Change in the Number of Shares and Votes in Starbreeze

STOCKHOLM, October 31, 2017 /PRNewswire/ -- Starbreeze AB today announces that the number of Class B shares increased by 1,425,958 in October. As of today the number of Class A shares is 55,553,602 and the number of Class B shares is 227,471,834. The number of votes decreased by 2,757,842 in October and is today 783,007,854.

In accordance with the articles of association Class A shares shall, upon request of the holder of such shares, be converted into Class B shares. In October 418,380 Class A shares were converted into Class B shares, which did not change the total number of shares but reduced the number of votes by 3,765,420.

In August Starbreeze reached agreement with the owners of Dhruva Interactives to complete the acquisition of 90.5 percent of the shares in that company. The purchase consideration consisted of USD 8.5 million in cash payment, while part of the seller group acquired 1,007,578 newly issued Starbreeze Class B shares worth USD 1.5 million. The change is as of today's date the subject of registration with the Swedish Companies Registration Office.

As of 31 October 2017, Starbreeze's share capital amounts to SEK 5,660,508, distributed among a total of 283,025,436 shares, of which 55,553,602 Class A shares and 227,471,834 Class B shares. The number of votes amounts to 783,007,854. 

For more information, please contact:

Ann Charlotte Svensson, Head of Investor Relations and Corporate Communications

Tel: +46(0)8-209 208, email: [email protected]

This information is information that Starbreeze AB is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at 15:30 CET on 31 October 2017.

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SOURCE Starbreeze AB