@Evilfreud , det ser ut som at det “cashless transaction” som skal godkjennes
The joint venture company will hold interactive/video gaming Intellectual
Property (IP) rights based on the works of Robert E. Howard and classic Swedish
pen & paper and board game properties, including attractive IPs such as “Conan
the Barbarian”, “Solomon Kane”, “Mutant Chronicles”, “Mutant: Year Zero”. This
is a cashless transaction where Funcom receives a 50% ownership in the joint
venture in exchange for issuing 22,300,000 new shares in the Company (the
"Consideration Shares"), each at a subscription price of NOK 2.6, to Cabinet
Group. The transaction is subject to customary terms and conditions, including
the approval by the shareholders of Funcom, and is expected to be completed on
or about 30 January 2018.
Edit, det er begge som skal godkjennes;
Finally, the Company intends to execute a 5:1 reverse stock split exchanging
five existing shares for one new share. The reverse stock split will not affect
the total market value of the Company or the respective ownership of each
shareholder in Funcom. If the reverse share split is approved, the par value per
Share will increase from EUR 0.04 to EUR 0.20 and if completed prior to issuance
of the Consideration Shares and New Shares all amounts of shares and
subscription prices will be amended in accordance with the reverse stock split
(i.e. in a ratio of five to one). A separate notice with key information
regarding the reverse stock split will be published in due time.
The Supervisory Board has approved the above transactions subject to approval of
an Extraordinary General Meeting to be held on or around 30 January 2018. A
separate stock notice is planned to be released later today with the agenda and
other details regarding this General Meeting.