On
Completion of the transaction
All conditions for the transaction, including regulatory approvals such as merger control clearance, have now been fulfilled and the transaction may be completed.
Embracer has, therefore, today acquired approximately 96 percent of
The day one consideration of approximately
Furthermore, the minority interest of approximately 4 percent of the shares in
The Closing Consideration Shares are, and the Additional Consideration Shares if issued will be, priced at
Share issue and lock-up
Today, in total 40,060,091 shares have been issued, subscribed for and allotted, which comprise the Closing Consideration Shares and the number of shares and votes have increased correspondingly. The Closing Consideration Shares represent approximately 3.54 percent and 2.31 percent of the total number of shares and votes in Embracer, respectively, on a fully diluted basis. By issuing the Closing Consideration Shares the share capital increases by approximately
The Additional Consideration Shares assuming fulfillment of certain conditions and potential exercise of the put and/or call options and when issued would represent 3.61 percent and 2.36 percent of the total number of shares and votes in Embracer, respectively, on a fully diluted basis. If the Additional Consideration Shares would be issued the number of shares and votes would increase by 40,840,363. The share capital would increase by approximately
In total, the Closing Consideration Shares and the maximum Additional Consideration Shares that would be issued together would represent 6.90 percent and 4.56 percent of the total number of shares and votes in Embracer, respectively, on a fully diluted basis. By issuing the Closing Consideration Shares and potentially all the Additional Consideration Shares the number of shares would increase by 80,900,454 to 1,171,952,493 and the number of votes would increase by 80,900,454 to 1,773,136,959. The share capital would increase by approximately
50 percent of the Closing Consideration Shares are subject to a 12 months lock-up undertaking and 50 percent of the Closing Consideration Shares are subject to a 18 months lock-up undertaking.
For further information on the transaction, reference is made to the press release announced on
Advisers
For additional information, please contact:
Tel: +46 708 47 19 78
E-mail: lars.wingefors@embracer.com
Tel: +46 704 52 57 63
E-mail: beatrice.forsgren@embracer.com
About
With its head office based in Karlstad,
Subscribe to press releases and financial information:
https://embracer.com/investors/subscription/
Important information
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Embracer in any jurisdiction, neither from Embracer nor from someone else.
This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in Embracer's shares. Any investment decision regarding Embracer's shares must be made on the basis of all publicly available information relating to the company and the company's shares. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. This announcement does not constitute a recommendation. Each investor or prospective investor should conduct his, her or its own investigation, analysis and evaluation of the business and data described in this announcement and publicly available information. The price and value of securities can go down as well as up. Past performance is not a guide to future performance.
https://news.cision.com/embracer-group-ab/r/embracer-group-completes-the-acquisition-of-asmodee,c3520132
https://mb.cision.com/Main/15049/3520132/1545722.pdf
(c) 2022 Cision. All rights reserved., source