Berlin, 20/05/2011:On 13/05/2011, Gameforge AG and Frogster Interactive Pictures AG signed a domination and profit transfer agreement with Gameforge AG as the dominating entity and Frogster Interactive Pictures AG as the subordinate entity. According to a statement from Gameforge AG, the company currently holds just under 92 percent of the shares of Frogster Interactive Pictures AG. The shareholders of Gameforge AG approved the domination and profit transfer agreement at the shareholder meeting on 16/05/2011. For the contract to be valid, it has to be approved at Frogster’s annual shareholder meeting and then registered with the commercial register competent for Frogster. The annual shareholder meeting will take place in Berlin on 28/06/2011.The agenda is available for perusal on the company’s website: http://frogster.de/de/hv.html.
In addition to other topics, the annual shareholder meeting will elect a new supervisory board. Suggested are the present chairman, Gerhard A. Koning, as well as Alexander Rösner and Christoph Jennen, CEO and CFO of Gameforge AG. Another topic on the agenda is the approval of the exit of Frogster Interactive Pictures AG from the Entry Standard, a subsegment of the open market at the Frankfurt Stock Exchange.
In relation to the domination and profit transfer agreement and the intended exit from the Entry Standard of the Frankfurt Stock Exchange, Gameforge AG will offer Frogster’s minority shareholders separate cash severance payments each at 26.00 euros per share. Shareholders who are willing to accept the offer can choose between the two, which are subject to the approval of the annual shareholder meeting.
The audit firm KPMG appraised Frogster at a value of 25.12 euros per share as a result of a formal assessment. A court-appointed contract auditor checked the plausibility of the domination and profit transfer agreement and the aforementioned appraisal, supporting the audit firm’s conclusion. This document is also available for perusalon on Frogster’s website: http://frogster.de/de/hv.html.
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
Mit freundlichen Grüßen
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