Brief: Atari Issues New Shares And Launches New Mobile Games

Atari SA

21/02/2020 07:35

Feb 21 (Reuters) - ATARI SA  ATAR.PA :
    * ATARI LAUNCHES NEW MOBILE GAMES TO ACCELERATE ITS GROWTH
AND
ISSUES NEW SHARES WITH PREFERENTIAL SUBSCRIPTION RIGHTS IN
PARTNERSHIP WITH TWO DEVELOPMENT STUDIOS
    * CAPITAL INCREASE IN AN AMOUNT OF 3.6 MEUR, WITH OVER 75%
OF
ISSUE GUARANTEED, OF WHICH 0.2 MEUR BY AN INSTITUTIONAL INVESTOR
    * SUBSCRIPTION PRICE OF 0.28 EUR PER NEW SHARE, PREFERENTIAL
SUBSCRIPTION RIGHTS MAINTAINED, DILUTION LIMITED TO A MAXIMUM OF
5.44%
    * LAUNCH OF GAMES IN COMING MONTHS WITH A CONTRIBUTION TO
GROUP
REVENUE STARTING IN FINANCIAL YEAR 2020/2021; MOB EMPIRE ALREADY
IN CLOSED BETA RELEASE
    * OBJECTIVE OF CAPITAL INCREASE IS TO FINANCE LAUNCH OF
GAMES
THROUGH OFFSETTING OF RECEIVABLES FOR 2.25 MEUR
    * AMOUNT OF ISSUE CAN BE INCREASED TO 4,123,474.88 EUR
CORRESPONDING TO ISSUANCE OF 14,726,696 NEW SHARES

Source text for Eikon:  ID:nGNE8nFw00 
Further company coverage:  ATAR.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))