Brief: Bigben And Nacon Announce Approval Of Nacon’s Registration Document As Part Of Planned IPO

Bigben Interactive SA

30/01/2020 06:48

Jan 30 (Reuters) - Bigben Interactive SA  BGBN.PA :
    * BIGBEN AND NACON ANNOUNCE THE APPROVAL OF NACON’S
REGISTRATION
DOCUMENT BY THE FINANCIAL MARKETS AUTHORITY AS PART OF THE
PLANNED INITIAL PUBLIC OFFERING OF NACON ON THE REGULATED MARKET
OF EURONEXT® PARIS
    * APPROVAL OF REGISTRATION DOCUMENT IS FIRST STEP IN NACON'S
PROPOSED IPO ON EURONEXT(®)PARIS MARKET
    * FROM IPO ALAIN FALC, LAURENT HONORET WILL RESIGN
RESPECTIVELY AS
CEO AND COO OF BIGBEN INTERACTIVE SA
    * NACON EXPECTS FOR YEAR ENDED MARCH 31, 2023 TURNOVER
BETWEEN 180
AND 200 MILLION EUR
    * NACON SEES FOR YEAR ENDING MARCH 31 2020 A FY CURRENT
OPERATING
INCOME RATE OF AROUND 16%
    * FROM IPO DAY, FABRICE LEMESRE, MICHEL BASSOT WILL BE
APPOINTED
RESPECTIVELY CEO AND COO OF BIGBEN INTERACTIVE
    * ALAIN FALC APPOINTED CHAIRMAN AND CEO OF NACON SA TOGETHER
WITH
LAURENT HONORET AS COO
    * NACON SEES FOR YEAR ENDING MARCH 31 2023 A FY CURRENT
OPERATING
INCOME RATE EXCEEDING 20%
    * NACON SEES FOR YEAR ENDED MARCH 31 2020 A TURNOVER BETWEEN
127
AND 133 M EUR
    * ULTIMATELY, BIGBEN INTERACTIVE SA INTENDS TO KEEP BROAD
CONTROL
OVER ITS SUBSIDIARY NACON

Source text for Eikon:  ID:nGNEM2WZY 
Further company coverage:  BGBN.PA 

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