DGAP-News

Media and Games Invest announces intention to tap bonds issued in November 2020 by up to EUR 40 Mio. to finance further M&A and growth - Seite 2

"Since 2014, we have grown at an average rate of about 45% per year whilst growth is accelerating, and we grew with 67% net revenues in 2020. Also, for 2021 we already had a good start and are planning to further continue this profitable growth path. At the beginning of this year, we have already been very successful on the M&A side with the acquisition of LKQD in the media segment and KingsIsle in the games segment as well as on the organic side with the licensing of further promising mobile games titles and the launch of Trove Korea. In addition to the very strong operational business development, we also have a strong pipeline with a good line-up of very promising acquisition targets, where we expect to be able to close some of them within the next months. With the announced tap issue, we are planning to build a strong war chest to finance such value accretive growth projects.", says Remco Westermann, CEO of MGI.

 

Responsible parties

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:

Remco Westermann
Chairman of the Board and CEO
[phone]

Sören Barz
Head of Investor Relations
[phone]
[e-mail], [e-mail]
www.mgi.group

Jenny Rosberg, ROPA, IR contact Stockholm
[phone]
[e-mail]

Axel Mühlhaus / Dr. Sönke Knop, edicto GmbH, IR contact Frankfurt
[phone]
[e-mail]

 

About Media and Games Invest plc

Media and Games Invest plc is a digital integrated games and media company with main operational presence in Europe 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.