Starbreeze Continues A-to-B Share Conversion, Trimming Voting Power of A Shares

An update from Starbreeze AB ( ($SE:STAR.B) ) is now available.

Starbreeze AB has reported a minor change in its share structure as part of its ongoing program to convert higher-vote series A shares into series B shares, with the long-term aim of having only series B stock outstanding. The company emphasizes that the conversion affects the distribution of voting rights, lowering the total number of votes, but leaves shareholders’ economic ownership unchanged.

During March, 365 series A shares were converted into an equal number of series B shares at the request of shareholders, bringing the total share count to 1,624,438,244, of which 142,127,318 are series A and 1,482,310,926 are series B. Following this latest adjustment, the total number of votes in Starbreeze amounts to 2,903,584,106, reflecting a gradual dilution of the A-share voting premium and a continued move toward a more streamlined, single-class capital structure.

The most recent analyst rating on ($SE:STAR.B) stock is a Hold with a SEK0.10 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 AB is an independent Swedish developer, publisher and distributor of PC and console games targeting the global market. Best known for its smash hit PAYDAY franchise, the company develops titles based on both proprietary and third-party IP, working in-house and with external partners, and its shares trade on Nasdaq Stockholm under the tickers STAR A and STAR B.

Average Trading Volume: 1,994,237

Technical Sentiment Signal: Sell

Current Market Cap: SEK167.2M

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