11/10/2018 15:15:32

Stillfront Group AB: Stillfront Group completes the acquisition of Imperia Online JSC

PRESS RELEASE 

11 October, 2018

Stillfront Group completes the acquisition of Imperia Online JSC

Stillfront Group AB (publ) ("Stillfront") has completed the acquisition of 100% of the shares in Imperia Online JSC ("Imperia" or the "Company") which was announced through a press release on 21 September 2018. All the closing deliveries have been fulfilled or waived as applicable and Stillfront has thus acquired the shares in Imperia Online JSC. The purchase price that Stillfront paid to the Sellers in connection with the closing amounted to EUR 10,000,000, of which approximately EUR 5,000,000 was paid in cash and the remaining approximately EUR 5,000,000 in 269,412 newly issued shares in Stillfront. Stillfront has previously resolved on the new share issue in kind which was announced through a press release on 10 October 2018. In connection with the closing, the Sellers subscribed for all the new issued shares and the board of directors of Stillfront resolved to allot the subscribed shares to the Sellers. Following the new share issue, Stillfront's share capital will amount to SEK 16,535,628.90 and the total number of shares to 23,622,327.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

Sofia Wretman, IR, Stillfront Group

Phone: +46 70 811 64 30

E-post: sofia@stillfront.com

ABOUT STILLFRONT

Stillfront is a group of independent creators, publishers and distributors of digital games - with a vision to become the leading group of indie game creators and publishers. Stillfront operates through nine near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta, Simutronics in the United States, Babil Games in UAE and Jordan, eRepublik in Ireland and Romania, OFM Studios in Germany and Goodgame Studios in Germany. Stillfront's games are distributed globally. The main markets are Germany, the United States, France, UK and MENA. For further information, please visit www.stillfront.com.

SELECTED GAMES

Stillfront's portfolio includes games across multiple platforms. Unravel and Unravel Two are widely acclaimed console games developed by Coldwood in collaboration with Electronic Arts. Supremacy 1914 and Call of War are high-immersion war strategy games developed by Bytro Labs. ManagerZone is a sports management strategy game launched in 2001. DragonRealms and GemStone IV are MUD-style games with a very loyal player base. Siege: Titan Wars(TM) is a popular mobile game developed by Simutronics. Nida Harb III and Admiral are mobile strategy games with very strong player bases, which are published by Babil Games. World at War: WW2 and War and Peace: Civil War are a successful mobile strategy games developed and published by eRepublik Labs. Online Fussball Manager is a leading sports management game. EMPIRE and BIG FARM are major brands operated by Goodgame Studios.

Nasdaq First North Ticker Symbol: SF

Certified Adviser: Avanza Bank, phone +46 8 4094 2120

The information was submitted for publication, through the agency of the contact person set out above, at 16.15 CEST on 11 October 2018.


This announcement is distributed by West Corporation on behalf of West Corporation clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Stillfront Group AB via Globenewswire

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