MGI has already successfully issued senior subsequent bonds in an amount of EUR 150,000,000 on June 7, 2021 to further support acquisitive growth of MGI. The Company has a strong M&A pipeline and expects -after already having closed three M&A transactions earlier this year- to be able to acquire further media and/ or games companies in the upcoming months. The net proceeds from the transaction will be placed on an escrow account to be used for financing EBITDA positive acquisitions of entities with similar or complementary businesses to that of the Company.
Having obtained the requisite majority of the voting bondholders voted in favour of the request to amend the Terms and Conditions, the request was deemed to be approved as of today, 16 June 2021. Accordingly, the agent under the Bonds has today concluded the written procedure initiated by MGI on 28 May 2021.
Pursuant to the concluded written procedure, the Terms and Conditions for the Bonds will be amended and restated to reflect the approval of the request (the "Amended and Restated Terms and Conditions". The Amended and Restated Terms and Conditions will be available on the Company's website (https://press.mgi.group/).
The information in this release has been made public through the agency of the responsible persons set out below for publication at the time stated by MGI's news distributor EQS Newswire at the publication of this release. The responsible persons below may be contacted for further information.
For further information, please contact:
Chairman of the Board and CEO
Jenny Rosberg, ROPA, IR contact Stockholm
Axel Mühlhaus / Dr. Sönke Knop, edicto GmbH, IR contact Frankfurt
+49 69 9055 05 51
About Media and Games Invest SE
Media and Games Invest SE is a digital integrated games and media company with main operational presence in EMEA and North America. The company combines organic growth with value-generating synergetic acquisitions, demonstrating continuous strong, profitable growth with a revenue CAGR of 45% over the last 6 years. Next to strong organic growth, the MGI Group has successfully acquired more than 30 companies and assets in the past 6 years. The acquired assets and companies are integrated and amongst others cloud technology is actively used to achieve efficiency gains and competitive advantages. The Company's 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 a secured bond that is listed on Nasdaq Stockholm and on the Frankfurt Stock Exchange Open Market as well as an unsecured bond listed on the Frankfurt Stock Exchange Open Market.
The Company's certified advisor on Nasdaq First North Premier Growth Market is FNCA Sweden AB; [email protected], +46-8-528 00 399.