Together Gaming Solutions plc (“the Issuer”) has announced the issuance of €20,000,000 5.9% Unsecured Bonds redeemable between 2024-2026 with a nominal value of €100 per Bond which shall be issued at par.
If you wish to apply for these bonds kindly follow the guidance at the bottom of this news item or contact us on +25 688 688 or [email protected] or via live chat on ww.cc.com.mt for more information.
Together Gaming Plc is the owner of the internationally renowned Bethard iGaming Platform and holder of a B2B Licence. The company has evolved to offer its Platform to interested iGaming Operators that do not have their own software platform on which to host their iGaming Services. This is known as “white labelling”
The “white label” operators re-brand the already established and licensed iGaming Services provided by the Bethard iGaming Business on their own websites under their own unique brands and provide their services to players internationally.
Together Gaming plc offer a full-service ‘white label’ solution for launching and operating online casino and sportsbook websites, with the Issuer and the Bethard iGaming Business managing all regulatory, administrative, operational and technical aspects in relation to the iGaming Platform and the iGaming Services, respectively.
They also offer a comprehensive list of ancillary and support services in relation to the supply of the iGaming Platform, including responsive customer care via chat and email, efficient payment services to the White Label Operators’ clients, a well-developed client relationship management system (built on solid client segmentation) and external marketing.
The issuer was incorporated on the 14th of September, 2015 with the original intention to manage the Group’s B2B operations by acting as the Group’s B2B service provider as well as to establish the Issuer as the owner and licensor of the iGaming Platform and the Bethard Brand.
On the 29th April 2019, the Issuer obtained a B2B Licence issued by the Malta Gaming Authority. This licence allows the issuer to provide gaming supply services to iGaming Operators, including supply and management of software (and/or the control system itself on which such software resides) such as the iGaming Platform. The company subsequently acquired the iGaming Assets from Bethard for a purchase price of €42.3 million. Following the acquisition, the issuer began supplying the iGaming Platform to white label Operators directly under its B2B Licence.
TERMS OF PROPOSED BONDS & USE OF PROCEEDS:
Bond Amount: €20 million - unsecured and not underwritten
Issue Value: €100 (par)
Term: 7 years callable on the fifth and sixth anniversary of the issue
Interest Payment Date: 22nd July of each year (first interest payment due in 2020).
The proceeds of the proposed bond issue, net of the estimated bond issue costs, will be used to settle amounts due in connection with the acquisition of the Bethard Brand and the iGaming Platform from Bethard Group Limited – €19.5M.
HOW TO REGISTER TO BUY BONDS?
Orders will be accepted from the 27th of June 2019.
All orders must be submitted by not later than the 19th of July (Closing date). The offer may close at an earlier date without prior notice in case of over-subscription.
Applications must be for a minimum value of €2,000 and in multiples of €100.
A copy of the Prospectus is available HERE
Orders may be placed directly through the CC Trader platform, by reaching out to your Financial Advisor or by contacting us on +356 25 688 688, via email on [email protected], or via live chat on www.cc.com.mt.
Calamatta Cuschieri Investment Services Ltd is acting as Sponsor, Manager & Registrar for this bond issue.