Up till now, MGI was part of the MSCI Germany Micro Cap Index. Due to the strong performance during the last years with a revenue CAGR of 76% and an adjusted EBITDA CAGR of over 58% since 2018 and due to increasing investor interest, the trading volume as well as the market capitalization have increased significantly. Currently, the market capitalization amounts to 640 mio. EUR (Last price XETRA on May 28, 2021). The average trading volume in April 2021 was at approx. 4.5 mio. EUR per day across all stock exchanges.
Furthermore, the planned conversion to a SE was completed. The extraordinary general meeting on April 15, 2021 has, with its approval of the conversion, followed the proposal of the Board of Directors unanimously. Following a comprehensive review of the conversion by the Maltese Business Register, the Company is now registered as a SE under registration number SE 15, in the Maltese Business Register.
The conversion into a SE will have no effect on the business partners, employees and shareholders of Media and Games Invest Group. The rights of the shareholders do not change as a result of the new legal structure of the SE and also the stock exchange listings remain unchanged.
Remco Westermann, CEO and Chairman of the Board of MGI: „I am pleased that we have completed the conversion to a SE successfully. The conversion gives us an EU-wide and internationally accepted and respected legal framework. Overall, we see an increased interest from investors in MGI. With the conversion to a SE and the inclusion in the MSCI Germany Small Cap Index we expect to get even more attention from international investors. We are keen to continue our successful approach consistently and see the inclusion to the MSCI Mid Cap Index as a next goal. I would like to thank all shareholders for their support and trust in our strategy”
The information in this notice has been made available for publication by the responsible person's agency listed below on the date revealed by MGI's news distributor EQS Newswire at the time of this press release. The responsible persons listed below can be contacted for more 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.