Media and Games Invest successfully completes EUR 40m tap issue at a price of 100.75%, strengthening its' war chest for further rapid M&A driven growth - Seite 2

The Tap issue yesterday was very well received and heavily oversubscribed generating strong interest from Swedish as well as European investors. The tap issue was priced at 100.75% above par. After the Tap Issue Media and Games Invest has reached the full framework (EUR 120 million) agreed for this bond. The additional bonds will be listed under the same ISIN, SE0015194527, on Nasdaq Stockholm and Frankfurt Stock Exchange Open Market. The bond issue enables MGI to do further M&A and closes the announcement on February 18, 2021, to evaluate potential further equity and non-equity financing options.

"The interest in Media and Games Invest plc from Nordic and European bond investors has continued to be strong since the listing of our bond on Nasdaq Stockholm in November last year. I am pleased that the bonds of this Tap Issue were subscribed for by old and new institutional investors. The Board of Directors has carefully evaluated both non-equity and equity financing options and decided to tap the existing bond within the agreed framework. The proceeds of the tap issue will be used for further growth, with a well filled pipeline of acquisitions where we expect to close a minimum of two or three further accretive transaction within the coming months. We were able to close the tap issue within a short period of time and would like to thank our investors for their trust and confidence.", says Remco Westermann, CEO.
 

Responsible Parties
The information in this press release has been made public through the agency of the responsible person set out below for publication at the time stated by MGI's news distributor EQS Newswire at the publication of this press release. The responsible person below may be contacted for further 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]