panoptes) and Mixture (Played With Fire), Beyond Frames Entertainment AB (publ) is listed on the Swedish Spotlight Stock Market, ISIN: SE0011614965.
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