12 December 2022
Gaming Realms Plc
("Gaming Realms", the "Company" or the "Group")
Repayment of Loan
The Company announces that it has paid, in cash, £3.4m (which includes the remaining outstanding principal balance of £3,000,000 plus related charges and interest) to JPJ Group Holdings Limited (a wholly owned subsidiary of Bally's Corporation) ("JPJ") in respect of the 3,500,000 secured convertible loan notes dated 14 December 2017, which has now been repaid in full.
The Company's financial position post repayment remains strong, with the Company being highly cash generative and the net cash position as at 31 December 2022 expected to be approximately 3m.
Enquiries:
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Gaming Realms plc Michael Buckley, Executive Chairman Mark Segal, CFO |
0845 123 3773 |
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Peel Hunt LLP - NOMAD and broker George Sellar Andrew Clark Lalit Bose |
020 7418 8900 |
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Yellow Jersey Charles Goodwin Annabelle Wills |
07747 788 221 |
This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).
About Gaming Realms
Gaming Realms creates and licenses innovative games for mobile, with operations in the UK, U.S. and Canada. Through its unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies.