Stillfront announces its intention to list its shares on NASDAQ First North, Stockholm

Stillfront Group AB (publ) an independent creator, publisher and distributor of digital games, today announces its intention to raise equity capital by way of a private placement of shares and subsequently list its shares on Nasdaq First North, Stockholm
The board of directors considers the Offering as the logical next step for Stillfront to further support its strategy and development of its business. Additional capital and the listing of its shares would, among other things, benefit Stillfront in its efforts to recruit and retain top talent, execute on its growth strategy and contribute to increased recognition and brand awareness of Stillfront.
Jörgen larsson, CEO and founder comments: “2015 has been Stillfront’s most successful year to date with an incredible global response to the prelaunch marketing of Unravel, a puzzle-platform game developed by our Swedish subsidiary Coldwood in collaboration with Electronic Arts and the successful launch of Call of War, developed by our German subsidiary Bytro Labs. These recent successes provide further support that our business model is working, and we are now exploring ways to continue to expand.”
Per Skyttvall, Chairman of Stillfront comments: “I am delighted with Stillfront’s development over the last few years and believe we are in an excellent position for capitalizing on our scalable business model by accelerating our growth strategy towards our vision to become one of Europe’s leading indie game developers and publishers. Therefore, as a natural next step, the board of directors and management have decided to prepare the Company for a listing on Nasdaq First North.”
Stillfront is an independent creator, publisher and distributor of digital games with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally, however main markets include Sweden, Germany, the United States and South America.
Stillfront’s portfolio includes games across multiple platforms. Unravel, developed by Coldwood in collaboration with Electronic Arts, won 20+ awards at E3 and gamescom and is expected to be released in the first six months of 2016. 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. Gladiators Online is an action management strategy game, launched on Steam in Q4 2015.
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