THQ Nordic AB (“THQ Nordic” or the “Company”) hereby announces its intention of a placement of approximately 7.2 million new Class B shares (the “New shares”) through a directed new share issue to Swedish and international institutional investors (the “Directed new share issue”). THQ Nordic has, based on the authorization given by THQ Nordic’s Annual General Meeting on May 16, 2017, engaged Carnegie Investment Bank to investigate the conditions for a placement of new Class B shares through a so-called “accelerated book-building” procedure. The reason for the deviation from the shareholders’ preferential rights are mainly to diversify the shareholder base among Swedish and international institutional investors and at the same time raise capital in a time efficient manner. The Company intends to use the proceeds from the Directed new share issue to finance new acquisitions of franchises and game development studios, as well as enable a higher rate of investment in the development of the Company.
The price of the New shares will be determined through an accelerated book-building procedure, which will begin today at 17:30 on September 19, 2017 and end before the commencement of trading on Nasdaq First North on September 20, 2017. The book-building procedure may, at the discretion of the Company, close earlier or later and may be cancelled at any time.
Carnegie Investment Bank AB (publ) has been appointed sole bookrunner and lead manager and Baker & McKenzie Advokatbyrå KB acts as legal counsel to the Company in connection with the Directed new share issue.
Embracer Group is a parent company of businesses led by entrepreneurs in PC, console, mobile and board games and other related media. The Group has an extensive catalog of over 850 owned or controlled franchises.
With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its twelve operative groups: THQ Nordic, PLAION, Coffee Stain, Amplifier Game Invest, Saber Interactive, DECA Games, Gearbox Entertainment, Easybrain, Asmodee, Dark Horse, Freemode and Crystal Dynamics - Eidos. The Group has 134 internal game development studios and is engaging more than 16,243 employees and contracted employees in more than 40 countries.