Mr Green approved for listing on Nasdaq Stockholm
Nasdaq Stockholm’s Listing Committee has approved Mr Green & Co AB’s (publ) shares for listing on Nasdaq Stockholm. The approval is subject to customary conditions, including the approval and registration of a prospectus by the Swedish Financial Supervisory Authority. Trading on Nasdaq Stockholm is expected to commence on 30 November 2016 and the final day of trading on AktieTorget is expected to be on 29 November 2016.
Shareholders do not need to take any action in conjunction with the listing on Nasdaq Stockholm. The shares will be traded under the same ticker symbol and ISIN code as before the listing, MRG and SE0006963682. No new shares will be issued in conjunction with the listing on Nasdaq Stockholm.
Last year Mr Green launched a major initiative to drive change, and has strengthened the organization and its management teams in Sweden and Malta. The company has also developed a new flexible technology platform which enables fast implementation of new features and a personalized customer communication. Through the technology platform the foundation for Mr Green’s initiative to drive change was established as well as a new business strategy, called Mr Green 2.0.
”Today, we have broader product offering, a new scalable business model and we focus on providing our customers with a unique personalized user experience”, comments Per Norman, CEO of Mr Green & Co AB. ”Mr Green is well positioned to continue the implementation of the new business strategy in order to achieve its targets to grow faster than the market with increased profitability and to become the leading player in sustainability and Green Gaming.”
The new business strategy Mr Green 2.0 is built on five cornerstones; brand, user experience, product offering, geographical expansion and being the leader in sustainability and Green Gaming (responsible gaming).
In the third quarter, Mr Green reached all-time high in number of active customers as well as customer deposits. The number of active customers increased by 39 per cent to more than 102,000 compared to the same period 2015 and customer deposits increased by 21 per cent to SEK 687.2 million. Revenues increased by 14 per cent and by 16 per cent in local currencies in the quarter compared to the same period last year.
The Board and Group management believe that a listing of Mr Green’s shares on Nasdaq Stockholm is a logical and important step in the company’s development and the continued implementation of its new business strategy. The Board and Group management believe that a listing will attract a broader group of investors and provide better conditions for increasing knowledge of the company and further strengthening the Mr Green brand among new and existing customers. A listing will also provide Mr Green with greater access to the Swedish and international capital markets, which are expected to promote the company’s continued growth and development. The Board and Group management also believe that listing the company’s shares will be a stamp of quality for Mr Green that could have a positive effect on relationships with customers, suppliers and partners.
A prospectus for the listing on Nasdaq Stockholm is expected to be published on 29 November 2016 and made available on the website www.mrg.se.
For further information:
Per Norman, CEO Mr Green & Co AB, phone +46 (0) 72 230 91 91
per.norman@mrg.se
The information was submitted for publication, through the agency of the contact person set out above, on 18 November 2016 at 14.00 CET.
Mr Green is a leading online gaming company with operations in 13 countries. The business concept is to offer entertainment and a first-class gaming experience in a responsible environment. The business was founded in 2007 and has developed into a well-established online gaming company with a broad customer offer and a strong globally viable brand. During 2015 Mr Green’s revenues was 793 MSEK and the company has over 190 employees. The headquarters and technical development are based in Stockholm, and operations in Malta. Mr Green has gaming licenses in Malta, UK and Italy. Since 2013, the company's stock is listed on AktieTorget.