Resolutions of Nitro Games Oyj's Extraordinary General Meeting and Board of Directors; Board of Directors resolved on directed share issue.

Resolutions of the Extraordinary General Meeting

The Extraordinary General Meeting of Nitro Games Oyj ("Nitro Games" or the "Company") was held on 18 March 2021 in Kotka, Finland. A total of 11 shareholders and 3,926,962 shares and votes were represented in the meeting.

The Extraordinary General Meeting resolved on the following issues:

Authorizing the Board of Directors to resolve on directed issuance of shares

The General Meeting resolved in accordance with the proposal of the Board of Directors to authorize the Board of Directors to decide on directed issuance of shares as follows: The number of new shares to be issued based on the authorization may in total amount to a maximum of 2,342,704 shares. 

The authorization will be used to execute the contemplated directed share issue published on 25 February 2021. The Board of Directors decides on all terms and conditions of issuance of shares, including right to resolve on amendments to the terms and conditions of contemplated directed share issue published on 25 February 2021, if necessary. The authorization is valid until 31 December 2021.

Resolution on directed share issue by the Board of Directors

The Board of Directors of Nitro Games has resolved, based on the authorization received from the Extraordinary General Meeting, on a directed share issue of maximum of 2,342,704 shares at a subscription price of SEK 14.94 per share (the "Directed Share Issue"), which is expected to raise proceeds to the Company of SEK 35 million before issue costs. The proceeds will primarily be used for the further development of the Company's game portfolio of shooter games.

Other information related to the Directed Share Issue has been published on 25 February 2021 in a Company Release.