Brief: Media And Games Invest To Move Headquarter From Malta To Sweden

Mgi Media and Games Invest Se

09/02/2022 07:52

Feb 9 (Reuters) - MEDIA AND GAMES INVEST SE  M8G.DE :
    * THE BOARD OF DIRECTORS HAS DECIDED TO PROPOSE AT THE NEXT
AGM TO
MOVE THE HEADQUARTER FROM MALTA TO SWEDEN
    * RELOCATION TO SWEDEN IS NEXT LOGICAL STEP FOR COMPANY AND
FOLLOWS LISTING IN SWEDEN IN 2020
    * CHAIRMAN AND CEO ROLE WILL BE SPLIT IN LINE WITH SWEDISH
CORPORATE GOVERNANCE CODE, WHILE REMCO WESTERMANN WILL REMAIN AS
CEO AND DIRECTOR OF COMPANY
    * EXPECTS TO COMPLETE TRANSFORMATION BY END OF 2022 WITH AN
EFFECTIVE DATE IN JANUARY 2023
    * RELOCATION AND OPTIMIZATION OF GOVERNANCE STRUCTURE WILL
PROVIDE
COMPANY WITH BETTER ACCESS TO CAPITAL MARKETS AS CERTAIN
INVESTORS HAVE RESTRICTIONS ON INVESTING IN MALTESE COMPANIES

Source text for Eikon:  ID:nEQmWHDDa 
Further company coverage:  M8G.DE 

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