Nitro Games Oyj- Nordisk Games has sold 6.5 million shares in Nitro Games to current shareholders and new investors

The transaction corresponds to approximately 26.0 per cent of the outstanding shares and votes in Nitro Games, and the sale was executed at a price of SEK 1.50 per share which corresponds to a total purchase price of approximately SEK 9.7 million. The transaction was executed as a block trade, through the agency of Augment Partners AB.

Members of the Board of Directors and management of Nitro Games have participated in the transaction with a total of approximately SEK 2.7 million.

The block trade covered Nordisk Games’ entire holding of shares in Nitro Games and, following the transaction, Nordisk Games will no longer remain a shareholder in the Company.

For more information:

Jussi Tähtinen, CEO & Co-Founder
Phone: +358 44 388 1071
Email: [email protected]

Nitro Games in brief:

Nitro Games is a mobile game developer and publisher. Nitro Games team is a multinational group of mobile gaming professionals with expertise from development to publishing to live operations. The Company focuses on producing high-quality mobile games mostly for the mid-core audience. Nitro Games is specialized in the category of shooter games. With Nitro Games’ powerful NG Platform and the NG MVP process, the Company is able to carry out market validation with its games during development. Nitro Games has developed several games such as Autogun Heroes, NERF: Superblast, Lootland, Heroes of Warland, Medals of War, Raids of Glory. The company offers its services also to selected customers and has developed several successful projects to leading mobile gaming companies.

Nitro Games’ shares are listed on Nasdaq First North Growth Market with the ticker NITRO. The Certified Adviser is FNCA Sweden AB, [email protected].

www.nitrogames.com