SCHWEDEN

EQS-News: Verve Appoints Alex Stil as Chief Commercial Officer to Lead the Strategic Expansion of its Demand-Side Business

Retrieved on: 
onsdag, juli 3, 2024

Verve Group SE ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER / M8G) is pleased to announce the appointment of Alex Stil as its new Chief Commercial Officer who will lead the expansion of the demand side business.

Key Points: 
  • Verve Group SE ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER / M8G) is pleased to announce the appointment of Alex Stil as its new Chief Commercial Officer who will lead the expansion of the demand side business.
  • Alex brings extensive experience in digital media, brand management and agency ecosystems, positioning him as a pivotal addition to Verve's leadership team.
  • Alex's career spans as a serial digital entrepreneur and a results-driven business leader, with notable achievements in digital media and ad technology.
  • Next to product enhancement, Alex will also prioritize enhancing client experiences to foster long-term loyalty and maximize client satisfaction.

Verve Group SE successfully places senior secured bonds of EUR 65 million, gives conditional notice of early total redemption of 2020/2024 bonds and reduces interest costs by 2.37%

Retrieved on: 
onsdag, juli 3, 2024

Verve Group SE successfully places senior secured bonds of EUR 65 million, gives conditional notice of early total redemption of 2020/2024 bonds and reduces interest costs by 2.37%

Key Points: 
  • Verve Group SE successfully places senior secured bonds of EUR 65 million, gives conditional notice of early total redemption of 2020/2024 bonds and reduces interest costs by 2.37%
    Verve Group SE successfully places senior secured bonds of EUR 65 million, gives conditional notice of early total redemption of 2020/2024 bonds and reduces interest costs by 2.37%
    July 02, 2024 (17:00 CEST) – Verve Group SE ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER) a fast-growing, profitable digital media company that provides AI-driven advertising-software solutions, has following a bookbuilding process, successfully placed a subsequent bond issue (the “Subsequent Bond Issue” or the “Subsequent Bonds”) in an amount of EUR 65 million under the Company’s existing senior secured floating rate bond framework with ISIN SE0018042277 (the “Bonds”).
  • Following the Subsequent Bond Issue, the outstanding amount under the Bonds will be EUR 240 million.
  • of the outstanding nominal amount (i.e., EUR 100,719 per 2020/2024 Bond) together with any accrued and unpaid interest.
  • A notice of early redemption will be sent to directly registered owners of the 2020/2024 Bonds in the debt register as of 2 July 2024.

EQS-News: Proceeds from the Subsequent Bond Issue will be used to fully redeem the Company’s outstanding 2020/2024 senior secured bond with ISIN SE0015194527 (the “2020 Bonds”) and for general corporate purpose

Retrieved on: 
onsdag, juli 3, 2024

Following the Subsequent Bond Issue, the outstanding amount under the Bonds will be EUR 240 million.

Key Points: 
  • Following the Subsequent Bond Issue, the outstanding amount under the Bonds will be EUR 240 million.
  • Proceeds from the Subsequent Bond Issue will be used to fully redeem the Company’s outstanding 2020/2024 senior secured bond with ISIN SE0015194527 (the “2020 Bonds”) and for general corporate purposes of the Company.
  • of the outstanding nominal amount (i.e., EUR 100,719 per 2020/2024 Bond) together with any accrued and unpaid interest.
  • Pareto Securities AB acted as sole bookrunner and Gernandt & Danielsson Advokatbyrå acted as legal advisor in connection with the Subsequent Bond Issue.

Verve announces intention to carry out a directed share issue

Retrieved on: 
onsdag, juni 26, 2024

The board of directors of Verve Group SE (Scale Segment Frankfurt Stock Exchange: VER), (Nasdaq First North Premier Growth Market: VER) (“Verve” or the “Company”) hereby announces its intention to carry out an issue of approximately 27 million new ordinary A shares (approximately 17 percent of outstanding share capital) directed to institutional investors through an accelerated book-building procedure pursuant to the authorisation granted by the annual general meeting held on June 13, 2024 (the “Directed Share Issue”).

Key Points: 
  • The board of directors of Verve Group SE (Scale Segment Frankfurt Stock Exchange: VER), (Nasdaq First North Premier Growth Market: VER) (“Verve” or the “Company”) hereby announces its intention to carry out an issue of approximately 27 million new ordinary A shares (approximately 17 percent of outstanding share capital) directed to institutional investors through an accelerated book-building procedure pursuant to the authorisation granted by the annual general meeting held on June 13, 2024 (the “Directed Share Issue”).
  • Verve has engaged Pareto Securities AB and Swedbank AB (publ) (jointly referred to as the "Managers") to explore the conditions for carrying out the Directed Share Issue.
  • The support from two of the Company’s key shareholders is expected to increase the interest in and thereby facilitate the Directed Share Issue.
  • Also, a rights issue would entail significantly higher costs and increased exposure to potential market volatility compared to the Directed Share Issue.

Verve Acquires Jun Group, a Mobile First Digital Advertising Firm, Resulting in Combined, Pro Forma, €447m Revenues and €151m Adj. EBITDA, Reduced Leverage of 2.4x, Updated Mid-Term Financial Targets

Retrieved on: 
onsdag, juni 26, 2024

The high EBITDA margin of 52%, thereof 95% cash EBITDA, improves Verve’s combined EBITDA margin to 34% and significantly increases the cash conversion.

