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Stillfront Group AB: Announcement from AGM May 18, 2016, Stillfront Group AB (publ)

Press release from annual general meeting

Stillfront Group AB (publ) held annual general meeting on 18 May 2016 whereas
essentially the following resolutions were adopted.

At the annual general meeting the presented profit and loss statement was
adopted. The meeting resolved to grant the board of directors and the
managing director discharge from liability for their management of the
Company during the fiscal year 2015. In accordance with the proposal of the
board of directors and the managing director, the meeting resolved that the
accumulated profit of SEK 137,244,708 shall be carried forward and that no
dividend shall be paid.

It was resolved that remuneration of SEK 88,600 shall be paid to the chairman
of the board of directors and that remuneration of SEK 44,300 shall be paid
to each of the directors of the board. A director of the board who is
compensated by the Company due to employment shall not receive remuneration,
neither from the parent company nor any subsidiary.

It was resolved that remuneration to the auditors shall be paid according to
current approved account.

Max Bautin had informed that he was not available for re-election as director
of the board. It was resolved to re-elect Per Skyttvall, Alexander Bricca,
Jörgen Larsson and Fredrik Åhlberg as directors of the board for the period
until the next annual general meeting. Annette Brodin Rampe and Mark Miller,
respectively, were elected as new directors of the board for the period until
the next annual general meeting. MAZARS SET Revisionsbyrå AB was re-elected
as the company's auditor, for the period until the next annual general
meeting, with Michael Olsson as the auditor in charge.

The meeting established the nomination procedure for the nomination committee
in accordance with the proposal of the board of directors.

It was resolved, in accordance with the proposal of the board of directors, to
authorise the board of directors to, until the next annual general meeting,
with or without deviation from the shareholders' preferential rights, on one
or several occasions resolve to issue shares, convertible instruments and/or
warrants which entails issuance, conversion or subscription for new shares
corresponding to a dilution of a maximum of 10 percent of the share capital
at the time of the resolution on the issue. The price per share shall be
determined as an average of the market price during 30 days before the
subscription. Payment may be made in cash and/or with a condition to pay in
kind or by way of set-off, or other conditions. The authorisation shall
primarily be used for the purpose of acquisitions or financing. The
conditions shall be on market terms.

For additional information, please contact:Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00

Sten Wranne, CFO at Stillfront
Phone: +46 705 851258

About StillfrontStillfront is an independent creator, publisher and distributor of digital
games - with a vision to become one of Europe's leading indie game creators
and publishers. Stillfront operates through four near-autonomous
subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power
Challenge in the UK and Sweden, and Dorado Online Games in Malta.
Stillfront's games are distributed globally. The main markets are Sweden,
Germany, the United States and South America. For further information, please

Selected gamesStillfront's portfolio includes games across multiple platforms.Unravel
, developed by Coldwood in collaboration with Electronic Arts, won 20+ awards
at E3 and gamescom and was released in February 2016.Supremacy 1914
andCall of War
are high-immersion war strategy games developed by Bytro Labs.ManagerZone
is a sports management strategy game launched in 2001.

Nasdaq First North Ticker Symbol: SF
Certified Adviser: Avanza Bank, phone +46 8 4094 2120


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Stillfront Group AB via Globenewswire


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