DGAP-Adhoc

Media and Games Invest plc announces its intention to carry out a Private Placement and applies for Secondary Listing on Nasdaq First North Premier Growth Market in Stockholm - Seite 2

The expected gross proceeds from the offering will be used to further finance new acquisitions of franchises, game publishers and development studios or other assets which complement the operations, and to enable a further increase of investments in the organic development of the Company.

The book-building begins today on 29 September 2020 at 09:30 hours (CEST) and is expected to close on 30 September 2020 at 08:00 hours (CEST). The Company, together with Pareto Securities AB ("Pareto Securities" or the "Manager"), reserves the right to close or extend the book-building at any time and at their sole discretion. Should the book-building be extended or shortened, the other dates herein may be revised accordingly. The allocation of shares will be determined at the end of the book-building process. The final allocation will be made at the discretion of the Board of Directors in consultation with Pareto Securities.

The Company has undertaken, with customary exceptions, not to issue additional shares for a period of 180 calendar days following the completion of the Private Placement. Remco Westermann (Chairman of the board, major shareholder and CEO) as well as the Board Members Elizabeth Para and Tobias Weitzel will enter into a customary lock-up with the Manager of 180 days following the completion of the Private Placement.

Application for Secondary listing on Nasdaq First North Premier Growth Market in Stockholm

As a step towards increased emphasis on investor relations, including a stronger focus on Scandinavian and Anglo-Saxon investors, particularly with a video gaming sector focus, the Company announces that the Board of Directors of MGI has initiated the process and applied for a secondary listing of the Company's shares on Nasdaq First North Premier Growth Market in Stockholm. If the listing application is approved by Nasdaq, the Company's shares are expected to trade on Nasdaq First North Premier Growth Market in Stockholm under ticker symbol "M8G" starting on or about 6 October 2020.