27 June 2017
Stillfront completes the acquisition of eRepublik Labs
Stillfront Group AB (publ) (“Stillfront”) has completed the acquisition of 100% of the shares in eRepublik Labs. Limited (the”eRepublik” or the “Company”), which was announced by press release on 30 may 2017. The acquisition was subject to no circumstance or event inträffats or come to light which may reasonably be have a material adverse effect on the Company and its subsidiaries or Stillfronts consolidated revenue. The condition has been met, and Stillfront has taken over the shares in eRepublik. The purchase price Stillfront paid to the sellers of eRepublik (“the Sellers”) in connection with the access amounted to EUR 7 500 000, of which EUR 4 050 000 was paid in cash and the remaining EUR 3 450 000 with 441 233 newly issued shares in the Stillfront. Stillfront has previously made a decision on non-cash issue of new shares which was announced by press release on 20 June 2017. In connection with the access to the subscribed Vendors for all the shares in the issue in kind and Stillfronts board of directors has decided to assign the subscribed shares to the Sellers. Stillfronts share capital will after the new issue amount to $ 4 497 505,60 and the number of shares to 6 425 008.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jörgen Larsson, CEO of Stillfront
Tel: +46 70 321 18 00
Sten Wranne, CFO, Stillfront
Tel: +46 70 585 12 58
Stillfront is an independent developer, publisher and distributor of digital games – with the vision to become a leading indie game developers and publishers. Stillfront is active through seven almost independent subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in Sweden and the united kingdom, Dorado Online Games in Malta, Simutronics in the united states, basra province Games in the UAE and Jordan as well as eRepublik Labs in Ireland and in Romania. The group’s games are distributed globally, and has its main markets in France, UK, Germany, USA and MENA. For more information, visit the Stillfronts website www.stillfront.com.
Stillfronts portfolio includes games for a variety of platforms. Unravel, developed by Coldwood, in collaboration with Electronic Arts, were awarded at E3 and gamescom over 20 awards and was launched in February 2016. Supremacy 1914, the Call of War is krigsstrategispel developed by Bytro Labs. ManagerZone is a sportsmanagementspel which was launched in 2001. DragonRealms and GemStone IV are the so-called MUD-game with a very loyal player base. Lara Croft Relic Run(TM) is a popular mobile game developed by Simutronics. Tank Storm and the Admiral are mobilstrategispel with very strong spelarbaser, which is in the region of basra province Games. World at War is a successful mobile strategy that is being developed and is in the region of eRepublik Labs.
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Certified Adviser: Avanza Bank, tel 08-4094 2120
This information is such information as the Stillfront Group AB (publ) is obliged to publish under the EU marknadsmissbruksförordning. The information was submitted, through the above contacts in the government, for publication on 27 June 2017 at 19.35 BST.