The illuminated company said in a stock exchange release on Friday morning. E24 has been in contact with Funcom, but the company would not comment on who the accused is or what position the person has had. Økokrim has not commented on the charges.
Økokrim took last charges against Funcom for breaches of securities law and market manipulation. Among other things, the Company shall not be recognized inside lists of properly, according to the indictment. The charges were related to the information that the company published before, during and after the launch of the online game “The Secret World”.
Funcom says in the same stock exchange announcement on Friday that the company considers to recoup more money through the placement. In addition, considering one has to conclude an agreement with existing creditors regarding debt maturing in one year. The reason is that the revenue from the existing games company behind, is not expected to be large enough to cover both the ordinary expenses and debt that Funcom has.
Furthermore, says Funcom that the company has undertaken a new valuation of the shareholding in Swedish game company Stunlock Studios. This has resulted in impairment of the value of the shares with $ 210,000, and Funcom forecasts that it will sell out of Stunlock Studios.
Funcom share price collapsed 13.37 percent in morning hours Friday after announcement had been sent out. (© NTB)
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