Key Points: 
  • The high EBITDA margin of 52%, thereof 95% cash EBITDA, improves Verve’s combined EBITDA margin to 34% and significantly increases the cash conversion.
  • At an implied 10% organic growth rate in 2025, the EBITDA will grow to approximately €170m of which approximately 80% is cash EBITDA.
  • The Transaction will improve Verve's balance sheet, increase flexibility and reduce leverage to 2.4x on 2024E pro forma basis (2.8x including deferred payment).
  • With Jun Group, we are now significantly strengthening the demand side, which will enable us to achieve significant synergies.

Verve successfully completes a directed issue of 27,108,434 new shares raising proceeds of approximately SEK 450 million

Retrieved on: 
onsdag, juni 26, 2024

Through the Directed Share Issue, Verve will receive gross proceeds amounting to approximately SEK 450 million.

Key Points: 
  • Through the Directed Share Issue, Verve will receive gross proceeds amounting to approximately SEK 450 million.
  • The subscription price in the Directed Share Issue is SEK 16.60 per share and has been determined through an accelerated book-building procedure led by the Managers.
  • Also, a rights issue would entail significantly higher costs and increased exposure to potential market volatility compared to the Directed Share Issue.
  • The Company’s assessment is that the support from Bodhivas GmbH and Oaktree, and their participation in the Directed Share Issue, facilitated the Directed Share Issue by increasing investor interest.

MGI – Media and Games Invest SE held its Annual General Meeting

Retrieved on: 
måndag, juni 17, 2024

Thursday, June 13, 2024 - Media and Games Invest SE (“MGI” or the “Company”, ISIN: SE0018538068; Ticker M8G; Nasdaq First North Premier Growth Market and Scale Segment Frankfurt Stock Exchange), held its annual general meeting today on June 13, 2024.

Key Points: 
  • Thursday, June 13, 2024 - Media and Games Invest SE (“MGI” or the “Company”, ISIN: SE0018538068; Ticker M8G; Nasdaq First North Premier Growth Market and Scale Segment Frankfurt Stock Exchange), held its annual general meeting today on June 13, 2024.
  • The annual general meeting resolved that no dividend should be paid for the financial year 2023 and that the residue of this year’s result should be carried forward.
  • The annual general meeting resolved that the fees to the auditor should be paid in accordance with approved invoice.
  • The annual general meeting re-elected Deloitte Sweden AB as the Company’s auditor for the period until the close of the annual general meeting 2025.

EQS-News: MGI – Media and Games Invest is now Verve

Retrieved on: 
måndag, juni 17, 2024

June 13, 2024 – MGI – Media and Games Invest SE, a leading digital media company, is pleased to announce that it has officially changed its name to Verve (Ticker: VER, ISIN: SE0018538068), with immediate effect, following approval at today's Annual General Meeting.

Key Points: 
  • June 13, 2024 – MGI – Media and Games Invest SE, a leading digital media company, is pleased to announce that it has officially changed its name to Verve (Ticker: VER, ISIN: SE0018538068), with immediate effect, following approval at today's Annual General Meeting.
  • Verve is a fast-growing, profitable digital media company that provides AI-driven ad-software solutions.
  • Verve matches global advertiser demand with publisher ad-supply, enhancing results through first-party data from its own content.
  • The company focuses on enabling better outcomes for brands, agencies, and publishers with responsible advertising solutions, while emphasizing emerging media channels.

EQS-News: MGI – Media and Games Invest SE held its Annual General Meeting

Retrieved on: 
måndag, juni 17, 2024

Thursday, June 13, 2024 - Media and Games Invest SE (“MGI” or the “Company”, ISIN: SE0018538068; Ticker M8G; Nasdaq First North Premier Growth Market and Scale Segment Frankfurt Stock Exchange), held its annual general meeting today on June 13, 2024.

Key Points: 
  • Thursday, June 13, 2024 - Media and Games Invest SE (“MGI” or the “Company”, ISIN: SE0018538068; Ticker M8G; Nasdaq First North Premier Growth Market and Scale Segment Frankfurt Stock Exchange), held its annual general meeting today on June 13, 2024.
  • The annual general meeting resolved that no dividend should be paid for the financial year 2023 and that the residue of this year’s result should be carried forward.
  • The annual general meeting resolved that the fees to the auditor should be paid in accordance with approved invoice.
  • The annual general meeting re-elected Deloitte Sweden AB as the Company’s auditor for the period until the close of the annual general meeting 2025.

Eurobattery Minerals signs Letter of Intent to invest in a tungsten project expected to yield cashflows from 2025

Retrieved on: 
fredag, maj 10, 2024

The investment will, in combination with a letter of intent with an off-taker within the Sandvik Group, enable TSJ to start delivering tungsten material to Europe in 2025.

Key Points: 
  • The investment will, in combination with a letter of intent with an off-taker within the Sandvik Group, enable TSJ to start delivering tungsten material to Europe in 2025.
  • Tungsten is a critical raw material used widely in industrial applications and in many important sectors, e.g.
  • Eurobattery Minerals intends to explore the possibility of obtaining financing for the investment, for which the parties’ collective ambition is to complete the deal in 2024.
  • The LOI gives Eurobattery Minerals exclusive rights for ninety calendar days to invest the majority stake in the Project.