At an extraordinary general meeting on September 29, 2022 in Rightbridge Ventures Group AB ("Rightbridge" or the "Company"), it was decided to merge the Company's shares through a so-called reverse split, meaning that twenty-five (25) existing shares are merged into one (1) share. The consolidation concerned the Company's ordinary shares, which are subject to trading on the Nasdaq First North Growth Market. The meeting authorizes the board to determine the record date for the consolidation. The company's board has today, with the support of this authorization, decided on the record date for the consolidation of shares to 3 November 2022.
The Extraordinary General Meeting of the Company decided on September 29, 2022, to merge shares 25:1, meaning that twenty-five (25) existing shares are merged into one (1) share. To enable the merger, it was also decided to change the limits of the articles of association for the minimum and maximum number of shares and share capital. The decision to merge and amend the articles of association has been registered with the Swedish Companies Registration Office and the company's board has today decided that the record date for the merger will be Thursday, November 3, 2022.
Timetable for the consolidation
1 november 2022 - Last day of trading before consolidation
2 november 2022 - First day of trading in the Company's shares after the consolidation. The share price as of this date should reflect the effect of the consolidation
3 november 2022 - Record date for consolidation
As a result of the consolidation, Rightbridge's share will change its ISIN code. As of November 2, 2022, the share is traded with the new ISIN code SE0019070749.
Through the merger, the total number of shares in the Company will decrease from 3,207,918,350 to 128,316,734 with a quota value of SEK 0.11994 per share.
Those shareholders whose holdings of shares on the record date are not evenly divisible by 25 will receive shares free of charge in order for the holding to be evenly divisible by the aggregation ratio 25. Provision of equalization shares is made through the provision of Euroclear Sweden AB, without additional measures needing to be taken by the shareholder.
For further questions, please contact:
Carlos Barrios - CEO RightBridge Ventures Group AB
Telefon: +46 705 112579
RightBridge Ventures is a compounder and investment company based in Stockholm (Sweden) dedicated to investing in companies that shape the future of esports and gaming as part of the digital media and entertainment industry. For more information visit www.rightbridge.se or get updates by following us on Twitteron Instagram and LinkedIn.