Media and Games Invest plans private placement of shares for approx. €24 million

Media and Games Invest plc. has announced its intention to conduct a private placement of new shares, with the goal of raising approximately €24 million. The company stated that the proceeds will be used for general corporate purposes, though specific allocations were not detailed.

The share placement is directed towards specific investors and is not a public offering. This method is often used by companies to secure capital efficiently. Media and Games Invest operates across various media and gaming sectors, including game publishing and marketing services.

In recent years, the company has undergone strategic adjustments, including acquisitions and divestitures, aimed at streamlining its operations and focusing on core business activities. This new capital raise appears to be part of the company's ongoing financial strategy to support its growth and operational objectives.

The completion of the share placement is subject to regulatory approvals. Further details regarding the subscription price and timeline are expected to be announced subsequently.