STARBREEZE
Rights Issue 2023
Starbreeze resolves on rights issue of SEK 450 million, subject to the approval of an extraordinary general meeting, to accelerate growth initiatives and strengthen the balance sheet.
Commenting on the announcement, Tobias Sjögren, CEO of Starbreeze said:
“We are thrilled to announce this transaction, which will enable us to accelerate the execution of our set growth strategy. We are happy with the strong support from our largest shareholders through subscription commitments and guarantee undertakings, where Digital Bros, in addition to its support for the Rights Issue, also has undertaken to convert its outstanding convertible loan to class B shares. With a cleaner balance sheet and a net cash position, we can fully focus on growth and generating value – for our players and our shareholders.”
Below are prospectus documents and subscription forms.
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2023-04-28 – Starbreeze resolves on Rights Issue - 2023-05-16 – Information about bid exemption
- 2023-05-23 – Terms for the Rights Issue
- 2023-05-26 – Publication Of Prospectus
- 2023-06-12 – Starbreeze extends the subscription period in the ongoing rights issue
- 2023-06-16 – Publication Of Prospectus Supplement
- 2023-06-21 Outcome in the oversubscribed rights issue
Preliminary timetable for the Rights Issue
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May 26, 2023 |
Last day of trading in Starbreeze shares including the right to participate in the Rights Issue |
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May 26, 2023 |
Planned announcement date of the prospectus |
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June 16, 2023 |
Planned announcement date of the supplement to the prospectus |
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May 30, 2023 |
Record date for participation in the Rights Issue, i.e. holders of shares who are registered in the share register on this day will receive subscription rights for participation in the Rights Issue |
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June 1-15, 2023 |
Trading in subscription rights |
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June 1-20, 2023 |
Subscription period |
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June 1-27, 2023 |
Trading in BTAs (Sw. betalda tecknade aktier) |
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June 21, 2023 |
Announcement of the outcome of the Rights Issue |