Memorandum for investment in filesharing sites released.
A Board resolution was passed at a Board Meeting on October 5, 2010 to issue 44.477.714 shares equivalent to 8.895.542,80 SEK in Global Gaming Factory X AB (GGF) in a pre-emptive rights issue, supported by the Board of Directors' mandate from the Annual Shareholders Meeting on June 30, 2010.
60,48% of the rights issue, i.e. 26.901.102 shares worth 5.380.220 SEK has been subscribed to.
The funds raised from the rights issue will be invested in the acquisition of filesharing sites together with foreign investors.
Annual Report and Trading halt
The trading halt will be lifted after the release of the Annual Report for 2009, not later than October 12, 2010.
The Record Date is October 8, 2010
The last trading day incl. the Subscription Rights in GGF shares was October 5. As of October 6, 2010 the GGF shares were traded excluding rights in the forthcoming Rights Issue.
The Subscription Period is October 12 - October 26, 2010
The trading period for the Paid Subscription Share is October 12, 2010 until the Registration of the Issue.
One (1) old share entitles one (1) Subscription Right. Seven (7) Subscription Rights entitles to subscribe to one (1) new share at 0,20 SEK per share.
The Subscription Period is October 12 - October 26 2010
Number of shares before the Issue is 311.344.000.
Number of Subscription Rights 311.344.000
The total offering in this Issue is 44.477.714 new shares.
Stockholm October 6, 2010
The Board of Directors
Global Gaming Factory X AB
For more information please contact:
Music Business Relations Manager,
+46 (0)70-252 00 00
The following documents can be retrieved from beQuoted
Global Gaming Factory Pressrelease 2010-10-07.pdf
Global Gaming Factory Investment memorandum.pdf