Rightbridge Ventures Group and Oceanview Announce Mutual Termination of Share Purchase Agreement - Claes Kalborg reinstated as CEO

Rightbridge Ventures Group AB (“Rightbridge”) and Oceanview Group Limited (“Oceanview”) jointly announce the mutual termination of their share purchase agreement, initially signed on June 24, 2024. This agreement, which involved Rightbridge’s acquisition of 51% of Oceanview, has been concluded based on a shared belief that the timing and strategic alignment are not optimal for either company. Thiago De Freitas steps down as CEO as part of the termination process and the board of directors has reinstated Claes Kalborg as CEO of Rightbridge Ventures Group.

Both the board of directors in Rightbridge and Oceanview agreed that current market conditions and individual growth priorities indicate that a transaction at this time would not serve the best interests of either party.

“Both Rightbridge and Oceanview are in a mutual agreement that it is in both interests to pursue distinct paths that better fit our individual strategic directions. Rightbridge remains committed to the initial strategy that was set in the beginning of the year. As a natural step, Claes Kalborg is reinstated as CEO for the group.” stated Mads Jörgensen, Chairman of Rightbridge.

For further information contact:

Claes Kalborg - CEO of Rightbridge Ventures Group AB

Phone: +46 73 444 55 07

Email: [email protected]

Mads Jorgensen, Chairman of the board
Phone: +45 28 97 15 75
Mail: [email protected]

About Rightbridge

RightBridge Ventures is a compounder and investment company based in Stockholm (Sweden) dedicated to investing in companies that shape the future of esports and gaming as part of the digital media and entertainment industry. For more information visit www.rightbridge.se or get updates by following us on LinkedIn.

RightBridge Ventures Group AB (publ)'s shares are traded on the Nasdaq First North Growth Market and the company's certified adviser is Corpura Fondkommission AB.

PUBLIC DISCLOSURE

This information is such information that RightBridge Ventures Group AB (publ) is obliged to disclose according to the EU’s Market Abuse Regulation. The information was provided, through the above contact person's agency, for publication on 2024-10-28 22.10.