Press release from Companies

Publicerat: 2013-04-26 08:51:11

Transferator AB: Mr Green & Co AB (publ) has reached 51.48% ownership in the fast growing Green Gaming Group Plc

Transferator AB, a Swedish investment company, today announces that its subsidiary Mr Green & Co AB (“MRGco”) has acquired additional shares in Green Gaming Group Plc (”GGG”) and now holds 51.48% of votes and capital in GGG. The transaction means that GGG is a subsidiary of Mr Green & Co AB. GGG is a Maltese company that owns 100% of the operating company Mr Green Ltd operating the successful internet casino MrGreen.com. Purchase price for the additional shares in GGG is 243.6 Million SEK which has been financed by Mr Green & Co AB entirely by long term loans. Mr Green & Co AB’s book value on its investment in GGG will after the transaction amount to 365.6 Million SEK. During Q1 2013, Green Gaming Group (GGG) has continued the positive progress seen during 2012, with a revenue growth of 60% achieving €12.8 million (2012: €8.0m). This growth has been achieved through a combination of improved market share in core countries and expansion into new territories. Earnings Before Interest, Tax, Depreciation & Amortisation (EBITDA) also improved considerable to €2.8 million (2012: Loss of €0.5 m). The Board of Directors at Transferator AB has proposed to its shareholders at the coming AGM on the 2nd of May to demerge the Mr Green & Co AB group by a dividend to the shareholders on the terms 1:2; meaning two existing shares in Transferator AB will receive one share in Mr Green & Co AB. Record date for participating in the dividend will be decided by the Board of Directors after the AGM has been held. The Board of Directors at Mr Green & Co AB has also expressed their intent to apply for listing of the shares in the company if a decision to progress with the dividend is made. "It is very positive that Mr Green & Co AB is now the largest shareholder in Green Gaming Group Plc, and it becomes consolidating subsidiary in the group. GGG is currently experiencing strong business momentum with high revenue growth combined with good profitability”, says CEO Jakob Johansson in a comment to today’s announcement. For further information, please contact Jakob Johansson, CEO in Transferator AB + 46 735 - 060707 or jakob.johansson@transferator.com.

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