Back to news

The board of directors of Scout Gaming Group AB (“Scout”) has today resolved to carry out a directed share issue by way of a cash payment of approximately MSEK 54 to a number of Swedish and international investors (the “Directed Share Issue”). The subscription price in the Directed Share Issue is SEK 27 per share, which corresponds to the closing price of the Company’s share on Nasdaq First North Growth Market as of today. 

The Directed Share Issue has been resolved pursuant to the authorization granted by the annual general meeting on 21 May 2021 and comprises a maximum of approximately 2.0 million shares at a subscription price of SEK 27 per share which gives a total issue proceeds of approximately MSEK 54 before issue expenses. The number of shares in the Company will through the Directed Share Issue increase from 20,536,654 shares to 22,520,047 shares, entailing a dilution of approximately 8.8 percent of the number of shares and votes in the Company.

Ellerston Capital Limited, Topline Capital Partners LP, Lupus alpha Investment GmbH, SPSW Capital GmbH, Scobie Ward (SWIM Capital), Knutsson Holdings AB and Provobis Holding AB are entitled to subscribe in the Directed Share Issue. The Company has received subscription commitments from all of the subscribers.

The reason to carry out a new share issue is to strengthen the Company’s financial position, strengthen the Company’s product portfolio and for continued geographical expansion. In the light of the foregoing, the board of directors has made the assessment that it is in the Company’s and the shareholders interest to conduct a share issue with deviation from the shareholders’ preferential rights.

It is a pleasure to be able to expand the institutional owner base further and to have continued support from major existing shareholders, on terms favourable for the company. The capital injection will enable us to continue our strategy in establishing the European fantasy sports market”, says Scout Gaming’s CEO, Andreas Ternström.

In connection with the Directed Share Issue, the Company has engaged ABG Sundal Collier as financial advisor and Advokatfirman Delphi as legal advisor.

This constitutes information that Scout Gaming Group (publ) is legally obliged to publish under the EU’s Market Abuse Regulation. The information was released for publication, through the agency of the contact persons above, on 1 July 2021 at 21.45 p.m. CEST.

For additional information, please contact:
Andreas Ternström, CEO
Tel: +46 706 770 660
E-mail: [email protected]

Billy Degerfeldt, CFO & Investor Relations
Tel: +46 707 581 668
E-mail: [email protected].