MDGIF - MDGIF STOCK NEWS

MGI - Media and Games Invest SE has officially chosen Sweden as its home member state, following its relocation of headquarters from Malta to Stockholm. This decision is part of MGI's initiative to enhance its capital market orientation, governance, and transparency. The company will comply with Swedish regulations for securities publication. CEO Remco Westermann emphasized the benefits of Sweden's governance standards and positive market experiences. MGI reported strong growth with a revenue CAGR of 77% from 2018 to 2021 and has successfully acquired over 35 companies in six years. The press release was published on January 30, 2023.

Media and Games Invest SE (MDGIF) announced the issuance of 15,000,000 warrants following its relocation from Malta to Sweden, aimed at supporting its Employee Stock Ownership Plan (ESOP) and covering obligations from the acquisition of Dataseat. This move aligns with Swedish regulations and is intended to enhance employee retention. Additionally, 3,199,990 warrants were issued to Dataseat sellers as potential equity compensation linked to future performance criteria. The ESOP has a term until 2030, with the first share delivery in April 2024.

MGI - Media and Games Invest SE has successfully relocated its registered office from Malta to Sweden, officially transforming into a full Swedish company as of January 3, 2023. This change marks a significant milestone following the company's strategic focus on Sweden since 2018, which has seen its revenues rise from EUR 45 million to over EUR 300 million (LTM Q3'22). The move is anticipated to attract more investors and reduce the risk premium, leveraging Sweden's reputation for strong governance. The new headquarters is located at Stureplan 6, Stockholm.

Media and Games Invest SE has announced the formation of its Nomination Committee ahead of the Annual General Meeting 2023. This committee includes representatives from the three largest shareholders and the Chair of the Board. The members are Tobias M. Weitzel (Chair), Hermann Dambach (Oaktree Capital Management), Dr. Gabriel Recnik (Bodhivas GmbH), and Anthony Gordon (representing a group of shareholders). Shareholders can submit proposals to the Nomination Committee until February 28, 2023.

Media and Games Invest SE (MDGIF) announces the relocation of its registered office from Malta to Sweden, effective January 2, 2023. Shareholders are not required to take any action, as their shares will convert automatically from Maltese to Swedish ISINs, with no change in the number of shares held. The transition will see the company continue trading on Nasdaq First North Premier Growth Market and the Frankfurt Stock Exchange. The relocation aims to streamline operations and enhance shareholder value, reflecting MGI's robust growth, including a 77% revenue CAGR from 2018 to 2021.

Media and Games Invest SE (MDGIF) reported a strong performance in Q3 2022, achieving net revenues of 87.6 million EUR, a 39% year-on-year increase. The adjusted EBITDA also rose by 21% to 23.0 million EUR. This growth was driven by a 23% organic revenue increase, supported by a notable rise in software clients. The company updated its full-year revenue guidance to 315-325 million EUR from 295-315 million EUR, while maintaining an adjusted EBITDA target of 83-93 million EUR. Despite macroeconomic challenges, MGI continues to expand its customer base and optimize its operations.

Media and Games Invest SE (ticker: MDGIF) is set to release its Q3 2022 Interim Report on November 15, 2022. The report will be accessible via press release and on the company’s website at www.mgi-se.com. An investor presentation will be held the same day at 10:00 am CET, available in English and on-demand. MGI has shown strong growth with a 77% CAGR from 2018 to 2021, thanks to over 35 acquisitions in recent years. For further inquiries, MGI's investor relations contacts are provided in the release.

Media and Games Invest SE (MDGIF) held its Extraordinary General Meeting on November 1, 2022, where key resolutions were passed. The company plans to relocate its registered office from Malta to Sweden, anticipated for January 2023. Shareholders approved the appointment of Deloitte Sweden AB as the new auditor for FY 2023 and adopted principles for the nomination committee. Notably, resolutions regarding the change of the company name and share issuance were also passed with overwhelming support. A total of 45,917,167 shares accounted for 28.83% of total shares present at the meeting.

Media and Games Invest SE (MDGIF) is convening an Extraordinary General Meeting on November 1, 2022. The agenda includes three extraordinary resolutions: changing the company's name to 'MGI - Media and Games Invest SE,' approving the re-domiciliation from Malta to Sweden, and authorizing the issuance of shares and options. Only one of the two required majorities was achieved at the recent AGM, necessitating this new meeting. Additional ordinary resolutions about the nomination committee, employee stock option program, and auditor appointment are also proposed.