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  • RIGHTBRIDGE VENTURES GROUP AB: RightBridge Ventures completes directed issue of ordinary shares as consideration for the acquisition of 80 per cent of the shares in Tricked Esport ApS

RIGHTBRIDGE VENTURES GROUP AB: RightBridge Ventures completes directed issue of ordinary shares as consideration for the acquisition of 80 per cent of the shares in Tricked Esport ApS

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 Rightbridge Ventures Group AB (“RightBridge Ventures” or the “Company”) has today completed the directed issue of 27,626,666 ordinary shares as previously announced on November 18th, 2022.  

On November 18th, 2022, the Company disclosed that it had completed the acquisition of 80 per cent of the shares in Tricked Esport ApS (“Tricked”) for a purchase price of SEK41,400,000 to be paid by way of a direct issue of ordinary shares in the Company.

The board of directors has today, with authorization granted by the extraordinary shareholders meeting on September 29th,2022, resolved on a directed issue of 27,626,666 ordinary shares to the shareholders of Tricked; EMLIKA ApS, Nebbegård Invest A/S and JV Equity A/S (the “Sellers”) at a subscription price of SEK1.50 (the “Consideration Share Issue”).

The subscription price in the Consideration Share Issue has been negotiated on arm's length and is, according to the board of directors of the Company, considered favorable for the Company and its shareholders. The reason for the deviation from the shareholders pre-emption rights is to finalise the acquisition of shares in Tricked pursuant to the share purchase agreement entered, which is in line with the Company's growth strategy. Furthermore, the Company is required to issue ordinary shares to the Sellers to fulfill its obligation pursuant to the acquisition.

The Consideration Share Issue entails a dilution of approximately 17.72 per cent of the number of ordinary shares and votes in the Company. Through the Consideration Share Issue, the number of ordinary shares and votes in the Company increases by 27,626,666 ordinary shares from 128,316,734 to 155,943,400.

The share capital entails an increase by SEK3,313,656.31 from SEK15,390,838.5103 to SEK18,704,494.82.

The Sellers have undertaken not to divest, subject to customary exceptions, any shares in the Company for a lock-up period of one year.

For further questions, please contact:

Carlos Barrios - CEO RightBridge Ventures Group AB  
Telefon: +46 705 112579
E-post: carlos.barrios@rightbridge.se

RightBridge Ventures is a compounder and investment company based in Stockholm (Sweden) dedicated to investing in companies that shape the future of esports and gaming as part of the digital media and entertainment industry. For more information visit www.rightbridge.se or get updates by following us on Twitter on Instagram and LinkedIn.

RightBridge Ventures Group AB (publ)'s shares are traded on the Nasdaq First North Growth Market and Amudova AB is a Certified Adviser.

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