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) 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”), and (ii) 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”).
The Private Placement 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 New Shares that have been issued to Swedbank Robur Fonder AB is 6,800,000, each with a par value of EUR 0.20 and at a subscription price of NOK 13.00 per New Share. The New Shares will be held by the funds Swedbank Robur Ny Teknik and Swedbank Robur Microcap. The share capital increase has been formalized today through a deed of issuance pursuant to Dutch law.
The New Shares will initially be registered on a separate ISIN. The listing of the New 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 New 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 New Shares.
Disclosure of shareholding
Funds managed by Swedbank Robur Fonder AB will hold 6,800,000 shares in Funcom, corresponding to 10.51% of the total outstanding shares, after the distribution of the New Shares. After the distribution of the Consideration Shares to Tranicos LLC (expected on or about 8 February 2018), funds managed by Swedbank Robur Fonder AB will hold 9.83% of the total outstanding shares.
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Any enquiries may be addressed to: firstname.lastname@example.org
Badhoevedorp, 1 February 2018
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.