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Notice of Edison Partners Transaction and Extraordinary General Meeting of Group Plc

September 5th, 2019 Group Plc, a public limited company registered in Malta with company number C75778 (the “Group”, the “Company” or “ Group”), has today entered into an agreement with Edison Partners IX, LP (“Edison”) regarding a USD 15.5 million investment into the equity of the Group through an issuance of new ordinary shares and an acquisition of existing ordinary shares in the Group. Edison is an American growth equity fund which manages over USD 1.4 billion in assets.

USD 6.975 million (approx. EUR 6.318 million) of the USD 15.5 million (approx. EUR 14.04 million) transaction will be satisfied by the issuance of 2,291,543 new ordinary shares in the Group. The remainder will be satisfied through a sale of existing ordinary shares in the Group by an existing shareholder. The Group intends to use the proceeds from the transaction for general corporate purposes with a view to accelerating certain investments in the United States market.

The transaction also includes a warrant agreement whereby Edison can elect to invest an additional USD 3.0 million (approx. EUR 2.717 million) into the Group under the same terms between 7 and 12 months post-closing. Existing shareholders will have the right to participate pro-rata in the warrant issuance but Edison has the right to subscribe for any un-used portion. Group also receives a put option to force the exercise of the warrants under certain circumstances.

The transaction is subject to certain closing conditions, including amendments to the Memorandum of Association of Group as well as the appointment of an Edison representative to the Board of Directors of the Group. The transaction is expected to close prior to 15 October 2019. Upon completion of the transaction, Edison Partners will own approximately 18.66 percent of the ordinary shares in Group.

This information is information that Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 14:00 CEST on 5 September 2019.

Further discussion of the transaction is available on the Group’s corporate website, here:

The notice of the Extraordinary General Meeting of the Company is linked to below.

Notice of Extraordinary General Meeting on 27 September 2019 (690 KB)


For further information, please contact:

Derek Brookmeyer, Director of Communications
Phone: +1 616-528-0882
Email: [email protected]
Or see:

About Group Plc Group Plc is a multi-award winning provider of digital marketing services for the global iGaming industry. Founded in 2006, the group has a workforce of more than 110 and operates from offices in Dublin, Charlotte, Tampa and Malta. The group publishes websites that offer comparisons and reviews of online gambling websites across 15 national markets in nine languages. Players use these resources to select which online gambling operators they should trust to offer a safe and honest online gambling experience. The Group’s publishing assets include the leading iGaming industry portal,® as well as and the CasinoSource℠ series of portals, among many others.

About Edison Partners

For more than 30 years, Edison Partners has been helping CEOs and their executive teams grow and scale successful companies. The firm's investment team brings extensive investing and operating experience to each investment. Through a unique combination of growth capital and the Edison Edge platform, consisting of operating centers of excellence, the Edison Director Network, and executive education programs, Edison employs a truly integrated approach to accelerating growth and creating value for businesses. A team of experts in financial technology, healthcare IT and enterprise solution sectors, Edison targets high-growth companies with USD $5 million to $25 million in revenue; investments also include buyouts, recapitalizations, spinouts and secondary stock purchases. Edison's active portfolio has created aggregated market value exceeding USD $10 billion. Edison Partners is based in Princeton, N.J. and manages more than USD $1.4 billion in assets throughout the eastern United States.