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

DJ 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

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 
THIS ANNOUNCEMENT IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, WITHIN 
OR TO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, 
SWITZERLAND OR IN ANY OTHER JURISDICTION WHERE SUCH RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD 
REQUIRE REGISTRATION OR ANY OTHER MEASURES IN ACCORDANCE WITH APPLICABLE LAW. 
24.03.2021 - Media and Games Invest plc ("MGI" or the "Company", ISIN: MT0000580101; Ticker M8G; Nasdaq First North 
Premier Growth Market and Scale Segment Frankfurt Stock Exchange) yesterday announced the successful placement of a EUR 
40m Tap Issue of its listed bond SE0015194527 at a price of 100.75% above par. 
The Tap Issue of EUR 40m was successfully placed yesterday after the announcement on Monday. The issue was heavily 
oversubscribed and issued at a price of 100.75% of par. 
With a strong line-up of potential M&A cases MGI has decided to build a war chest via conducting a Tap Issue of its 
bond. After a good start to the year with strong organic activity and the acquisitions of media company LKQD and games 
company KingsIsle, the management expects to also be able to close further M&A transactions in its core business 
fields, games and media. Currently there are several companies on MGI's short list, each with substantial revenue and 
EBITDA potential. 
Operationally, MGI had a strong start into the year. While both the Games segment, including the new KingsIsle games 
Wizard101 and Pirate101, as well as the Media segment are developing very well in Q1 2021, the company also has a well 
filled pipeline of projects and activities for further strong organic growth in the coming months and thereafter. The 
launch of Trove in Korea was announced earlier this month and MGI has planned several further launches within the next 
months such as Atlas Rogues -currently in Early Access-, Trove Switch and other promising projects in addition to 
updates for the existing games in the portfolio. The media segment also had a good start into 2021 and is adding lots 
of new advertisers as well as publishers to its platforms. Moreover, the integrations of the acquired media companies 
are moving forward which we expect to result in an increase of the EBITDA margin. Furthermore, the media unit has 
various promising organic growth projects in the pipeline, including a self-developed solution in response to the 
exclusion of identifiers, such as in the case of Apple and IDFA. 
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] 
 
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. 
Important information 
This release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in 
MGI in any jurisdiction, neither from MGI nor from someone else. 
This release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in 
the United States. The securities referred to herein may not be sold in the United States absent registration or an 
exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be 
offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not 
subject to, the registration requirements of the Securities Act. There is no intention to register any securities 
referred to herein in the United States or to make a public offering of the securities in the United States. The 
information in this release may not be announced, published, copied, reproduced or distributed, directly or indirectly, 
in whole or in part, within or into Unites States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South 
Africa, South Korea, Switzerland or in any other jurisdiction where such announcement, publication or distribution of 
the information would not comply with applicable laws and regulations or where such actions are subject to legal 
restrictions or would require additional registration or other measures than what is required under applicable EU law. 
Actions taken in violation of this instruction may constitute a crime against applicable securities laws and 
regulations. 
 
Forward-looking statements 
This release contains forward-looking statements that reflect the Company's intentions, beliefs, or current 
expectations about and targets for the Company's and the group's future results of operations, financial condition, 
liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the 
Company and the group operates. Forward-looking statements are statements that are not historical facts and may be 
identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", 
"could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in 
this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although 
the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no 
assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or 
estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those 
set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and 
other important factors could cause actual events to differ materially from the expectations expressed or implied in 
this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the 
forward-looking statements in this release are free from errors and readers of this release should not place undue 
reliance on the forward-looking statements in this release. The information, opinions and forward-looking statements 
that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. 
Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any 
forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this 
release, unless it is so required by law or applicable stock exchange rules. 
 
Information to distributors 
Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets 
in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/ 
593 supplementing MiFID II; and (c) local implementing measures (together, the "MiFID II Product Governance 
Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any 
"manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect 
thereto, the securities in MGI have been subject to a product approval process, which has determined that such 
securities are: (i) compatible with an end target market of retail investors and investors who meet the criteria of 
professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution 
through all distribution channels as are permitted by MiFID II (the "Target Market Assessment"). Notwithstanding the 
Target Market Assessment, Distributors should note that: the price of the securities in MGI may decline and investors 
could lose all or part of their investment; the securities in MGI offer no guaranteed income and no capital protection; 
and an investment in the securities in MGI is compatible only with investors who do not need a guaranteed income or 
capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of 
evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses 
that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, 
legal or regulatory selling restrictions in relation to the Directed Share Issue. 
For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or 
appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest 
in, or purchase, or take any other action whatsoever with respect to the securities in MGI. 
Each distributor is responsible for undertaking its own target market assessment in respect of the securities in MGI 
and determining appropriate distribution channels. 

1177825 2021-03-24

(END) Dow Jones Newswires

March 24, 2021 03:46 ET (07:46 GMT)