June 28, 2017
Stillfront Group approved for listing on Nasdaq First North Premier
Nasdaq has approved the Stillfront Group’s application for listing on Nasdaq First North Premier. Compared with the list that the Stillfront Group is listed on the today, are the requirements to be listed on Nasdaq First North Premier higher and largely complies with the rules and regulations applicable on the regulated market of Nasdaq Stockholm.
With the publication of the annual report for 2016 apply Stillfront Group the international accounting standard IFRS. Stillfront Group has applied since 16 June 2017 the Swedish code of corporate governance, also known as the Code. A to change its listing to the Nasdaq First North Premier is a seal of approval that allows for more institutional investors to invest in the Stillfront and is a natural step on the way to the Nasdaq Stockholm.
The Nasdaq First North Premier is a list of companies that committed to comply with stricter regulations concerning information disclosure, accounting standards and corporate governance. In the annual report for 2016, which was published in april, has Stillfront Group migrated to IFRS and applied continued IFRS. IFRS is the international standard for reporting and a requirement for listing on Nasdaq First North Premier and the Nasdaq Stockholm. Stillfront Group has also chosen to follow the Swedish code of corporate governance, which is optional but recommended for the Nasdaq First North Premier and a condition for being listed on Nasdaq Stockholm.
“Stillfront Group has had a very positive development since the listing on Nasdaq First North. Our single-minded and long-term work to build a company with a balanced risk/return by establishing a portfolio of studios and games has produced results: We are growing strongly with good profitability. The recent issuance of a bond to ensure that we have the financial resources for continued growth, both organically and through acquisitions.
A to change its listing to the Nasdaq First North Premier, with the same rules and requirements of Nasdaq Stockholm is a natural step towards a listing on the regulated market. With the application of the Swedish code of corporate governance and financial reporting according to IFRS, meet the Stillfront Group is already today the essential elements of the requirements placed on companies listed on the regulated market.” says Jörgen Larsson, ceo of Stillfront Group.
Stillfront Group has been listed on Nasdaq First North since december 2015. The first day of trading on Nasdaq First North Premier will be on June 29, 2017.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jörgen Larsson, CEO
Tel: 070-321 1800
Sten Wranne, CFO
Phone: +46 705 851258
Stillfront is a group of independent developers, publisher and distributor of digital games – with the vision to become one of the leading group of 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 game from eRepublik Labs.
The Nasdaq First North ticker symbol: SF
Certified Adviser: Avanza Bank, tel 08-4094 2120
This information is such that Stillfront Group AB (publ) is obliged to publish in accordance with the EU regulation on market abuse. The information submitted through the above contact person in the government for publication on 28 June 2017 08.45 CEST.