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Today we are announcing a fundamental change in the ownership structure of Chrysalis Games Ltd, our US parent company Chrysalis Games Inc. takes over full ownership and ownership rights of the British company (Ltd.) as of today.
Due to the impending brexite in EU economic law and the associated categorisation of British corporations in Europe, the American Corporation will receive and incorporate full ownership and control rights to Chrysalis Games Ltd. with immediate effect from 13 May 2020.
The new parent company, Chrysalis Games Inc., was founded on 6 May 2020 in Arkansas, USA and is managed and administered by the Board of Directors.
The position of President and CEO will be assumed by Daniel Gippert, respectively founder and majority shareholder of Chrysalis Games Inc.
In addition, the management of the British Chrysalis Games Ltd. will be taken over by Daniel Gippert (Managing Director) until further notice, a change in the management is expected to be announced in the 3rd quarter 2020.