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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile

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Game Digital Plc announces pricing of initial public offering

Friday, 6 Jun 2014 02:00am EDT 

Game Digital Plc:Says pricing of its initial public offering.Offer price has been set at 2.00 pounds per ordinary share.Based on offer price, total market capitalisation of Game at commencement of conditional dealings will be 340 mln pounds.Offer of 60,409,046 ordinary shares represents 35.5 pct. of the enlarged issued share capital of the company following completion of the offer.Offer is expected to raise gross proceeds of about 121 mln for the company and selling shareholders.Says the company expects to receive gross proceeds of 20 mln pounds from issue of new shares in offer.