DGAP-News: Media and Games Invest plc: Bond volume increased to 20 million euros

2020. március 24., kedd, 09:31







DGAP-News: Media and Games Invest plc


/ Key word(s): Bond






Media and Games Invest plc: Bond volume increased to 20 million euros








24.03.2020 / 09:31




The issuer is solely responsible for the content of this announcement.




Media and Games Invest plc: Bond volume increased to 20 million euros

March 24, 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 3 million, as part of a subsequent selective placement, to a total volume of EUR 20 million. The free funds from the placement are to be used amongst others for M&A. The bond has a total volume of up to EUR 25 million. The company plans to place further tranches if M&A opportunities arise.



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 is rated as attractive by KFM Deutsche Mittelstand AG and awarded 4 out of 5 stars.

About Media and Games Invest plc:

Media and Games Invest plc, MGI, is a fast and profitable growing company in the digital media and games sectors. Through organic growth combined with value-adding synergistic acquisitions, MGI con-tinues to demonstrate strong profitable growth. In the past 6 years, the MGI Group has successfully acquired more than 25 companies and assets. Technology is actively used to create efficiency im-provements and competitive advantages. Among the most important investments are gamigo AG, ReachHero GmbH, Applift GmbH, Verve Group Inc. and PubNative GmbH. Media and Games Invest is among others listed on the Frankfurt Stock Exchange and on XETRA.



Disclaimer

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.



Press contact:

edicto GmbH

Axel Mühlhaus / Dr. Sönke Knop

Telephone: +49 69 9055 05 51

Email: MGI@edicto.de



Issuer

Media and Games Invest plc

Sören Barz, Head of Investor Relations

St. Christopher Street 168

Valletta VLT 1467

Malta

Email: investor.relations@media-and-games-invest.com
















24.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Media and Games Invest plc

St. Christopher Street 168

VLT 1467 Valletta

Malta
Phone: +356 21 22 7553
Fax: +356 21 22 7667
E-mail: investor.relations@Media-and-Games-invest.com
Internet: https://media-and-games-invest.com/
ISIN: MT0000580101
WKN: A1JGT0
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Basic Board), Tradegate Exchange
EQS News ID: 1005063





 
End of News DGAP News Service





1005063  24.03.2020 



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