Reference is made to the stock exchange announcement by Funcom N.V. (“Funcom” or the “Company”, ticker “FUNCOM”) on 18 December 2017 regarding, inter alia, (i) the entry into an agreement regarding the establishment of a joint venture with Cabinet Group LLC and the issuance of 22,300,000 new shares in Funcom, each with a par value of EUR 0.04, at a subscription price of NOK 2.6 per share (the “Consideration Shares”), to Tranicos LLC (the “Cabinet Transaction”), and (ii) a private placement of 34,000,000 new shares, each with a par value of EUR 0.04, at a subscription price of NOK 2.6 per share (the “New Shares”), directed towards SwedBank Robur Ny Teknik and SwedBank Robur Microcap funds, both funds managed by Swedbank Robur Fonder AB (the “Private Placement”).
The Cabinet Transaction has now been completed. As a result of the reverse share split resolved by the Company’s extraordinary general meeting on 30 January 2018, the amount of Consideration Shares that have been issued to Tranicos LLC is 4,460,000, each with a par value of EUR 0.20 and at a subscription price of NOK 13.00 per Consideration Share. The share capital increase related to the Consideration Shares has been formalized today through a deed of issuance pursuant to Dutch law.
The Consideration Shares will initially be registered on a separate ISIN. The listing of the Consideration Shares is subject to a prospectus being approved by the Netherlands Authority for the Financial Markets, passported into Norway and published by the Company in accordance with applicable law. Following such approval and publishing, the Consideration Shares will be converted to the ordinary ISIN of the Company’s shares and be made tradable on the Oslo Stock Exchange. The prospectus, expected to be published in the middle of February 2018, will contain further details about, inter alia, the Consideration Shares.
Disclosure of shareholding and primary insider notification
Tranicos LLC will hold 4,460,000 shares in Funcom after the distribution of the Consideration Shares, corresponding to 6.45% of the total outstanding shares. Tranicos LLC is a company controlled by Cabinet Group LLC. Cabinet Group LLC is controlled by Fredrik Malmberg, a member of the Supervisory Board of Funcom. Fredrik Malmberg did not hold any shares in Funcom, neither directly or indirectly, prior to the Cabinet Transaction.
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Any enquiries may be addressed to: email@example.com
Badhoevedorp, 8 February 2018
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.