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FunRock AB changes name to Fragbite Group AB (publ)
At the Extraordinary General Meeting on May 3, 2021, a decision was made to change the name to Fragbite Group AB (publ). The Swedish Companies Registration Office has today registered the new name. In addition to this, the Swedish Companies Registration Office has also registered the other decisions made at the Extraordinary General Meeting on May 3, 2021, such as changes in the Articles of Association, residence and issuance of new and changes in existing warrants.
Sten Wranne and David Wallinder are proposed as new board members
FunRock AB (under name change to Fragbite Group AB) has recently convened an Annual General Meeting on June 29, 2021. A group of investors in the company proposes that Sten Wranne and David Wallinder be elected as new board members.
FunRock AB (under name change to Fragbite Group AB) announces intention to carry out a directed new share issue
THIS PRESS RELEASE CANNOT BE PUBLISHED, RELEASED, DISTRIBUTED, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, SINGAPORE, HONG KONG, JAPAN OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION WHERE PUBLICATION OR DISTRIBUTION OF INFORMATION MAY NOT BE COMPATIBLE BY LAW OR REQUIRE REGISTRATION OR OTHER ACTIONS.
FunRock AB (under namnändring till Fragbite Group AB) issues a bank debt facility
The Company’s Board of Directors has resolved to issue a new senior bank debt facility of million 15 SEK with a leading Nordic bank at competitive interest rate. The newly issued bank debt facility runs over 36 months with straight amortization rate during the term.
FunRock AB (under name change to Fragbite Group AB) completes the acquisition of a European games publisher
As communicated on May 11, 2021, FunRock AB (under name change to Fragbite Group AB) (“the Company”) has entered into an agreement to acquire all shares in the European games publisher Playdigious SAS (“Playdigious”). The Company has today completed the acquisition. The initial purchase price amounts to 5 MEUR on a cash and debt-free basis, with normal working capital adjustments, of which 3 MEUR has today been paid in cash on completion of the acquisition, and 2 MEUR of the initial purchase price will be paid in 5,062,502 newly issued shares (“the issued shares”). The issued shares has been issued at a share price of SEK 4. The issued shares is subject to a lock-up of 12 months.
FunRock AB (under name change to Fragbite Group AB) acquires a European games publisher
FunRock AB (under name change to Fragbite Group AB) has today entered into an agreement to acquire all shares in a European games publisher (“the Target Company”), which is an established games publisher that publishes indie games mainly for mobile phones, tablets and consoles. Through partnerships with game developers that already have released successful indie game titles, the Target Company publishes and markets these existing game titles as premium games on mobile platforms and consoles. The Target Company currently employs 15 people.
