Elizabeth Para has a 20+ years career in financial markets, with substantial experience in public and private debt as well as equity markets. She has worked in investment and client facing roles in both the banking and the investment management industry. Elizabeth holds a Master's degree in economics and is a Chartered Financial Analyst [CFA]. Elizabeth was one of the earliest investors in gamigo and is also an MGI shareholder. As a long time shareholder in both gamigo and MGI she has built up both a strong company specific and sector knowledge on the digital games and media sector.
"We are very happy to welcome Elizabeth at MGI. Elizabeth brings considerable experience, in particularly the Anglo-Saxon financial markets. With this experience she also brings an extensive and deep network of contacts in the institutional fund management industry as well amongst end investors in the UK and US - target markets for the IR strategy of MGI", said Remco Westermann, Chairman of the Board. "The focus of our capital market activities is currently mainly in the DACH region. Not least due to the recent acquisitions of Trion World (US, asset deal), WildTangent (US, asset deal) and Verve Wireless (US, asset deal), the majority of our customers and partners are located in English speaking countries. In order to broaden our investor base we want to extend our capital market activities into Anglo-Saxon markets, where investors have a strong affinity with the gaming and media/advertising sectors."
Regarding her appointment to the Board, Elizabeth Para said, "Remco Westermann and his leadership team have built a well-diversified business benefiting from economies of scale and a loyal customer base. They have established a strong track record for delivering profitable growth through meticulous execution of their buy and build consolidation strategy. I am extremely excited and very proud to be joining MGI's board as an Independent Director as we continue to build on this strong platform."
About Media and Games Invest plc:
Media and Games Invest plc, ("MGI"), is a fast and profitably growing company focusing on a "buy, integrate, build and 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 important criteria for the expansion of the group. The most important investments include gamigo AG, a fast-growing gaming and media company, ReachHero GmbH, a leading influencer SaaS platform, Applift GmbH, a leading media company specializing in mobile advertising, and Pubnative, an SSP platform for mobile advertising. Media and Games Invest is listed a.o. on the Frankfurt Stock Exchange and on XETRA.
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 invest plc and the companies associated with it may deviate significantly from the estimations presented here. Neither Media and Games Invest 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
Telephone: +49 69 9055 05 51
Media and Games Invest plc
Sören Barz, Head of Investor Relations
St. Christopher Street 168
Valletta VLT 1467