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

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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