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Embracer Group acquires Flying Wild Hog - Seite 3

Nachrichtenquelle: PR Newswire (engl.)
18.11.2020, 08:53  |  165   |   |   

"We're so excited to see Flying Wild Hog join Embracer Group's portfolio of globally-renowned game developers. We always knew there was enormous potential in Flying Wild Hog and we couldn't be prouder to have been a part of their growth and success. This new partnership with Embracer will see them reach even greater heights." says Supernova founder and Managing Partner Paul Wedgwood.

"We are absolutely thrilled that Flying Wild Hog will be joining Koch Media and the Embracer family. Koch Media is a renowned publisher who has embraced our vision to create the most exciting, fast-paced, over the top action games for players worldwide. What drives Flying Wild Hog is the ambition to surprise fans with unique gaming experiences delivered to the highest quality. By joining forces with the notoriously energetic Embracer Group and Koch Media, we will be able to continue to grow and focus on delivering even more ambitious games. We fell in love with Embracer's vision to build an alliance of diverse and talented studios who keep their independence and creative freedom. It's an incredibly compelling opportunity which is why we're delighted by this partnership and what it holds for our future." says Michal Szustak, CEO Flying Wild Hog Studios.

Purchase Price and Management Incentive Program

The day one purchase price of MUSD 135.2 is equivalent to MUSD 137.2 on a cash and debt free basis and is paid in cash to Supernova Capital LLP. Additionally, a management incentive program has been set up in order to align interests going forward. The incentive program, which amounts to combined maximum 7.1 MUSD in Embracer B-shares is subject to fulfilment of agreed milestones and commitments to stay engaged over the coming 5 years.

The Management Incentive Shares are issued at completion of the transaction at a price of SEK 174.06 per share which equals the 20 day volume weighted average price of Embracer B shares on Nasdaq First North Growth Market up to and including 17 November 2020, and using the FX rate USD/SEK of 8.6133 per 17 November 2020.[2] The number of shares in Embracer thereby increase with 352,038 B shares, from 421,139,665 to 421,491,703 shares (divided on 33,399,137 A shares and 388,092,566 B shares.

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Disclaimer

Embracer Group acquires Flying Wild Hog - Seite 3 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION …

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