GameAccount Network plc has raised gross proceeds of approximately £22.2m (€26.6m) by offering new shares worth £15m together with a sale of shares by some existing shareholders.
The company expects to be admitted to trading on the AIM market of the London Stock Exchange and the ESM market of the Irish Stock Exchange on November 25, 2013, under the ticker symbol GAME and ISIN code GB00BGCC6189.
On admission, at the placing price of £1.35 (€1.61), the company will have a market capitalisation of around £75m (€90m).
Dermot Smurfit, CEO of GameAccount Network (pictured with CFO Desmond Glass), said: “Strong international investor interest contributing to an oversubscribed offering highlights the significant opportunity for GameAccount Network in a rapidly growing regulated internet gaming sector.
“We are pleased to welcome quality, international institutions as shareholders on admission and believe that this reflects the strength of our investment case and prospects.”
