Bifogade filer
M.O.B.A. Network announces a buyback of the company's own corporate bonds to strengthen its financial position
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Informationsteknik |
| Industri | Kommunikation |
M.O.B.A. Network AB, a global leader in operating gaming communities and products, is pleased to announce the repurchase of parts of an issued bond, demonstrating the company's commitment to enhancing its financial strength.
M.O.B.A. Network has repurchased EUR 1 million of its own corporate bonds listed on Nasdaq Stockholm. These repurchases pertain to the company's bond loans (2023/2026) with an outstanding nominal amount of EUR 25 million (ISIN SE0020050540). The repurchase was made at 92.45% of the bonds' nominal value, for a total amount of EUR 924,500. M.O.B.A. Network now owns EUR 2.9 million (11.6%) of the bonds' outstanding nominal amount.
“By buying back bonds, below nominal value, we decrease our interest payments and net debt. This strategic move highlights our positive financial trajectory and underscores our ability to make such proactive financial decisions. We will keep reviewing our balance sheet and actively managing our capital structure to boost shareholder value," stated Anders Ribbing, CEO of M.O.B.A. Network.
For more information about the bond and M.O.B.A. Network, please visit the corporate website, www.wearemoba.com.