Enad Global 7’s SEK 1.7 Billion Directed Share Issue

Gernandt & Danielsson has advised Carnegie Investment Bank AB and Swedbank AB on the deal. 

EG7’s Board of Directors has resolved to issue in total 20,731,707 shares, of which 9,802,408 are issued based on the authorization granted by the Extraordinary General Meeting held on 29 October 2020, and 10,929,299 are issued subject to the subsequent approval of the Extraordinary General Meeting to be held on 17 December 2020.

The subscription price in the Directed Share Issue equals the closing price of yesterday’s trading at SEK 82 per share.

The Directed Share Issue was subscribed for by a large number of Swedish and international institutional investors, including Swedbank Robur, Handelsbanken Fonder, Skandia, Första AP-fonden, the Stena Olsson family together with Erik Nielsen, Lannebo Fonder, TIN Fonder, Länsförsäkringar Fonder and Creades.

EG7 is a group of companies within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market. The company employs 170+ game developers and develops its own original IP:s, as well as act as consultants to other publishers around the world through its game development divisions Toadman Studios, Big Blue Bubble and Antimatter Games. In addition, the group’s marketing department Petrol has contributed to the release of 1,500+ titles, of which many are world famous brands such as Call of Duty, Destiny, Dark Souls and Rage. The group’s publishing and distribution department Sold Out holds expertise in both physical and digital publishing and has previously worked with Team 17, Rebellion and Frontier Developments. The Group is headquartered in Stockholm with approximately 270 employees in 10 offices worldwide.

The Gernandt & Danielsson’s team consisted of Mikael Borg (Picture), Gustav Skogö Nyvang, Adrian Della Morte Pålstam, Erik Svärd, Andreas Lexhag and Jonathan Antonsson.

Involved fees earner: Jonathan Antonsson – Gernandt & Danielsson Advokatbyrå KB; Mikael Borg – Gernandt & Danielsson Advokatbyrå KB; Andreas Lexhag – Gernandt & Danielsson Advokatbyrå KB; Adrian Della Morte Pålstam – Gernandt & Danielsson Advokatbyrå KB; Gustav Skogö Nyvang – Gernandt & Danielsson Advokatbyrå KB; Erik Svärd – Gernandt & Danielsson Advokatbyrå KB;

Law Firms: Gernandt & Danielsson Advokatbyrå KB;

Clients: Carnegie Investment Bank AB; Swedbank;