Share Issue/Capital Change • Jul 7, 2016
Share Issue/Capital Change
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7 July 2016, 18:00
BIGBEN INTERACTIVE announces the successful increase of its share capital through the exercise of equity warrants (Bons de Souscription d'Actions - BSA) issued in June 2014.
The issue of 1,815,069 new ordinary shares through the exercise of aforementioned equity warrants allows the company to cash in € 7.27 million (of which € 7.24 million since April 1, 2016) and to raise its consolidated shareholders' funds to more than 116 M €.
The share capital now consists of 18,222,539 ordinary shares representing 18,623,292 voting rights (gross voting rights including shares owned by the company).
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This offer was widely followed with subscriptions of warrant holders totalling nearly 93.9% of available shares.
The equity raised by the Company will fund its technical developments and organic growth.
"We would like to convey our thanks to existing and new shareholders for showing their trust through their massive participation in this offer. With their support, we will pursue and accelerate our investments, particularly by expanding our catalog of strategic video games in the Publishing business segment. These investments will be part of Bigben proactive development strategy "Horizon 2018", a strategy that will enable a significant improvement of the operational results of the current 2016/2017 fiscal year and especially those of the following year." stated Alain FALC, chairman of Bigben Interactive.
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The new ordinary shares issued are traded on the Eurolist of Euronext Paris (C market segment) under the same ISIN FR0000074072-BIG code as existing stock.
As a matter of record, these BSA equity warrants (expiry date on 30 June 2016) were listed since 27June 2014 in Compartment C under ISIN code FR0011993328- BIGBS code. These equity warrants were initially to be exercised from 27 June 2014 until 31 January 2016, however the expiry date was postponed to 30 June 2016 by the Annual General Meeting of 31 August 2015. The same General meeting of shareholders reduced the exercise price from € 7.70 to 4.00 € per new share as a response to the evolution of the share price and the general context of financial markets.
Press release after close of business on Euronext Paris stock market
| SALES 2015-2016 202,2M€ |
Bigben Interactive is a European player in video game publishing, the design and distribution of accessories for smartphones and video games as well as in audio products. The Group, which is recognized for its capacities in terms of innovation and creation, seeks to become one of Europe's leaders in each of its business segments. |
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| HEADCOUNT ca. 350 employees |
Company listed on Euronext Paris, compartment C – Index : CAC SMALL – Éligible SRD long ISN : FR0000074072 ; Reuters : BIGPA ; Bloomberg : BIGFP |
| INTERNATIONAL 9 subsidiaries and a distribution network in 50 countries |
PRESS CONTACTS CapValue – Edouard Miffre [email protected] - +33 1 80 81 50 02 |
| www.bigben-group.com | CapValue – Gilles Broquelet [email protected] - +33 1 80 81 50 01 |
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