M8G MEDIA AND GAMES INVEST

DGAP-News: blockescence plc:

DGAP-News: blockescence plc / Key word(s): Bond
blockescence plc:

10.12.2018 / 12:18
The issuer is solely responsible for the content of this announcement.


blockescence plc: Portfolio company gamigo AG now listed with bond on Nasdaq Stockholm

  • Admission of bonds issued on October 11, 2018 to trading on Nasdaq Stockholm
  • Use of proceeds for financing organic and M&A based growth, for refinancing existing debt and for other general corporate purposes

Valletta, December 10, 2018: blockescence plc (WKN MT0000580101 Symbol: BCK, "blockescence"), the first public direct investment company focusing on fast growing and consolidating portfolio companies in the TMT sector, for its subsidiary gamigo AG ("gamigo"), has received approval from the Swedish Financial Supervisory Authority ("FI") for its gamigo corporate bonds, which as of today are listed on the regulated market of Nasdaq Stockholm.

gamigo is one of the leading publishers of free-to-play online and mobile games in Europe and North America and the first platform investment of blockescence. gamigo had issued a senior secured bond loan of EUR 32,000,000 on October 11, 2018, within a total framework amount of EUR 50,000,000, on primarily the Swedish and continental European bond market. The bonds with ISIN SE0011614445 carry a floating interest rate of EURIBOR 3m + 7.75 per cent per annum (a EURIBOR floor at 0.00 per cent apply) and mature at October 11, 2022.

"The successful admission of the gamigo bond to the Nasdaq Stockholm not only increases transparency for our bond investors, but also open up the technology-savvy Scandinavian capital market for our subsidiary gamigo," comments Remco Westermann, CEO of blockescence.

The bond prospectus is available on FI's website () and on gamigo's website ().

About gamigo AG:
Since its foundation in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. In total, the gamigo Group employs more than 350 employees at its headquarter in Hamburg and branches in Berlin, Münster, Darmstadt, Cologne (Germany), Redwood City, Austin, Chicago (USA), Warsaw (Poland), Istanbul (Turkey), and Seoul (Korea). The company's core portfolio includes successful gaming titles such as Trove, ArcheAge, Aura Kingdom, Rift, Defiance 2050, Desert Operations, Fiesta Online, Shaiya and Twin Saga. gamigo grows via organic growth as well as through acquisitions and has made over 20 acquisitions since 2013, including games, media and technology companies as well as individual game assets. The media companies adspree and Mediakraft are part of the platform strategy and also provide B2B services to third parties.

About blockescence plc:
blockescence is a strategic investment-holding, that focuses on a buy, build & sell strategy of fast-growing companies in consolidating TMT sectors. The blockescence portfolio companies are growing via acquisitions and organic growth and new technologies are actively used to create USPs and further efficiency within the portfolio companies. An example is the implementation and roll-out of distributed ledger technology (DLT or blockchain-technology) to create competitive advantages in the portfolio companies. blockescence is based in Valletta (Malta), has subsidiaries in Switzerland and Germany and is listed on the Frankfurt Stock Exchange as well as on XETRA.

For further information please contact:
cometis AG
Maximilian Franz
T: -22
E-Mail:

Issuer:
blockescence plc
St. Christopher Street 168
Valletta VLT 1467
Malta
Email:
Web-Page:



10.12.2018 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: blockescence plc
St. Christopher Street 168
VLT 1467 Valletta
Malta
Phone:
Fax:
E-mail:
Internet:
ISIN: MT0000580101
WKN: A1JGT0
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Basic Board); Malta

 
End of News DGAP News Service

755959  10.12.2018 

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