ACQUISITION OF THE REMAINING SHARE CAPITAL OF LUNAR GREAT WALL STUDIOS / ISSUANCE OF NEW SHARES AS PART OF THE ACQUISITION OF BIG ANT STUDIOS

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Press release

Lesquin, September 29, 2021 at 6:00 p.m.

APURCHASE OF THE REMAINING CAPITAL OF
THEUNAR gREAT WALL STUDIOS

ISSUE OF NEW SHARES AS PART OF THE ACQUISITION OF BIG ANT STUDIOS

Nacon (the “Society“) announces today that it has entered into an agreement with the partners of the Milan-based Italian video game studio Lunar Great Wall Studios to acquire 46.85% of the studio’s capital, thereby increasing the Company’s stake to 100% ; Nacon also issued new shares in connection with the acquisition of Australian video game studio Big Ant Studios

  1. Aacquisition of 100% of THEunar gto eat Wall Sstudios

After having acquired 43.15% of the capital of Lunar Great Wall Studios better known under its trade name “RaceWard Studio” on July 27, 2019, Nacon had acquired an additional 10.00% on October 19, 2020 from Marco Ponte, founding manager of the studio .

Nacon announced today that it has entered into an agreement with the partners of the video game studio Lunar Great Wall Studios to acquire the remaining capital from them in order to increase its stake to 100% of the studios’ capital.

Lunar Great Wall Studios developed the RiMs Racing game for the Nacon Group, a realistic and ambitious motorcycle racing simulation that introduces many new game mechanics for the genre.

  1. Emission again actions in link with the acquisition of The big ants studios

On January 21, 2021, the Company announced the acquisition of Big Ant Studios, one of Australia’s leading video game studios in major sports such as rugby, tennis and cricket. As specified in the terms of the transaction, the acquisition contract provided for the payment of earn-outs based on performance criteria to the selling partners.

Given the strong performance of Big Ant Studios, some of the previously established performance criteria have been met. Big Ant Studios’ selling partners have decided to reinvest half of their earn-outs in the Company’s capital.

Thus, the Board of Directors of the Company decided today, making use of the delegation of authority conferred on it by the General Meeting of the Company of July 30, 2021 pursuant to its 15e resolution and in accordance with the provisions of Article L. 411-2 1 ° of the Monetary and Financial Code, an issue with cancellation of preferential subscription rights of 337,208 new ordinary shares of the Company, representing approximately 0.4% of the share capital of the Company Company, at a price per share of 4.93 euros including the issue premium (the “Transaction“). The subscription price of the Operation does not entail any discount compared to the average closing price of the Nacon share during the 20 trading days preceding its determination.

For Alain Falc, Chairman and CEO of the Company, “This reinvestment part of their to win-outside Payment speak Fat Ant Studios sale the partners Is a sign of their strong support and confidence in the Society “.

Following the Operation, the Company’s share capital will amount to € 86,291,410 divided into 86,291,410 ordinary shares of one (1) euro par value each.

The settlement-delivery of the new ordinary shares issued under the Transaction and their admission to trading on the regulated market of Euronext in Paris are scheduled for October 31, 2021.

The impact of the Operation on the distribution of the Company’s share capital is as follows:

Shareholders

Before Implementationm
of the transaction

Aclose Implementation
of the Operation

Actions

% of Capital city

Actions

% of Capital city

Bigben Interactive

65,097,988

75.74

65,097,988

75.44

Bpifrance Iinvestment

1,818,181

2.12

1,818,181

2.11

CDC Growth

2,169,600

2.52

2,169,600

2.51

Public

16,868,433

19.62

17 205 641

19.94

Total

85,954,202

100.00

86,291,410

100.00

By way of illustration, the participation of a shareholder holding 1.00% of the Company’s share capital, before the issue of new shares, amounts to 0.996% after the Operation.

In accordance with the provisions of article 211-3 of the general regulations of the Autorité des marchés financiers, the issuance of new ordinary shares of the Company as part of an offer mentioned in 1 ° of article L. 411 -2 of the Monetary and Financial Code, has not given rise to a prospectus submitted for approval by the Autorité des Marchés Financiers.

Detailed information on the Company, including its activity, results and associated risk factors, is available in the annual financial report for the year ended March 31, 2021, which, together with other regulated information and all press releases press release, is available on its website (https://corporate.nacongaming.com/).

To come up events:
Q2 2021/22 revenue: October 25, 2021,
Press release after closing of the Paris Bourse

* * *

ABOUT NACON

2020-21 ANNUAL SALES
177.8 M €

EFFECTIVE
Over 600 employees

INTERNATIONAL
16 subsidiaries and a distribution network in 100 countries
https://corporate.nacongaming.com/

NACON is a BIGBEN Group company founded in 2019 to optimize its know-how through strong synergies in the video game market. By bringing together its 11 development studios, AA video game publishing, design and distribution of premium gaming devices, NACON puts 30 years of expertise at the service of gamers. This new unified business unit strengthens NACON’s position in the market, allowing it to innovate by creating new unique competitive advantages.

Company listed on Euronext Paris, compartment B
ISIN: FR0013482791; Reuters: NACON.PA; Bloomberg: NACON: FP

PRESS CONTACT
Cap Value – Gilles Broquelet gbroquelet@capvalue.fr – +33 1 80 81 50 01

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