Net Gaming Europe AB (publ) has during the week repurchased the Company’s own corporate bonds on the market corresponding to a nominal amount of SEK 37 million.
The repurchases are related to the Company’s own bond loan which has an outstanding nominal amount of SEK 375 million. Net Gaming’s bond repurchases amount to SEK 37 million, corresponding to 9.87 percent of the total outstanding bond amount. Net Gaming’s bond loan is listed on Nasdaq Stockholm’s Corporate Bond List under the bond ticker symbol “NETGAM002”. The bond has a variable interest rate of Stibor 3m + 7.25 percent and matures in September 2020.
“We have a significant cash position which is constantly replenished from our strong operating cash flows. The bond buyback enables us to reduce our interest expenses and our gross debt. We will continue to work actively to evaluate our balance sheet and optimisation of our capital structure 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
Email: [email protected]
Certified Adviser: FNCA Sweden AB, [email protected], +46 8 528 00 399