05.07.2019 Media and Games Invest plc  MT0000580101

DGAP-News: Media and Games Invest plc: capital increase and credit financing of EUR 24,2 million successfully completed


DGAP-News: Media and Games Invest plc / Key word(s): Capital Increase/Financing
Media and Games Invest plc: capital increase and credit financing of EUR 24,2 million successfully completed

05.07.2019 / 11:04
The issuer is solely responsible for the content of this announcement.

  • Proceeds from capital increase in the amount of EUR 9,2 million; placement of 8 million new shares at a placement price of EUR 1.15 per share
  • Additional credit financing: Bank loan of EUR 10 million with UniCredit Bank AG and a commitment of EUR 5 million for a working capital facility from Billfront GmbH
  • Financing enables a strengthening of growth by further acquisitions as well as an increase of the stake in gamigo AG

Valletta, Malta, XX July 2019 - Media and Games Invest plc ("MGI", ISIN: MT0000580101; Symbol: M8G) has successfully completed its capital increase under the exclusion of pre-emptive rights in accordance with the Memorandum of Association. In a private placement, 8,000,000 new shares have been placed with institutional investors at a placement price of 1.15 Euro per share, using an accelerated bookbuilding procedure. The placement was oversubscribed. After the completion of the capital increase, the Company's share capital amounts to 70,020,000.00 Euro. The new shares are entitled to dividends as of January 1, 2018. The transaction was accompanied by Hauck & Aufhäuser Privatbankiers AG.

In addition, the MGI Group was able to close two separate debt financing deals with a total volume of EUR 15 million. The subsidiary blockescence DLT solutions GmbH has entered into a loan agreement with the UniCredit Bank AG in the amount of EUR 10 million, with an interest rate of 5.5 % and a term of three years. The recently acquired AppLift GmbH has been granted a working capital facility by Billfront GmbH - a financing company specialized on media companies - in the amount of up to EUR 5 million, with an interest rate of 6.75 % and a term of 24 months.

The proceeds of the capital increase, as well as the bank loan, will be used especially for increasing the stake in gamigo AG as well as for further acquisitions in the media and gaming segments. The working capital facility shall support the organic growth of the companies. The entire financing package, consisting of equity and debt capital, demonstrates the great confidence of the capital markets in the management as well as in the business model of Media and Games Invest.

Since the operational business of the group had a good start in Q1-2019, further organic growth in combination with the already in the first half year newly acquired WildTangent assets, ReachHero GmbH, AppLift GmbH, and Pubnative GmbH drive further growth. The now available further financing will enable further acquisitions as well as an increase of the stake in the gamigo AG and as such generate further growth and profitability.

Chairman of the board Remco Westermann is pleased about the great confidence of the capital markets in the business and management of MGI: "Our strong revenue growth combined with the high profitability shows investors and banks that our business model is working well. Our long-term oriented financing strategy which combines equity and loans gives us an excellent capital structure with a high degree of flexibility to act quickly on market opportunities. The fact that even renowned banks such as UniCredit and Commerzbank are financing our Group without financial covenants underlines the trust and the high creditworthiness of the Group. With a well filled pipeline for potential future acquisitions in combination with also gamigo having substantial free liquidity available, as well as further consolidation of the media and games markets, the management of Media and Games Invest plc. expects further attractive acquisitions.".

About Media and Games Invest plc (former: blockescence plc):
Media and Games Invest plc, MGI, is a fast and profitable growing company concentrating on a 'buy, integrate, build & improve' strategy via organic growth as well as via acquisitions of companies in the media and games markets. Technology is actively used to improve efficiency and create competitive advantages within the group. Important criteria for the expansion of the portfolio are synergy and integration potentials. The most important participations include i.a. gamigo AG, a fast-growing gaming and media company in which Media and Games Invest holds 38 % of the shares and 53 % of the voting rights, as well as ReachHero (67 % of the shares) - a leading influencer SaaS platform - and AppLift GmbH, a leading media company specializing in mobile advertising. Media and Games Invest is listed on the Frankfurt Stock Exchange and 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 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 plc and the companies associated with it may deviate significantly from the estimations presented here. Neither Media and Games 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

Media and Games Invest plc
St. Christopher Street 168
Valletta VLT 1467
Email: info@media-and-games-invest.com

05.07.2019 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
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
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Basic Board), Tradegate Exchange
EQS News ID: 836907

End of News DGAP News Service

836907  05.07.2019 


Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019 2020e
Umsatzerlöse1 0,00 0,00 0,00 0,62 0,79 32,62 83,89 121,00
EBITDA1,2 0,00 0,00 0,00 -0,87 -4,49 8,65 15,54 22,30
EBITDA-Marge3 0,00 0,00 0,00 -140,32 -568,35 26,52 18,52 18,43
EBIT1,4 0,00 0,00 0,00 -0,91 -4,86 2,33 5,00 7,80
EBIT-Marge5 0,00 0,00 0,00 -146,77 -615,19 7,14 5,96 6,45
Jahresüberschuss1 0,00 0,00 0,00 2,38 -6,20 1,58 1,25 2,70
Netto-Marge6 0,00 0,00 0,00 383,87 -784,81 4,84 1,49 2,23
Cashflow1,7 0,00 0,00 0,00 -28,63 -7,51 4,93 16,20 18,00
Ergebnis je Aktie8 0,00 0,00 0.00 0,09 -0,14 0,09 -0,01 0,04
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: RSM

Media and Games Invest
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1JGT0 1,300 Kaufen 91,03
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
21,67 20,46 1,059 65,00
0,93 5,62 1,09 9,483
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
0,00 0,00 0,00 30.07.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
12.08.2020 30.06.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-1,96% 8,24% 16,07% 4,42%
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Medien (Verlag/TV) , A1JGT0 , BCK , XETR:M8G