(CercleFinance.com) – The video game group PulluP Entertainment managed to raise nearly 23.1 million euros during a capital increase which saw new shareholders enter its capital.
The capital increase was oversubscribed with a total request of more than 23.4 million euros, representing approximately 134% of the amount of the offer, PulluP specifies in a press release.
The subscription price for the new shares to be issued was set at 11.30 euros per share, representing a discount of more than 3% compared to the day before the announcement of the offer.
During the operation, Geoffroy Sardin, the group’s deputy general manager, became a shareholder.
The net amount of the offer is intended for 50%, or 11.26 million euros, for the reduction of net debt and 50%, or 11.26 million euros, for opportunities of development.
With the establishment of a new organization, PulluP expects sustained growth in its turnover and profitability over the 2024/2025 financial year, thanks to both the strength of its back-catalogue (existing titles) and its new games, including the highly anticipated ‘Warhammer 40,000: Space Marine 2’.
Listed on the Paris Stock Exchange, the stock fell 0.4% following these announcements.
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