Wargraphs S.A.S cash position at the time of the acquisition was higher than expected

M.O.B.A. Network, after acquiring Wargraphs on May 30, 2023, has been able to verify the cash position which has been built up from December 1, 2022, to May 31, 2023. The company took over the company from December 1, 2022, but the company will be consolidated into the results from June 1, 2023. The cash position in Wargraphs amounts to 3.3 MEUR, compared to the previously estimated 2.0-2.5 MEUR communicated via press releases and the investor presentation for the bond. This means that the net debt of M.O.B.A. is lower than expected, which will also positively affect the acquisition analysis.

"We knew that the company is strong in generating cash and it's positive that we have additional liquid assets to develop our business with. The strategy for M.O.B.A. is to grow both organically and through acquisitions and to solidify our position as the leading consolidator within gaming communities", says Björn Mannerqvist, CEO.

This disclosure contains information that M.O.B.A Network AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 01-06-2023 09:15 CET.