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Starbreeze AB Announces Share Conversion

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Starbreeze AB Announces Share Conversion

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Starbreeze AB ( ($SE:STAR.B) ) just unveiled an announcement.

Starbreeze AB has announced a conversion of 134,236 series A-shares into series B-shares, as part of its ongoing program to eventually issue only series B-shares. This conversion reduces the total number of votes in the company but does not affect the ownership in terms of capital. The total number of registered shares now stands at 1,624,438,244, with 142,127,683 series A-shares and 1,482,310,561 series B-shares.

The most recent analyst rating on ($SE:STAR.B) stock is a Hold with a SEK0.11 price target. To see the full list of analyst forecasts on Starbreeze AB stock, see the SE:STAR.B Stock Forecast page.

More about Starbreeze AB

Starbreeze is an independent developer, publisher, and distributor of PC and console games targeting the global market. Known for its hit IP PAYDAY, the company develops games based on proprietary and third-party rights, both in-house and in partnership with external developers. Starbreeze shares are listed on Nasdaq Stockholm under the tickers STAR A and STAR B.

Average Trading Volume: 3,418,699

Technical Sentiment Signal: Strong Sell

Current Market Cap: SEK200.7M

See more insights into STAR.B stock on TipRanks’ Stock Analysis page.

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