Valletta, 5 July 2019 - Media and Games Invest plc ("MGI", ISIN: MT0000580101; Symbol: M8G) has successfully completed its capital increase under exclusion of pre-emptive rights in accordance with the Memorandum of Association. In a private placement 8.000.000 new shares were placed with institutional investors at a placement price of 1,15 Euro per share by means of an accelerated bookbuilding process. The placement was oversubscribed. After completion of the capital increase, the Company's share capital amounts to 70.020.000,00 Euro. The new shares are entitled to dividends as of January 1, 2018. The transaction was accompanied by Hauck & Aufhäuser Privatbankiers Aktiengesellschaft.
The net proceeds are to be used for the planned further growth of the company through acquisitions and for the expansion of the existing stake in gamigo AG.
About Media and Games Invest plc (former: blockescence plc):
Media and Games Invest plc, MGI, is a fast and profitable growing company focused on a buy, integrate, build & improve strategy through organic growth and acquisitions in the media and games markets. Technology is actively used to create efficiency improvements and competitive advantages within the Group. Synergy and integration potentials are an important criterion for the expansion of the portfolio. The most important investments include gamigo AG, a fast-growing gaming and media company in which Media and Games Invest holds 38% of the shares and 53% of the voting rights, ReachHero (67% of the shares), a leading influencer SaaS platform and Applift GmbH, a leading media company specializing in mobile advertising. Media and Games Invest is listed on the Frankfurt Stock Exchange and on XETRA.
This press release and the information contained herein are not for distribution in or into the United States of America (the "United States"), Canada, Australia and Japan. This document does not constitute an offer to sell or a solicitation of an offer to buy any securities (the "Shares") of Media and Games Invest plc (the "Company") in the United States. The shares of the Company are not and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act or in a transaction not subject to the registration requirements of the Securities Act.
This press release contains possible forward-looking statements that are based on the current assumptions and forecasts of the company management of Media and Games plc or companies associated with it. Various known and unknown risks and uncertainties, as well as other factors, could mean that the actual results, financial circumstances, the development or performance of Media and Games plc and the companies associated with it may deviate significantly from the estimations presented here. Neither Media and Games plc nor the companies associated with it are obligated to update this sort of forward-looking statement or adjust them to future results or developments.
Axel Mühlhaus / Dr. Sönke Knop
Phone: +49 69 9055 05 51
Media and Games Invest plc
168 St. Christopher Street
Valletta VLT 1467