From October 2, 2019, the THQ Nordic-share will be traded under the new name Embracer Group. The renaming of the listed share will take effect as it has now been registered with the Swedish Companies Registration Office.
At the annual general meeting on September 17, 2019, it was resolved that Embracer Group AB will be the new name of former THQ Nordic AB. The new name has now been registered with the Swedish Companies Registration Office, and thus can also be implemented for the company's listed shares:
About Embracer Group
Embracer Group is the parent company of businesses developing and publishing PC and console games for the global games market. The group has an extensive catalogue of over 130 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro (licence), MX vs ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory and Wreckfest amongst many others.
The strategic rationale behind the renaming to Embracer Group AB is to clarify the Group structure and strategy with the parent company acting as a holding company. The Group currently has three wholly owned, operating subgroups: Koch Media / Deep Silver, Coffee Stain and THQ Nordic GmbH - all of which remain unchanged.
With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its three operative groups: Koch Media GmbH, THQ Nordic GmbH, and Coffee Stain AB. The group has 18 internal game development studios based in Germany, the Czech Republic, UK, Finland, USA and Sweden engaging more than 2800 employees and contracted employers.
The Embracer Group AB shares are listed at Nasdaq First North Growth Market with the ticker EMBRAC (as of 2 October). FNCA Sweden AB is the company’s Certified Nasdaq Adviser.