Ad hoc-News

blockescence plc: strengthens business segment media through successful acquisition of Applift GmbH

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014                                      June 12, 2019 | 04:30 CET/CEST  



blockescence plc: strengthens business segment media through successful acquisition of Applift GmbH

Valletta, 12 June 2019: blockescence plc, which will be renamed to Media and Games Invest plc, hereinafter called MGI (Securities Identification Number: MT0000580101; symbol: BCK, "blockescence"), acquired 85.47% of the shares in AppLift GmbH (the remaining 14.53% are held by AppLift GmbH as treasury shares).. AppLift is a mobile performance network concentrating on customer acquisition for mobile apps. The company was founded in 2012 and has it's headquarter in Berlin. Blockescence also acquires all subsidiaries and participations of AppLift GmbH, including a.o. the majority stake in PubNative GmbH based in Berlin. PubNative operates a leading supply-side platform for mobile app developers, enabling mobile publishers to maximize their advertising revenues.

AppLift generates consolidated net revenues in the double-digit million euro range.



Information and Explanation of the Issuer to this News:

With the acquisition of Applift, blockescence group is strengthening its media unit. Based on synergies between the new media companies and the gaming companies of the group, positive effects for the marketing of the gamigo online-games are expected.

The combination of acquisitions and an efficiency-driven platform strategy is driving the growth of blockescence. In both gaming and media, many companies are currently for sale, also there is the opportunity to increase the stakes of current portfolio companies. To finance this further M&A based growth, blockescence plans to hold talks with institutional investors in the coming weeks to explore various options for raising equity and / or debt. Therefore, the Executive Board, also involving the ICF Bank AG, will address selected potential institutional investors, in order to obtain an initial sounding on possible additional financing options to accelerate growth.

CEO Remco Westermann comments on the acquisition as follows: 'With the acquisition of the media companies AppLift and PubNative, we are continuing our successful M&A-based consolidation strategy and expanding our offering as well as revenues. In doing so, we are specifically complementing our service and product portfolio in the media sector and also expect substantial synergies for the gaming sector'.

 

About blockescence plc (in future 'Media and Games Invest plc'):

blockescence (in future 'Media and Games Invest plc') is a strategic investment holding focusing on a 'buy, integrate, build & improve' strategy of fast-growing companies within the media and games market. The portfolio companies of blockescence grow through acquisitions as well as organically. Proven and new technologies are actively being used to create efficiency improvements and competitive advantages. The most important participation is the gamigo AG, a fast-growing company in the gaming and media sectors of which blockescence holds 38 % of shares and 53 % of voting rights. blockescence has its headquarters in Valletta (Malta), it holds subsidiaries in Switzerland and Germany, and it is listed on the Frankfurt stock market as well as XETRA.

 

Disclaimer:

This release may contain certain forward-looking statements based on current assumptions and forecasts made by the management of blockescence or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of blockescence and its affiliated companies and the estimates given here. Neither blockescence nor its affiliated companies assume any liability to update these forward-looking statements or to adapt them to future events or developments.

 

Press contact:

edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop

Phone: +49 69 9055 05 51

E-mail: gamigo@edicto.de

 

Issuer:

blockescence plc

168 St. Christopher Street  
Valletta VLT 1467 
Malta 

Email: info@blockescence.com

Web-Page: www.blockescence.com 

blockescence plc: stärkt den Geschäftsbereich Medien durch erfolgreiche Übernahme der AppLift GmbH
blockescence plc" capital increases by 2,170,000 shares

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014                                      May 7, 2019 | 22:22 CET/CEST  



"blockescence plc" capital increases by 2,170,000 shares

  • Board of Directors of blockescence plc decides capital increase with 2.170.000 new shares as part of the financing of the purchase of shares of ReachHero GmbH
  • New name ‘Media and Games Invest plc’ is planed in line with company focus
  • Extraordinary general meeting regarding proposed name change on May 29, 2019

Valletta, 07 May 2019 | 22:22 CET/CEST: The Board of Directors of blockescence plc (WKN: MT0000580101; symbol: BCK, "blockescence") has decided to complete the acquisition of the majority stake in ReachHero GmbH on May 10, 2019 (closing expexted) and for this purpose resolves a capital increase of 2,170,000 shares as part of the purchase price payment for the acquisition of shares in ReachHero GmbH. The company will issue 2,170,000 new shares with a nominal value of EUR 1,00 per share. As announced on February 26, 2019, the shares for the payment of the purchase price will be used for the acquisition of the majority of the ReachHero GmbH shares.

