Report from the Extraordinary General Meeting of shareholders in Starbreeze AB (publ)
STOCKHOLM–– The Extraordinary General Meeting of shareholders in Starbreeze AB (publ) was held today on 13 August 2020 in Stockholm. The Extraordinary General Meeting resolved in accordance with the Board of Directors’ proposal on amendment of the Articles of Association and approved the Board of Directors’ resolution on a rights issue of new shares of class A and class B with preferential rights for existing shareholders.
The Extraordinary General Meeting resolved to amend § 4 and § 5, p. 5.1 of the Articles of Association by adjusting the limits of the share capital and the number of shares in the company. According to the amended Articles of Association, the share capital shall be not less than SEK 7,000,000 and not more than SEK 28,000,000. The number of shares in the company shall be not less than 350,000,000 and not more than 1,400,000,000.
The Extraordinary General Meeting also approved the Board of Directors’ resolution on a rights issue of new shares of class A and class B with preferential rights for existing shareholders. The terms of the rights issue entitle persons registered as shareholders in Starbreeze on the record date, 20 August 2020, to receive one (1) subscription right for each share of class A and class B. One (1) subscription right entitles to subscription of one (1) new share with primary preferential rights, of which subscription rights of class A entitle to subscription of shares of class A and subscription rights of class B entitle to subscription of shares of class B. New shares not subscribed for with primary preferential rights are offered for subscription to all shareholders (subsidiary preferential rights). The subscription price is set at SEK 0.69 per share.
Please find below the preliminary timetable for the rights issue.
| 18 August 2020 | Estimated date for publication of the prospectus |
| 18 August 2020 | Last day of trading in the Starbreeze share including the right to participate in the rights issue |
| 19 August 2020 | First day of trading in the Starbreeze share excluding the right to participate in the rights issue |
| 20 August 2020 | Record date, i.e. shareholders registered in the share register on this day will receive subscription rights for participation in the rights issue |
| 24 August – 3 September 2020 | Trading in subscription rights |
| 24 August – 7 September 2020 | Subscription period |
| 24 August – 9 September 2020 | Trading in paid subscribed shares 1 (BTA 1). Please note the updated last day of trading compared to what has previously been communicated. |
| 9 September 2020 | Estimated date of publication of the outcome of the rights issue |
##
For more information, please contact:
Torgny Hellström, Chairman of the Board of Directors
torgny.hellstrom@starbreeze.com
Maeva Sponbergs, EVP Communication
Phone number: +46(0)8-209 208, email: ir@starbreeze.com
The information was submitted for publication through the agency of the contact person set out above on 13 August 2020 at 14:30 CET.
About Starbreeze
Starbreeze is an independent developer and creator of PC and console targeting the global market, with studios in Stockholm, Barcelona and Paris. Housing the smash hit IP PAYDAY, Starbreeze develops games based on proprietary and third-party rights, both in-house and in partnership with external game developers. 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