Jumpgate makes a conversion share issue of debt comprising ca 1.5 MSEK

Jumpgate´s board of directors has decided to make a conversion share issue of 8 689 412 shares directed to Jimmy Jönsson and Advenimus AB. The subscription price is 0.17 SEK per share. The share issue is done based on the mandate from the Annual General Meeting on June 27, 2023.

Through the share issue, debt of a total value of 1 477 200,04 kr is converted to equity. The price per share is 0.17 SEK, the equivalent of the volume-weighted average price during the period of November 16 – to November 30, 2023.

Background and Motivation

The purpose of the conversion of debt to equity is to decrease the debt level of the company.

Increase of share capital and number of shares

The registered share capital of the company is increased by 239 304.41 SEK and the directed conversion share issue has a dilutive effect of ca 1.8 percent based on the total number of shares following the share issue. After the share issue, the total number of shares and votes in the company comprise 481 277 445 and the registered share capital amounts to 13 254 269.99 SEK.

For additional information

Harald Riegler CEO, Jumpgate AB Phone: +46 (0)705 - 54 73 33 E-mail: harald@jumpgategames.se

About the Company

Jumpgate AB is an independent group of game development companies founded in 2011, comprising five game studios: Nukklear (Hannover), Tivola Games (Hamburg), gameXcite (Hamburg), Funatics (Düsseldorf) and Tableflip Entertainment (Visby). The group develops and publishes its own games as well as developing games and other digital products for external companies. The companies in the group have established collaborations with strong industry partners and exciting product portfolios with large potential. The group is engaged in the global market, distributing games on a worldwide basis and has a large international network. For more information: www.jumpgategames.se