Furthermore, the Board of Directors today decided to propose to the Shareholders that the company name of blockescence plc shall be changed to "Media and Games Invest plc".

The decision for the new name has been made to better reflect the focus of the company. The name change shall be put to a vote at an extraordinary general meeting on May 29, 2019.

It was also decided that the company wants to increase its stake in gamigo AG to at least 65% and therefore to start concrete negotiations with the minority shareholders of the company.

--End of Ad hoc note—



Notes

The change of name is to clarify the company’s alignment towards investors. The new name ‘Media and Games Invest plc’ complies with its focus to acquire shares in the media and gaming sectors as a strategic investment holding and to further develop the assets following a ‘buy, integrate, build & improve’ principle. Within the fast-growing media and gaming markets, the company continues to build on using arising M&A opportunities as well as platform and synergy potentials between the markets and its portfolio companies in the most ideal way.

The acquisition of the ReachHero shares is the first direct investment of Media and Games Invest plc (short: MGI) within the media sector. It is expected to cause significant synergies with the gamigo media companies adspree and Mediakraft as well as to have positive effects on the gaming unit of the gamigo group. Therefore, the transaction is exemplary for the orientation of MGI. As announced on February 26, 2019, 65,42 % of ReachHero’s shares have been acquired, with also the option to acquire the remaining shares as well.

A further increase of shares regarding the most important participation, the gamigo AG, is planned. At this time, 38 % of shares and 53 % of voting rights are being held. The goal is to increase the participation to more than 65 %, through the acquisition of shares from minority shareholders. For years, the gamigo group shows a steady and continuous increase in revenue and earnings. With more than 20 M&A transactions in the past 5 years, gamigo successfully positioned itself as a consolidator on the fast-growing media and gaming markets and proved that its acquisition-driven platform strategy is successful.

CEO Remco Westermann: ‘We have a high level of expertise in two fast-growing markets which have many things in common and which provide opportunities for great synergies. gamigo shall be more closely involved in the future to elevate more synergies. Therefore, we want to increase our share of the company. We proved in the past that we can invest, integrate and develop in a profitable way. Our focus makes us unique in the market which shall now also be expressed by our namechange.’

 

About blockescence plc (in future ‘Media and Games Invest plc’):

blockescence (in future ‘Media and Games Invest plc’) is a strategic investment holding focusing on a ‘buy, integrate, build & improve’ strategy of fast-growing companies within the media and games market. The portfolio companies of blockescence grow through acquisitions as well as organically. Proven and new technologies are actively being used to create efficiency improvements and competitive advantages. The most important participation is the gamigo AG, a fast-growing company in the gaming and media sectors of which blockescence holds 38 % of shares and 53 % of voting rights. blockescence has its headquarters in Valletta (Malta), it holds subsidiaries in Switzerland and Germany, and it is listed on the Frankfurt stock market as well as XETRA.

 

Disclaimer:

This release may contain certain forward-looking statements based on current assumptions and forecasts made by the management of blockescence or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of blockescence and its affiliated companies and the estimates given here. Neither blockescence nor its affiliated companies assume any liability to update these forward-looking statements or to adapt them to future events or developments.

 

Press contact:

edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop

Phone: +49 69 9055 05 51

E-mail: blockescence@edicto.de

 

Emitter:

blockescence plc
Soeren Barz, Head of Investor Relations

St. Christopher Street 168 
Valletta VLT 1467 
Malta 

Email: info@blockescence.com

Web-Page: www.blockescence.com 

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Notification of news according to article 17 MAR
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