April 10, 2018 / 12:54 PM / 12 days ago

BRIEF-Ten Square Games Offers 2 Mln Shares In IPO, Sets Max. Price at 48 Zloty/Shr

April 10 (Reuters) - TEN SQUARE GAMES SA (IPO-TENG.WA):

* SAYS THAT COMPANY’S SHAREHOLDERS PLAN TO OFFER UP TO 2,043,750 SHARES, REPRESENTING 28.1% OF COMPANY’S SHARE CAPITAL, AT MAXIMUM PRICE OF 48.0 ZLOTYS PER SHARE

* BOOKBUILDING PROCESS AMONG INSTITUTIONAL INVESTORS WILL TAKE PLACE FROM APRIL 10 TILL APRIL 19

* INDIVIDUAL INVESTORS’ SUBSCRIPTIONS WILL BE ACCEPTED FROM APRIL 12 TO APRIL 18

* 10-20% OF ALL SHARES WILL BE OFFERED TO INDIVIDUAL INVESTORS

* FINAL NUMBER OF SHARES OFFERED AND ITS PRICE WILL BE SET ON APRIL 20, SHARES ALLOTMENT WILL TAKE PLACE ON APRIL 25

* TEN SQUARE GAMES WANTS TO INTRODUCE ITS SHARES TO TRADING ON MAIN MARKET OF WARSAW STOCK EXCHANGE (WSE), ESTIMATES FIRST TRADING DAY AT MAY 8

    * ESTIMATES THAT IN MARCH ITS GAME “FISHING CLASH” GENERATED REVENUE OF 3.8 MILLION ZLOTYS

    * SEES FY 2018 EBITDA AT 26 MILLION ZLOTYS AND FY 2019 EBITDA AT 31.5 MILLION ZLOTYS

    * COMPANY ANNOUNCED ITS IPO PLANS ON DECEMBER, 2017

    * POLISH FINANCIAL SUPERVISION AUTHORITY (KNF) APPROVED COMPANY’S IPO PROSPECTUS

    * INTERMEDIARY IN OFFER IS HAITONG BANK SA Source text: bit.ly/2qkWPpM

    Further company coverage: (Gdynia Newsroom)

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