Stillfront Group AB: FKL restructures its ownership
January 18, 2018
FKL restructures its ownership
The three founders of Stillfront's subsidiary, Bytro Labs restructure their ownership in Stillfront. The founders Felix Faber, Tobias Kringe and Christopher Lörken have had their ownership jointly through the company FKL Holding, with one-third ownership each. A restructuring has now been carried out so that the three founders now own shares in Stillfront directly instead of indirectly via FKL Holding. The three founders thus have unchanged exposure in Stillfront. Following the transactions, FKL Holding has no ownership in Stillfront.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Sten Wranne, CFO
Phone: +46 705 851 258
Stillfront is a group of independent creators, publishers and distributors of digital games - with a vision to become the leading group of indie game creators and publishers. Stillfront operates through nine near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta, Simutronics in the United States, Babil Games in UAE and Jordan, eRepublik in Ireland and Romania, OFM Studios in Germany and GoodGame Studios in Germany. Stillfront's games are distributed globally. The main markets are Germany, the United States, France, UK and MENA. For further information, please visit www.stillfront.com.
Stillfront's portfolio includes games across multiple platforms. Unravel is a widely acclaimed console game developed by Coldwood in collaboration with Electronic Arts. Supremacy 1914 and Call of War are high-immersion war strategy games developed by Bytro Labs. ManagerZone is a sports management strategy game launched in 2001. DragonRealms and GemStone IV are MUD-style games with a very loyal player base. Siege: Titan Wars(TM) is a popular mobile game developed by Simutronics. Tank Storm and Admiral are mobile strategy games with very strong player bases, which are published by Babil Games. World at War: WW2 and War and Peace: Civil War are a successful mobile strategy games developed and published by eRepublik Labs. Online Fussball Manager is a leading sports management game. Empire and BigFarm are major IPs operated by GoodGame Studios.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Stillfront Group AB via Globenewswire
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