DJ Media and Games Invest: plans to relocate the company's registered office to Luxembourg and announces new game-launches for the coming quarters
MGI plans to relocate the company's registered office to Luxembourg and
announces new game-launches for the coming quarters
Media and Games Invest Group ("MGI" or the "Company", ISIN: MT0000580XXX;
Ticker M8G; Nasdaq First North Premier Growth Market and Scale Segment
Frankfurt Stock Exchange) plans to relocate its domicile to Luxembourg. The
Board of Directors is convinced that this is the logical next step to
support further reputation and growth of MGI and has decided to initiate all
necessary steps for the relocation. Due to the high complexity of relocating
the registered office of a listed company, the Board is targeting a
relocation as of January 1, 2022. The final decision on the relocation will
be made by the shareholders in a shareholders meeting. The relocation is
based on the request of several investors and also potential investors that
have an issue with Malta, the current jurisdiction of the company. As such
the board expects that a relocation will open MGI to broader investor
groups, that are currently not allowed to invest in Maltese companies and
also help the reputation of MGI in general. As a first step, the Board of
Directors has decided to propose to the shareholders in a shareholder
meeting to be convened at short notice to change the current legal form of a
Public Limited Liability Company ("plc") into that of a Societas Europaea
("SE").
"Our experience with Malta is positive and we have seen many governance
changes in Malta, however, many investors still have an issue with Malta. We
even encountered potential investors that told us that they cannot invest
into MGI as their statutes don't allow investments in Maltese companies. As
we are a global company and also want to continue to grow internationally,
we are not tied to Malta and can relocate. We selected Luxembourg being a
very international accepted domicile, as well as having an excellent
reputation on the capital market while also enabling us to keep most of our
legal structures and governance in place." says Remco Westermann, CEO.
As announced in the ad-hoc it was also decided in line with the objective to
further professionalize and profitably grow MGI to enable the creation of
B-shares for future capital increases, which has together with the
relocation been approved by the shareholders of MGI. Furthermore it was
decided to launch an ESOP program, to ensure a stronger position of MGI in
the labor market, for hiring and retaining key employees.
"We are looking forward to 2021 with a strong pipeline of substantial
content updates for our games portfolio as well as additional launches of
newly licensed games combined with executing further M&A growth. After an
outstanding 2020 with exceptional growth, MGI started strong into 2021 and
signed several new game licenses with further focus on mobile games. There
are especially two mobile game launches that we are planning for the first
half year of 2021 that we would like to emphasize." says Remco Westermann
CEO.
"Golf Champions - Swing of Glory": MGI's gaming segment consolidated under
the roof of gamigo has acquired the worldwide development and publishing
rights of the mobile game "Golf Champions - Swing of Glory" from top
Canadian developer Behavior Interactive (among others also the developer of
Dead by Daylight). Golf Champions is a competitive, free-to-play mobile game
in which players compete in leagues. Players unlock different golf
characters and can improve their skills as they compete against each other.
In the end, the best golfers will meet in the strongest league. The
monetization is based on in-game item sales and in-game advertising, in
close cooperation with MGI's Media Unit.
"Heroes of Twilight": gamigo has also acquired the worldwide licensing
rights for the mobile game "Heroes of Twilight". The competitive and
turn-based role-play game is characterized by a dynamic day and night
change, which means that the characters and the game environment can change
unexpectedly at any time. The free-to-play game is the sequel to the
multiple award-winning Little Lords of Twilight and thus has a strong
existing fanbase.
For more information, please contact:
Sören Barz, Head of Investor Relations
Phone: +49 170 376 9571
Mail: soeren.barz@mgi.group, info@mgi.group
Web: www.mgi.group [1]
Jenny Rosberg, ROPA, IR contact Stockholm
Phone: +46707472741
Mail: Jenny.rosberg@ropa.se
Axel Mühlhaus / Dr. Sönke Knop, edictor, IR contact Frankfurt
Phone: +49 69 9055 05 51
Mail: mgi@edicto.de
About Media and Games Invest plc
Media and Games Invest plc (MGI), is a fast-growing and profitable company
operating in the digital games sector with a strong supportive media unit
and focus on North America & EMEA. The company combines organic growth with
value-accretive acquisitions, delivering strong and sustainable earnings
growth. Since 2014 the MGI Group has successfully acquired more than 30
companies and assets which are integrated onto our platform, exploiting
efficiency-enhancing technologies such as the cloud. The Company's shares
are listed on Nasdaq First North Premier Growth Market in Stockholm and the
Scale segment of the Frankfurt Stock Exchange.
The Company's certified advisor on Nasdaq First North Premier Growth Market
is FNCA Sweden AB; info@fnca.se, +46-8-528 00 399.
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
(MORE TO FOLLOW) Dow Jones Newswires
January 11, 2021 16:21 ET (21:21 GMT)
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