Stride Gaming – £27m Placing

Shore Capital is delighted to have acted as Joint Bookrunner for Stride Gaming plc the multi-branded online gaming operator in relation to a £27 million placing (the “Placing”).

The Placing, alongside the issue of consideration shares and existing cash resources will finance the proposed acquisition of certain assets of Tarco Limited (“Tarco Assets”), the entire issued share capital of Netboost Media Limited, a marketing business which services the Tarco Assets, and the entire issued share capital of 8Ball Games Limited for an aggregate consideration of up to £70 million.