Further bond repurchases
Net Gaming Europe AB (publ) has made further repurchases of the Company’s own corporate bonds on the market corresponding to a nominal amount of SEK 30 million.
The repurchases are related to the Company’s own bond loan which has an outstanding nominal amount of SEK 375 million. Including the previously communicated repurchases, Net Gaming’s bond repurchases are SEK 67 million. Net Gaming’s bond loan is listed on Nasdaq Stockholm’s Corporate Bond List under the ticker “NETGAM002”. The bond has a variable interest rate of Stibor (3m) +7.25 percent and matures in September 2020.
“We continue our repurchases on the back of our strong cash conversion and our significant cash position. By resuming our bond repurchasing, we reduce our gross debt and our interest expenses, which in turn enables us to continue optimisation of the Company’s capital structure in order to create shareholder value,” comments Net Gaming CEO Marcus Teilman.
For further information, please contact:
Marcus Teilman, President and CEO
+356 9936 7352
Gustav Vadenbring, Group CFO
+356 9967 6001
Net Gaming Europe AB (publ)
Telephone: +46 8-410 380 44
Certified Adviser: FNCA Sweden AB, email@example.com, +46 8 528 00 399
About Net Gaming
Net Gaming owns, operates and develops high-quality comparison sites, mainly in iGaming affiliation, for the purpose of helping our partners by channelling high-quality users to the Company’s customers – primarily iGaming operators. Through the sites, Net Gaming generates high-quality users, primarily to global iGaming operators. The Company, which was founded in 2003, has just over 70 employees and is headquartered in Malta. The share (NETG) is listed on Nasdaq First North Growth Market Premier. Certified Adviser: FNCA Sweden AB, firstname.lastname@example.org, +46 8 528 00 399