Sale by Nabuboto and Innelec Multimedia of All Their Focus Home Interactive Shares to Neology Holding
08 Luglio 2020 - 8:11PM
Business Wire
Regulatory News:
FOCUS HOME INTERACTIVE (Paris:ALFOC) (FR0012419307
ALFOC), a publisher of video games, acknowledged the announcement
today by FLCP & Associés through its subsidiary Neology
Holding, Société Civile Nabuboto ("Nabuboto") and Innelec
Multimedia, of the signing of an agreement for the sale by Nabuboto
and Innelec Multimedia of all the 1,883,218 Focus Home Interactive
shares they hold, i.e. 35.48% of the share capital, to Neology
Holding.
This sale would be made on the basis of a price of 40 euros per
Focus Home Interactive share, representing a total amount for the
aforementioned block of shares of approximately 75.3 million euros
and a total value of approximately 212.3 million euros for all the
shares making up the Company's share capital.
Under the terms of the agreement, Nabuboto would reinvest 11.3
million euros in Neology Holding.
Upon completion, which is expected at the end of July, it is
planned that Neology Holding will suggest three new members to be
appointed to the Supervisory Board of Focus Home Interactive to
replace existing members. In addition, Fabrice Larue will become
Chairman of the Supervisory Board. Thus, upon completion, four
members will remain on the Supervisory Board, three of them
appointed according to Neology Holding's suggestion and Denis
Thébaud.
Jürgen Goeldner, Chairman of the Management Board,
declared: “Focus Home Interactive thanks Mr Denis Thébaud,
Nabuboto and Innelec Multimedia for their support in the deployment
of the Group’s strategy for many years. We are delighted to welcome
FLCP & Associés via Neology Holding to our capital, given its
leading experience in the media sector.”
Fabrice Larue, President of FLCP & Associés, added:
“Our company is pleased to support Focus Home Interactive’s
development strategy. We support the strategy initiated by the
Management Board which aims to develop the AA game publishing
activity, share content ownership with partner studios and unite
quality independent studios as demonstrated by the recent
acquisition of Deck13.”
Currently, Neology Holding does not intend to file a voluntary
tender offer for the remaining shares of Focus Home Interactive
admitted to trading on the Euronext Growth Paris market.
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Date
2020-21 – 1st Quarter Sales
Thursday 23 July 2020
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Tuesday 22 September 2020
About FLCP & Associés
FLCP & Associés is an entrepreneurial investment
company chaired by Mr Fabrice Larue. Its aim is to invest and
accompany firms in the medium to long term and deploy ambitious
plans. FLCP & Associés is controlled by FLCP, a company created
by Mr Fabrice Larue, Mr Tanguy de Franclieu, Mr Christophe Nobileau
and Mrs Tiphanie Lamy. The partners of FLCP have specialist
expertise in the field of media, content and brands. They have been
managers and shareholders of Newen Studios, one of the leaders in
audio-visual production and digital content, sold to the TF1 Group
in 2018.
About Focus Home Interactive
FOCUS HOME INTERACTIVE is a leading French publisher of
video games. Its vocation is to support leading international
studios in the development, production monitoring, marketing, sales
and financing of their projects. As a publisher of strong brands
such as The Surge, Vampyr, Mudrunner, and A Plague Tale: Innocence,
the Group generated revenues of €143 million in 2019/20, up 13%
compared to the previous comparable period. FOCUS HOME INTERACTIVE
generates more than 90% of its sales internationally. For
additional information, visit www.focus-home.com.
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Investor Relations – FTI Consulting Cosme Julien-Madoni
Arnaud de Cheffontaines + 33 (0) 1 47 03 68 10
fhi@fticonsulting.com
FLCP & Associés Sandra Tricot – KBZ Corporate +33 (0)
6 65 85 85 65 stricot@kbzcorporate.com
Press Relations – FTI Consulting Emily Oliver Rémi
Salvador + 33 (0) 1 47 03 68 10 fhi@fticonsulting.com
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