Gameforge AG offers shareholders 26 euros per share
Berlin, 29/06/2011: The shareholders of Frogster Interactive Pictures AG, an international publisher of massively multiplayer online games, re-elected Supervisory Board members Gerhard Koning and Alexander R?sner for a period of five years during the annual shareholder meeting yesterday. Newly elected to the Supervisory Board was Christoph Jennen, CFO of?majority shareholder?Gameforge AG, replacing Hans-Joachim Schwenke. The Supervisory Board re-elected Gerhard Koning as Chairman and Alexander R?sner as Vice Chairman during their constitutive meeting.
Besides that, the shareholders also approved the Domination and Profit Transfer Agreement signed between the Executive Board of Frogster Interactive Pictures AG and Gameforge AG on 13/05/2011. In conjunction with the contract, Gameforge AG?offers?Frogster’s shareholders inter alia a cash severance payment of 26.00 euros per share. Audit firms had appraised the fair value of the share at 25.12 euros.
Contact: Frogster Interactive Pictures AG, Tel. +49 (0)30-28 47 01-0
Frogster– We take you to a new world!
The Frogster group is a Berlin-based, listed publisher of online games. Frogster focuses on the marketing and operation of virtual worlds, so-called massively multiplayer online games– one of the strongest growing sectors in the entertainment industry. With its top titles‘Runes of Magic’,‘Mythos’ and‘Bounty Bay Online’ Frogster has already gathered over 6 million registered players worldwide. For a release in 2011 Frogster has announced the highly ambitious MMO game‘TERA’’.?Frogster also intends to enter into the rapidly growing market of browser games with?‘Throne of Fire’ and?‘Bounty Bay Live’shortly.?Currently the Frogster group employs more than 200 staff members in the fields of licensing, IT, web design and web development, product management, marketing, PR, community management, support, sales, hosting, billing and finance/administration. Frogster’s subsidiaries Frogster Online Gaming, Frogster America and Frogster Pacific market and operate their games in Europe, America and Oceania respectively.?The shares of the Frogster Interactive Pictures AG have been listed in the Entry Standard segment of the Frankfurt stock exchange since February 2006.?Internet:? www.frogster.de
Director Corporate Communications
Frogster Interactive Pictures AG
Hardenbergstr. 9A? 10623 Berlin? Germany
Tel???+49 (0)30-28 47 01 44
Fax???+49 (0)30-28 47 01 11
Cell???+49 (0)171-34 78 460