EveryMatrix Expands Its Reach by Acquiring Fantasma
EveryMatrix Software Limited, a prominent player in the gaming and software industry, has made a significant move by acquiring a majority stake in Fantasma Games AB. This acquisition marks a pivotal moment for EveryMatrix as it solidifies its position in the market by taking ownership of 95.19 percent of the shares in Fantasma.
The Details Behind the Offer
On September 18, a formal public cash offer was extended by EveryMatrix to the shareholders of Fantasma Games. The offer was set at SEK 59 per share, attracting considerable interest from shareholders. Following an acceptance period that allowed shareholders to respond, EveryMatrix successfully secured 85.65 percent of the shares during this time.
Shareholder Response and Acceptance
The response from Fantasma's shareholders was overwhelmingly positive, with a significant portion choosing to accept the offer. The acceptance period concluded with strong participation, demonstrating confidence in EveryMatrix's vision for the company. In addition to the shares acquired through the formal offer, EveryMatrix also obtained 150,000 shares from other market transactions, further boosting their stake.
Anticipated Settlement Process
The settlement process for the acquired shares is expected to commence around mid-October. EveryMatrix has indicated that it will not extend the acceptance period, signaling a decisive conclusion to this phase of the acquisition. This streamlined approach ensures that both EveryMatrix and Fantasma can move forward effectively with their business strategies.
Future Plans for Fantasma
EveryMatrix aims to initiate a compulsory buy-out process for any remaining shares not yet acquired. This move facilitates a complete integration of Fantasma into the EveryMatrix portfolio, allowing for enhanced strategic alignment. Furthermore, plans are underway to promote the delisting of Fantasma from the Nasdaq First North Growth Market as this transition occurs.
About EveryMatrix
EveryMatrix has established itself as a robust provider of software solutions for the gaming industry. With a focus on innovation and a commitment to excellence, it continuously seeks opportunities to expand its offerings and market presence through strategic acquisitions and partnerships.
Frequently Asked Questions
What is the significance of EveryMatrix's acquisition of Fantasma?
This acquisition reinforces EveryMatrix's position in the gaming sector, providing access to new markets and technologies offered by Fantasma.
What is the acquisition price for Fantasma shares?
EveryMatrix offered SEK 59 per share for Fantasma Games, which was well-received by shareholders.
What percentage of shares does EveryMatrix now own in Fantasma?
EveryMatrix now owns 95.19 percent of all shares in Fantasma Games, solidifying its majority control.
When is the settlement for the acquisition expected to occur?
The settlement for the shares acquired is anticipated to begin around mid-October.
What are the future plans for Fantasma after the acquisition?
EveryMatrix plans to execute a compulsory buy-out of remaining shares and promote the delisting of Fantasma from Nasdaq First North Growth Market.
