The Atari Group provides an update on recent business developments and its perspectives on the occasion of the Game Developers Conference 2019 in San Francisco
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The Atari Group provides an update on recent business developments and its perspectives on the occasion of the Game Developers Conference 2019 in San Francisco

PARIS and NEW YORK, March 18, 2019 (GLOBE NEWSWIRE) -- On the occasion of the Game Developers Conference (« GDC »), one of the industry’s largest annual events being held in San Francisco until March 22, 2019, the Atari Group provides an update on recent developments for its four business units and their perspectives.

At the holding company level of Atari SA, the Group is working on a secondary listing on the Nasdaq First North segment in Stockholm.

Frédéric Chesnais, Atari CEO, said: « The Game Developers Conference always represents a good opportunity to review our recent achievements and the outlook for each aspect of our business, each of them advancing at their own pace and following a specific cycle. Our objectives for the next few years are clearly identified: continue our investments in games, our DNA; establish Atari VCS as a platform of reference, supported by a strong online community; develop Atari Casino through selective opportunities; position ourselves for the long-term in the blockchain space, by developing decentralized platforms in the Entertainment space alone or with partners. Finally, to further improve our visibility, we are studying a possible secondary listing of the Atari shares on the Nasdaq First North segment in Stockholm, which is already home to a number of well-known videogame companies.”

Atari Games:

Atari VCS:

Atari Casino:

Atari Partners:

The Atari Group remains fundamentally convinced of the long-term potential of the blockchain technology and has decided on the one hand to redefine its licensing agreement with INL in a mutual agreement, and on the other hand to pursue two specific projects, a game financing platform and an Atari Lotto platform. INL’s approach is much broader, which justifies the existence of two very targeted projects with different dynamics.

Atari SA – Project of a secondary listing of the shares on the Nasdaq First North segment in Stockholm

Atari, SA has applied for a secondary listing of the Atari SA shares on the Nasdaq First North segment in Stockholm, an exchange that is home to a number of well-known video game companies. This listing will be achieved without any issuance of new shares, but through the listing of existing shares, which will be placed in a retail offering in Sweden for an amount around €1 million.

These existing shares will come from a share buyback on the French market, through the implementation of the share buyback program authorized by the General Meeting of Shareholders on September 28, 2018. A description of this share buyback program limited to a maximum amount of €1 million will be published by way of a separate press release prior to its implementation.

In order to guarantee the delivery of these shares in Sweden and to provide the company with full flexibility in its implementation of the share buyback program Ker Ventures, the holding company of Frédéric Chesnais, has given its approval to the Board of Directors for a temporary non-remunerated stock loan that would cover the maximum amount of the placing.

Disclaimer

There is still inherent uncertainty in the completion of these projects, their operating budget and financing plan, and the failure of these assumptions to materialize may affect their value.

About Atari

Atari, comprised of Atari SA and its subsidiaries, is a global interactive entertainment and multiplatform licensing group. The true innovator of the video game, founded in 1972, Atari owns and/or manages a portfolio of more than 200 games and franchises, including globally known brands such as Asteroids®, Centipede®, Missile Command® and Pong®. From this important portfolio of intellectual properties, Atari delivers attractive online games for smartphones, tablets, and other connected devices. Atari also develops and distributes interactive entertainment for Microsoft, Sony and Nintendo game consoles. Atari also leverages its brand and franchises with licensing agreements through other media, derivative products and publishing. For more information:  www.atari.com and  www.atari-investisseurs.fr Atari shares are listed in France on Euronext Paris (Compartment C, Code Isin FR0010478248, Ticker ATA) and are eligible for the Nasdaq International program in the United States (OTC - Ticker PONGF).

Contacts

Atari - Philippe Mularski, CFO
Tel +33 1 83 64 61 57 - Email Contact
                               Calyptus - Marie Calleux
Tel + 33 1 53 65 68 68 – Email Contact
   

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