Majority owner Varvtre AB changes its ownership in Starbreeze
STOCKHOLM (6th October 2017) Starbreeze AB has been informed that its majority owner, Varvtre AB, owned by the CEO Bo Andersson Klint, has completed an off-market transaction where Varvtre exchanges 2.0 million class B shares against the same amount of A shares and sells 3.25 million B shares to one of Starbreeze existing institutional owners.
Varvtre’s net sales of shares is conducted for personal economic reasons, where the majority of funds from the transaction will be used to pay off loans that funded previous year's purchase of Class B shares in Starbreeze. Following the transaction, Bo Andersson Klint, directly and indirectly via Varvtre, owns 18,618,667 Class A shares and 5,377,886 Class B shares, representing 24.38 percent of the votes and 8.51 percent of the holding in Starbreeze. The transaction represents an increase of 1.88 percent of Varvtre’s total number of votes.
For more information, please contact:
Ann Charlotte Svensson, Head of Investor Relations and Corporate Communications
Tel: +46(0)8-209 208, email: email@example.com
Starbreeze is a global game company whose vision is to be a leading provider in the entertainment industry by creating world-class experiences. Starbreeze was founded in 1998 and has since evolved into a well-established developer and publisher of PC and console games and VR products aimed at the global market. With studios in Stockholm, Paris, Los Angeles, Barcelona and Brussels, Starbreeze develops high-quality entertainment products based on proprietary and third-party rights, both in-house and in partnership with external game developers. Operations are organized in three business areas: Starbreeze Games for proprietary game development, Publishing, and VR Tech for technology development including the StarVR venture. Starbreeze shares are listed on Nasdaq Stockholm under the tickers STAR A and STAR B with the ISIN-codes SE0007158928 (A share) and SE0005992831 (B share). For more information, please visit starbreeze.com