10.12.2018: blockescence plc: Portfolio company gamigo AG now listed with bond on Nasdaq Stockholm

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 (www.fi.se) and on gamigo's website (https://corporate.gamigo.com/en/investors/).

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: +49 611 205 855-22

E-Mail: investor.relations@blockescence.com


blockescence plc 

St. Christopher Street 168 
Valletta VLT 1467 

Email: info@blockescence.com

Web-Page: www.blockescence.com 

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About Verve Group SE

Verve (Ticker: VER) is a fast-growing, profitable, digital media company that provides AI-driven ad-software solutions. Verve matches global advertiser demand with publisher ad-supply, enhancing results through first-party data from its own content. Aligned with our mission, “Let’s make media better,” the company focuses on enabling better outcomes for brands, agencies, and publishers with responsible advertising solutions, with an emphasis on emerging media channels. Verve’s main operational presence is in North America and Europe, and it is registered as a Societas Europaea in Sweden (registration number 517100-0143). Its shares are listed on the Nasdaq First North Premier Growth Market in Stockholm and the Scale segment of the Frankfurt Stock Exchange. The company has three secured bonds listed on Nasdaq Stockholm and the Frankfurt Stock Exchange Open Market. Verve's certified advisor on the Nasdaq First North Premier Growth Market is FNCA Sweden AB; contact info: info@fnca.se.


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