Embracer Group has issued 80 million new B shares. The raised funds will help the Swedish holding company achieve certain goals as part of its restructuring program.
- According to the official announcement, Embracer Group will receive SEK 2 billion ($183 million) through the direct share issue.
- The subscription price is SEK 24 per B share, and the company noted that the issue has been signficiant demand.
- Following the issue, the company also lowered the net debt target from SEK 10 billion ($913 million) to SEK 8 billion ($730 million) for the fiscal year ending March 31, 2024. The adjusted EBIT guidance remained unchanged at SEK 7-9 billion ($660-840 million).
- While the restructuring program is developing according to plan, the procee…
Read the full article at: https://gameworldobserver.com/2023/07/06/embracer-group-raises-180-million-direct-share-issue