Nitro Games’ share issue closed ahead of planned listing on Nasdaq First North

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Nitro Games Plc’s (“Nitro Games” or the “Company”) share issue (the “Offering”) raised approximately EUR 2.8 million and was hence subscribed to 86 per cent. Through the share issue Nitro Games has gained 208 new shareholders. The first day of trading on Nasdaq First North, given the marketplace’s approval, is planned to be 16 June 2017. The Company has also signed a Liquidity Provider agreement with Mangold Fondkommission AB.

Jussi Tähtinen, CEO of Nitro Games:

“We’re happy with the interest we received from investors in Sweden. We’re looking forwards to the upcoming listing and feel confident to proceed with our upcoming game launches. The first game from our new portfolio, Medals of War, is currently available exclusively in Sweden as an early version and we’re excited about the reception so far.”

Subscription and allotment of the share issue

In total, the Company received 216 subscriptions corresponding to EUR 2.8 million (including subscription undertakings), representing a subscription rate of 86 per cent. A total of 663,534 new shares will be issued. The Company will receive EUR 2.8 million before issue costs of approximately EUR 0.2 million. The Company decided to close the subscription period on 23 May 2017. Subscriptions forms are expected to be sent out to those who have been allocated shares on 26 May 2017. Payment shall be made in three Swedish banking days after the issuing of the contract notes at the latest.

Planned listing on Nasdaq First North

Nitro Games has filed an application for listing to Nasdaq First North Stockholm. Pending Nasdaq First North Stockholm’s approval the first day of trading is planned to be 16 June 2017. Approximately 58 per cent of all the Company’s shares are under lock-up agreements from the first day of trading. The Company has signed a Liquidity Provider agreement with Mangold Fondkommission AB.

Shares and share capital

After the share issue has been registered at the Finnish Patent and Registration Office, the total number of shares will increase to 1,829,328. Capital from the share issue will be allocated to the SVOP fund (fund for unrestricted equity reserve). The share capital after registration will be EUR 80,000.

Advisers

Augment Partners AB is acting as financial advisor and Smartius Oy is acting as legal advisor to the Company in the Offering. Augment Partners AB will be the Company’s Certified Adviser under the First North Nordic – Rulebook. Mangold Fondkommission AB is acting as issuer agent.

For more information:

CEO Jussi Tähtinen

Phone: +358 44 388 1071

Email: jussi@nitrogames.com

Nitro Games in brief:

Nitro Games is a free-to-play mobile game developer and publisher with a decade of experience in developing games for the mid-core user segment, mostly focusing on the genre of strategy games. The Company focuses on producing games with high production value and high revenue potential for smartphones and tablets. With Nitro Games’ powerful NG Platform and NG MVP-process, the Company is able to do market validation with new game prototypes after only a week of development. Historically, Nitro Games has developed games such as East India Company, Commander: Conquest of the Americas, Pirates of Black Cove and Raids of Glory.

www.nitrogames.com

The Company’s Certified Adviser will be Augment Partners AB, tel. +46 8 505 65 172.

Disclaimer

The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, Hong Kong, South Africa, Singapore, New Zealand or Japan. The issue of the Offer Shares is subject to specific legal or regulatory restrictions in certain jurisdictions.  

The Offer Shares have not been, and are not intended to be, registered under the U.S. Securities Act of 1933, as amended, or under the securities laws of any state of the United States and, accordingly, may not be offered or sold, directly or indirectly, in or into the United States (as defined in Regulation S).

The materials herein do not constitute an offer to issue Offer Shares to anyone in the United States, Canada, Australia, Hong Kong, South Africa, Singapore, New Zealand or Japan or in any other country where it would be prohibited by local laws or other regulations to offer shares to such person.

Neither the Company nor issuer agent Mangold Fondkommission AB assume any responsibility in the event there is a violation by any person of such restrictions.

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