Balance day for the consolidation of shares in Jumpgate AB
The Board of Directors in Jumpgate AB (publ) ("Jumpgate" or the "Company") have, based on an authorization from the Annual General Meeting held on June 18, 2024, resolved that the balance day for the consolidation of shares shall be October 3, 2024. Through the consolidation, one hundred (100) present shares will be consolidated to one (1) share.
Consolidation of shares
The Annual General Meeting resolved on June 18, 2024 to consolidate shares by consolidating one hundred (100) present shares to one (1) share. To enable the consolidation, it was also resolved to change the limits of the number of shares in the Articles of Association. These decisions have been registered by the Swedish Companies Registration Office. The Board has now, in accordance with the authorization from the General Meeting, decided that the balance day for the consolidation of shares shall be October 3,2024.
The Company's shareholders do not need to take any measures to participate in the consolidation. The shareholders will automatically receive a new, lower number of shares in proportion to their shareholdings on the balance day, October 3, 2024. The shareholders with a shareholding which on the balance day is not evenly dividable according to the consolidation quote one hundred (100) will receive shares free of consideration through one of the Company's larger shareholders to make the shareholding evenly dividable. Through the consolidation, the number of shares in Jumpgate will be decreased from 1 158 516 632 to 11 585 166, with a quote value of 2,753977 SEK per share. As a consequence of the consolidation, Jumpgate's share will change ISIN-code. As of October 2, 2024, the share will be traded with the new ISIN code SE0023113154.
Time Plan
The following time plan applies for the consolidation:
2024-10-01 Final day of trading before the consolidation
2024-10-02 First day of trading after the consolidation (as of this date, the share price reflects the effect of the consolidation and Jumpgate's share is traded with the new ISIN code SE0023113154.
2024-10-03 Balance date for the consolidation
2024-10-04 Finalizing the consolidation
For additional information
Harald Riegler CEO, Jumpgate AB Phone: +46 (0)705 - 54 73 33 E-mail: harald@jumpgategames.se
About the Company
Jumpgate AB is an independent group of game development companies founded in 2011, comprising five game studios: Nukklear (Hannover), Tivola Games (Hamburg), gameXcite (Hamburg), Funatics (Düsseldorf) and Tableflip Entertainment (Visby). The group develops and publishes its own games as well as developing games and other digital products for external companies. The companies in the group have established collaborations with strong industry partners and exciting product portfolios with large potential. The group is engaged in the global market, distributing games on a worldwide basis and has a large international network. For more information: www.jumpgategames.se