PRESS RELEASE: NACON: ISSUANCE OF NEW SHARES IN CONNECTION WITH THE ACQUISITION OF BIG ANT STUDIOS
15 September 2022 - 9:57PM
PRESS RELEASE: NACON: ISSUANCE OF NEW SHARES IN CONNECTION WITH THE
ACQUISITION OF BIG ANT STUDIOS
Press
release
Lesquin, 15 September 2022 18:00hrs
ISSUANCE OF NEW SHARES IN CONNECTION WITH
THE ACQUISITION OF BIG
ANT
STUDIOS
On January 21, 2021, the Company announced the
acquisition of Big Ant Studios, a leading Australian video game
studio in major sports such as rugby, tennis and cricket. As
specified in the terms of the transaction, the acquisition
agreement provided for the payment of earnouts based on performance
criteria to the selling partners.
Given the strong performance of Big Ant Studios,
some of the performance criteria previously established have been
met. The selling partners of Big Ant Studios have decided to
reinvest half of their earn-outs in the capital of the Company.
Thus, the Board of Directors of the Company has
decided today, using the delegation of authority granted to it by
the General Meeting of the Company on July 22, 2022 under the terms
of its 15th resolution and in accordance with the provisions of
article L. 411-2 1° of the French Monetary and Financial Code, an
issue without preferential subscription rights of 400,234 new
ordinary shares of the Company, representing approximately 0.46% of
the existing share capital of the Company, at a price per share of
4.858 euros including the issue premium (the
"Transaction"). The subscription
price for the Transaction does not involve any discount to the
average closing price of Nacon shares over the 20 trading days
preceding its determination.
For Alain Falc, Chairman and CEO of the Company,
"This reinvestment of a portion of their earn-out payment by the
Big Ant Studios selling partners is a sign of their strong support
and confidence in the Company ».
Following the Transaction, the share capital of
the Company will amount to € 86,879,407 divided into 86,879,407
ordinary shares of one (1) euro nominal value each.
The settlement-delivery of the new ordinary
shares issued in the context of the Transaction and their admission
to trading on the regulated market of Euronext in Paris are
scheduled for October 15, 2022.
The impact of the Transaction on the
distribution of the Company's share capital is as follows:
Shareholders |
Before
implementationof
the Transaction |
After implementation of
the Transaction |
Shares |
% of
capital |
Shares |
% of
capital |
Bigben Interactive |
56,616,003 |
65.47 % |
56,616,003 |
65.17% |
Bpifrance
Investissement |
1,818,181 |
2.10 % |
1,818,181 |
2.09 % |
CDC Croissance |
2,272,552 |
2.63 % |
2,272,552 |
2.62 % |
Public |
25,772,437 |
29.8% |
26,172,671 |
30.12% |
Total |
86,479,173 |
100.00 % |
86,879,407 |
100.00 % |
By way of illustration, the shareholding of a
shareholder holding 1.00% of the Company's share capital, prior to
the issue of new shares, amounts to 0.995% after the
Transaction.
In accordance with the provisions of article
211-3 of the General Regulations of the Autorité des Marchés
Financiers, the issue of new ordinary shares of the Company in the
context of an offer referred to in paragraph 1° of article L. 411-2
of the French Monetary and Financial Code, has not led to a
prospectus submitted for approval to the Autorité des Marchés
Financiers.
Detailed information about the Company,
including its business, results and related risk factors, can be
found in the annual financial report for the year ended March 31,
2022, which, together with other regulated information and all of
the Company's press releases, is available on its website
(https://corporate.nacongaming.com/).
Upcoming
events:Q2 2022/23
sales: 24 October
2022, Press release
after close of the Paris stock exchange
* * *
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any securities in
any jurisdiction nor shall it be deemed an offer, solicitation or
sale in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under
local law.
Post-Market Release
2021-22
ANNUAL SALES 155.9 M€ HEADCOUNT
Over 900 employees INTERNATIONAL 23 subsidiaries
and a distribution network across 100 countries
https://corporate.nacongaming.com/ |
NACON is a company of the BIGBEN
Group founded in 2019 to optimize its know-how through strong
synergies in the video game market. By bringing together its 16
development studios, the publishing of AA video games, the design
and distribution of premium gaming devices, NACON focuses 30 years
of expertise at the service of players. This new unified business
unit strengthens NACON's position in the market, enables 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 |
Disclaimer
This press release may not be disseminated,
published or distributed, directly or indirectly, in the United
States of America, Australia, Canada or Japan. The distribution of
this press release may be subject to specific regulations in
certain countries. Persons in possession of any documents or other
information referred to in this press release should inform
themselves about and observe any local restrictions. Failure to
comply with such restrictions may constitute a violation of the
securities laws of the relevant jurisdiction.
- Nacon - CP 15 09 2022 BigAnt AK post earn-out - Diffusion
ENG
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