Stillfront Group AB (publ) (“Stillfront”) has completed the acquisition of 100 percent of the shares in Sandbox Interactive GmbH (“Sandbox”), which was announced through a press release on 18 December 2020. The sellers are the four co-founders of Sandbox.
On 17 December 2020, the Extraordinary General Meeting in Stillfront Group AB (publ) resolved on a division of the company’s shares (share split), whereby each existing share is divided into ten shares (10:1). The board of directors was authorised by the Extraordinary General Meeting to determine the record day for the share split.
INSIDE INFORMATION: Stillfront Group AB (publ) (“Stillfront”) earlier today announced the signing of agreements to acquire 100 percent of the shares in Super Free Games, Inc. (under name change from Super Lucky Casino Inc.) (“Super Free”) and Sandbox Interactive GmbH (“Sandbox”) for a combined upfront payment of approximately SEK 2.6 billion (the “Acquisitions”). As a result of the Acquisitions, Stillfront has decided to communicate that its proforma Net revenue and adjusted EBITDA including the Acquisitions amounted to SEK 3,550 million and SEK 1,373 million, respectively, for the period January to September 2020. Furthermore, Stillfront estimates that the Acquisitions will contribute with proforma Net revenue and adjusted EBITDA to Stillfront for the full year 2021 in the range of SEK 1,500-2,000 million and SEK 350-450 million, respectively. All numbers are preliminary and unaudited. Closing of the acquisition of Sandbox is expected no later than 30 December 2020 and closing of the acquisition of Super Free is expected no later than 29 January 2021, as communicated separately earlier today.
INSIDE INFORMATION: Stillfront Group AB (publ) (“Stillfront”), a leading free-to-play powerhouse of gaming studios, today entered into an agreement to acquire 100 percent of the shares in Super Free Games, Inc. (under name change from Super Lucky Casino Inc.) (“Super Free”) (the “Transaction”), a rapidly growing and profitable US-headquartered gaming company focusing on market-leading Casual games including successful titles such as Word Collect, Word Nut and Trivia Star. The sellers are the joint founders and main owners of Super Free as well as certain key employees and other investors. The consideration payable to the sellers will be paid partly in cash and partly in shares in Stillfront.
INSIDE INFORMATION: Stillfront Group AB (publ) (“Stillfront”), a leading free-to-play powerhouse of gaming studios, today entered into an agreement to acquire 100 percent of the shares in Sandbox Interactive GmbH (“Sandbox”) (the “Transaction”), a rapidly growing and highly profitable gaming company and the developer and publisher of the popular cross-platform free-to-play (F2P) sandbox MMORPG Albion Online. The sellers are the four co-founders of Sandbox. The consideration payable to the sellers will be paid partly in cash and partly in shares in Stillfront.
Stillfront Group AB (publ) held an extraordinary general meeting on 17 December 2020 where mainly the following resolutions were adopted.
Stillfront has signed an unsecured revolving credit facility of SEK 3.75 bn with maturity…
The shareholders of Stillfront Group AB (publ), reg. no. 556721-3078 (“Company” or “Stillfront”), are hereby convened to an Extraordinary General Meeting on Thursday 17 December 2020 at 4.00 pm. The Extraordinary General Meeting will be held only by postal voting. Proposed agenda for the meeting includes resolutions on a share split, a long-term incentive program and an authorization for the board of directors to issue shares, convertible instruments and warrants.
In accordance with the resolution of the Annual General Meeting, the three largest shareholders in the company as per the last business day of September, 2020 shall be entitled to appoint one member each to the Nomination Committee. If any of the three largest shareholders declines to appoint a member of the nomination committee, the next largest shareholder shall be offered the opportunity to appoint a member of the nomination committee. The nomination committee may also decide that the chairman of the board of directors shall be a member of the nomination committee.
Highlights Q3 Net revenue of 1,027 (517) MSEK, an increase of 99 percent compared…
Stillfront Group AB (publ), a leading free-to-play powerhouse of gaming studios, hereby announces that it today has acquired 100% of the shares in Everguild Limited (“Everguild”), a rapidly growing independent game studio focusing on the digital Collectible Card Games (CCG) genre, for an upfront consideration of approx. GBP 1.06 million on a cash and debt free basis, of which GBP 0.54 million is payable in 5,971 newly issued shares in Stillfront and the remaining amount is payable in cash. The sellers are the joint founders and main owners of Everguild, Andres Tallos and Isabel Tallos (the “Founders”), and certain investors and key employees. The upfront cash consideration has today been paid to the sellers and the upfront share consideration has today been issued to the Founders.
Stillfront Group announces its interim results for July – September 2020 on 11 November…
Stillfront Group AB (publ) (“Stillfront”), a leading free-to-play powerhouse of gaming studios, has completed the acquisition of the first tranche of the shares in Nanobit, d.o.o, representing 78% of the shares in Nanobit, (the “First Tranche Transaction”) which was announced through a press release on 17 September 2020. The sellers are the joint founders and main owners of Nanobit, Alan Sumina and Zoran Vučinić, as well as certain key employees (the “Sellers”).
At Stillfront’s Capital Markets Update in Stockholm today, September 22, 2020, Stillfront’s CEO Jörgen Larsson and COO Alexis Bonte will provide an update on the Group’s long-term business strategy and goals, including an updated financial growth target for the period 2021-2023.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART,…
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22 June, 2020
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Press release
Stockholm 2020-06-17
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Stockholm 2020-06-16
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Stockholm
20200423
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2020-04-16
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Stockholm 2020-04-14
Translation of Swedish original
Pressmeddelande
Stockholm
2020-03-20
Stillfront Group AB (publ) (“Stillfront”), a global market leader in free-to-play online games, has…
Stillfront Group AB (publ) (“Stillfront” or “Company”) held an extraordinary general meeting on 7 February 2020. The general meeting adopted mainly the following resolutions in accordance with the proposals presented by the board of directors.
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Stockholm
2020-02-04
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Press release
Stockholm
2020-01-29
The shareholders of Stillfront Group AB (publ), reg. no. 556721-3078 (“Company”), are hereby convened…
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NOT FOR DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, SWITZERLAND, SOUTH AFRICA OR NEW ZEALAND OR ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES
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