February 13, 2020 – Media and Games Invest plc (“MGI”, ISIN: MT000000580101; Symbol: M8G) has successfully increased its MGI 2019/2024 bond (ISIN DE000A2R4KF3) by a further EUR 12 million as part of a subsequent selective placement to institutional investors. The placement was carried out in several tranches at prices between 100 and 101 percent. Parts of the proceeds of the placement have already been used for M&A and general corporate purposes. The free funds from the placement are to be used, among other things, to optimize the investment structure. The bond has a total volume of up to EUR 25 million. The company plans to place further tranches if financing requirements become necessary.
The bearer bonds have a nominal amount of EUR 1,000. The interest coupon amounts to 7.00 percent p.a. with quarterly interest payments. The next payment will be made on April 11, 2020. The inclusion in trading on the Open Market of the Frankfurt Stock Exchange took place on 11 October 2019. The bond has a term until 11 October 2024 at the latest. An early redemption by the issuer is possible in whole or in part for the first time in October 2021 at 103 percent of the nominal value. Further early redemption options exist in October 2022 (102 percent) and October 2023 (101 percent). The covenants include a minimum equity ratio of the MGI Group of 25 percent. The transaction was accompanied by ICF BANK AG as Sole Lead Manager.
The bond has been designated by KFM Deutsche Mittelstand AG in its “KFM Barometer SME Bonds October 2019” as attractive and awarded 4 out of 5 stars.
About Media and Games Invest plc:
Media and Games Invest plc, (“MGI”), is a fast and profitably growing company in the digital media and games markets, focusing on a “buy, integrate, build & improve” strategy through organic growth and acquisitions. 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. MGI group has performed well over 25 company and asset acquisitions within the last 6 years. 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, Pubnative, an SSP platform for mobile advertising and the assets of Verve, a leading North American mobile data platform for location-based programmatic video and display marketing. Media and Games Invest is listed a.o. 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 paragraph may be deleted if none of the minority shareholders of gamigo AG are U.S. persons, or domiciled in Canada, Australia or Japan.
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, Malta