Nacon announces that it has issued new shares in connection with the acquisition (announced for January 2021) of Big Ant Studios, an Australian video game studio specializing in sports such as rugby, tennis and cricket.

The acquisition agreement provided for the payment of earnouts based on performance criteria to the selling partners. However, they have decided to reinvest half of their earnouts in Nacon's capital.

The Board of Directors has therefore decided to issue 696,956 new ordinary shares, representing 0.8% of the existing share capital, at a price per share of 1.539 euros. Settlement and delivery are scheduled for October 18.

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