DGAP-Adhoc: blockescence plc: capital increases by 2,170,000 shares

DGAP-Ad-hoc: blockescence plc / Key word(s): Capital Increase
blockescence plc: capital increases by 2,170,000 shares

07-May-2019 / 22:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The change of name is to clarify the company's alignment towards investors. The new name 'Media and Games Invest plc' complies with its focus to acquire shares in the media and gaming sectors as a strategic investment holding and to further develop the assets following a 'buy, integrate, build & improve' principle. Within the fast-growing media and gaming markets, the company continues to build on using arising M&A opportunities as well as platform and synergy potentials between the markets and its portfolio companies in the most ideal way.
 

The acquisition of the ReachHero shares is the first direct investment of Media and Games Invest plc (short: MGI) within the media sector. It is expected to cause significant synergies with the gamigo media companies adspree and Mediakraft as well as to have positive effects on the gaming unit of the gamigo group. Therefore, the transaction is exemplary for the orientation of MGI. As announced on February 26, 2019, 65,42 % of ReachHero's shares have been acquired, with also the option to acquire the remaining shares as well.
 

A further increase of shares regarding the most important participation, the gamigo AG, is planned. At this time, 38 % of shares and 53 % of voting rights are being held. The goal is to increase the participation to more than 65 %, through the acquisition of shares from minority shareholders. For years, the gamigo group shows a steady and continuous increase in revenue and earnings. With more than 20 M&A transactions in the past 5 years, gamigo successfully positioned itself as a consolidator on the fast-growing media and gaming markets and proved that its acquisition-driven platform strategy is successful.
 

CEO Remco Westermann: 'We have a high level of expertise in two fast-growing markets which have many things in common and which provide opportunities for great synergies. gamigo shall be more closely involved in the future to elevate more synergies. Therefore, we want to increase our share of the company. We proved in the past that we can invest, integrate and develop in a profitable way. Our focus makes us unique in the market which shall now also be expressed by our namechange.
 

About blockescence plc (in future 'Media and Games Invest plc'):

blockescence (in future 'Media and Games Invest plc') is a strategic investment holding focusing on a 'buy, integrate, build & improve' strategy of fast-growing companies within the media and games market. The portfolio companies of blockescence grow through acquisitions as well as organically. Proven and new technologies are actively being used to create efficiency improvements and competitive advantages. The most important participation is the gamigo AG, a fast-growing company in the gaming and media sectors of which blockescence holds 38 % of shares and 53 % of voting rights. blockescence has its headquarters in Valletta (Malta), it holds subsidiaries in Switzerland and Germany, and it is listed on the Frankfurt stock market as well as XETRA.
 

Disclaimer:

This release may contain certain forward-looking statements based on current assumptions and forecasts made by the management of blockescence or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of blockescence and its affiliated companies and the estimates given here. Neither blockescence nor its affiliated companies assume any liability to update these forward-looking statements or to adapt them to future events or developments.
 

Press contact:

edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Phone: +49 69 9055 05 51
E-mail: blockescence@edicto.de

Emitter:

blockescence plc
Sören Barz, Investor Relations
St. Christopher Street 168
Valletta VLT 1467
Malta
E-mail: info@blockescence.com
Web page: www.blockescence.com

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