07.05.2019: blockescence plc" capital increases by 2,170,000 shares

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014  

May 7, 2019 | 22:22 CET/CEST

"blockescence plc" capital increases by 2,170,000 shares

  • Board of Directors of blockescence plc decides capital increase with 2.170.000 new shares as part of the financing of the purchase of shares of ReachHero GmbH
  • New name ‘Media and Games Invest plc’ is planed in line with company focus
  • Extraordinary general meeting regarding proposed name change on May 29, 2019

Valletta, 07 May 2019 | 22:22 CET/CEST: The Board of Directors of blockescence plc (WKN: MT0000580101; symbol: BCK, "blockescence") has decided to complete the acquisition of the majority stake in ReachHero GmbH on May 10, 2019 (closing expexted) and for this purpose resolves a capital increase of 2,170,000 shares as part of the purchase price payment for the acquisition of shares in ReachHero GmbH. The company will issue 2,170,000 new shares with a nominal value of EUR 1,00 per share. As announced on February 26, 2019, the shares for the payment of the purchase price will be used for the acquisition of the majority of the ReachHero GmbH shares.

Furthermore, the Board of Directors today decided to propose to the Shareholders that the company name of blockescence plc shall be changed to "Media and Games Invest plc".

The decision for the new name has been made to better reflect the focus of the company. The name change shall be put to a vote at an extraordinary general meeting on May 29, 2019.

It was also decided that the company wants to increase its stake in gamigo AG to at least 65% and therefore to start concrete negotiations with the minority shareholders of the company.

--End of Ad hoc note—


The change of name is to clarify the company’s alignment towards investors. The new name ‘Media and Games Invest plc’ complies with its focus to acquire shares in the media and gaming sectors as a strategic investment holding and to further develop the assets following a ‘buy, integrate, build & improve’ principle. Within the fast-growing media and gaming markets, the company continues to build on using arising M&A opportunities as well as platform and synergy potentials between the markets and its portfolio companies in the most ideal way.

The acquisition of the ReachHero shares is the first direct investment of Media and Games Invest plc (short: MGI) within the media sector. It is expected to cause significant synergies with the gamigo media companies adspree and Mediakraft as well as to have positive effects on the gaming unit of the gamigo group. Therefore, the transaction is exemplary for the orientation of MGI. As announced on February 26, 2019, 65,42 % of ReachHero’s shares have been acquired, with also the option to acquire the remaining shares as well.

A further increase of shares regarding the most important participation, the gamigo AG, is planned. At this time, 38 % of shares and 53 % of voting rights are being held. The goal is to increase the participation to more than 65 %, through the acquisition of shares from minority shareholders. For years, the gamigo group shows a steady and continuous increase in revenue and earnings. With more than 20 M&A transactions in the past 5 years, gamigo successfully positioned itself as a consolidator on the fast-growing media and gaming markets and proved that its acquisition-driven platform strategy is successful.

CEO Remco Westermann: ‘We have a high level of expertise in two fast-growing markets which have many things in common and which provide opportunities for great synergies. gamigo shall be more closely involved in the future to elevate more synergies. Therefore, we want to increase our share of the company. We proved in the past that we can invest, integrate and develop in a profitable way. Our focus makes us unique in the market which shall now also be expressed by our namechange.’

About blockescence plc (in future ‘Media and Games Invest plc’):

blockescence (in future ‘Media and Games Invest plc’) is a strategic investment holding focusing on a ‘buy, integrate, build & improve’ strategy of fast-growing companies within the media and games market. The portfolio companies of blockescence grow through acquisitions as well as organically. Proven and new technologies are actively being used to create efficiency improvements and competitive advantages. The most important participation is the gamigo AG, a fast-growing company in the gaming and media sectors of which blockescence holds 38 % of shares and 53 % of voting rights. blockescence has its headquarters in Valletta (Malta), it holds subsidiaries in Switzerland and Germany, and it is listed on the Frankfurt stock market as well as XETRA.


This release may contain certain forward-looking statements based on current assumptions and forecasts made by the management of blockescence or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of blockescence and its affiliated companies and the estimates given here. Neither blockescence nor its affiliated companies assume any liability to update these forward-looking statements or to adapt them to future events or developments.

Press contact:

edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop

Phone: +49 69 9055 05 51

E-mail: blockescence@edicto.de


blockescence plc
Soeren Barz, Head of Investor Relations

St. Christopher Street 168 
Valletta VLT 1467 

Email: info@blockescence.com

Web-Page: www.blockescence.com 

Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.

About MGI - Media and Games Invest SE

MGI - Media and Games Invest SE (MGI) operates a fast-growing, profitable ad-software platform that matches global advertiser demand with publisher ad-supply while improving results through first party data from own games. MGI’s main operational presence is in North America and Europe. Through investments in organic growth and innovation, as well as targeted M&A, MGI has built a one-stop shop for programmatic advertising, enabling companies to buy and sell ad space across all digital devices (mobile apps, web, connected TV and digital out of home), with the mission to make advertising better. MGI is registered as Societas Europaea in Sweden (registration number 517100-0143) and its shares are listed on Nasdaq First North Premier Growth Market in Stockholm and in the Scale segment of the Frankfurt Stock Exchange. The Company has two secured bonds that are listed on Nasdaq Stockholm and on the Frankfurt Stock Exchange Open Market. The Company's certified advisor on Nasdaq First North Premier Growth Market is FNCA Sweden AB; info@fnca.se.


Stureplan 6 114 35 Stockholm Sweden