REG - Gaming Realms PLC - Repayment of Loan

Gaming RealmsAnnouncement

12/12/2022 07:00

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RNS Number : 2926J  Gaming Realms PLC  12 December 2022

 

12 December 2022

 

Gaming Realms Plc

 

("Gaming Realms", the "Company" or the "Group")

 

Repayment of Loan

 

 

The Company announces that it has paid, in cash, £3.4m (which includes the
remaining outstanding principal balance of £3,000,000 plus related charges
and interest) to JPJ Group Holdings Limited (a wholly owned subsidiary of
Bally's Corporation) ("JPJ") in respect of the £3,500,000 secured
convertible loan notes dated 14 December 2017, which has now been repaid in
full.

 

The Company's financial position post repayment remains strong, with the
Company being highly cash generative and the net cash position as at 31
December 2022 expected to be approximately £3m.

 

 

Enquiries:

 

 Gaming Realms plc                     0845 123 3773

 Michael Buckley, Executive Chairman

 Mark Segal, CFO

 Peel Hunt LLP - NOMAD and broker      020 7418 8900

 George Sellar

 Andrew Clark

 Lalit Bose

 Yellow Jersey                         07747 788 221

 Charles Goodwin

 Annabelle Wills

 

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

 

About Gaming Realms

 

Gaming Realms creates and licenses innovative games for mobile, with
operations in the UK, U.S. and Canada. Through its unique IP and brands,
Gaming Realms is bringing together media, entertainment and gaming assets in
new game formats. The Gaming Realms management team includes accomplished
entrepreneurs and experienced executives from a wide range of leading gaming
and media companies.

 

 

 

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