Trophy Games Development A/S raises 2023 guidance for revenue, EBITDA and EBT
Publish date: 17 Oct 2023 18:28Regulatory
Company Announcement No. 8-2023
Copenhagen, 17 October 2023
*Contains Inside Information*
Strong performance from the transport series has led to Trophy Games narrowing the range and raising guidance for both the top and bottom line.
CEO comment
CEO, Søren Gleie, comments on the announcement: "Improved organic traffic during the year, especially on the games in the transport series, has given a boost to revenue and a significant boost to EBITDA, as the improved revenue is driven by organic growth. I'm happy that our efforts initiated last year to improve focus on the bottom line continue to pay off.
In Q4 marketing expenses will be lower, meaning the last quarter of the year will generate slightly less revenue, but a stronger bottom line."
Current financial guidance 2023:
Revenue: DKK 46.0M <-> 55.0M
EBITDA: DKK 4.5M <-> 10.0M
EBT: DKK -0.5M <-> 4.5M
New financial guidance 2023:
Revenue: DKK 51.0M <-> 56.0M
EBITDA: DKK 8.0M <-> 12.0M
EBT: DKK +0.5M <-> 5.0M
Trophy Games Development A/S (publ) (Nasdaq First North Growth Market Denmark: Ticker TGAMES) is obligated to publish the above information in compliance with the EU Market Abuse Regulation act. 17.
Contact Information
TROPHY GAMES Development A/S
Søren Gleie, CEO
Office (+45) 7172 7573
Email: soren@trophy-games.com
Mikkel Bryggers Gade 4, 2. sal, 1460 Copenhagen K, Denmark
Trophy Games har en digital IR-aftale med Proinvesor.com
Publish date: 17 Oct 2023 18:28Regulatory
Company Announcement No. 8-2023
Copenhagen, 17 October 2023
*Contains Inside Information*
Strong performance from the transport series has led to Trophy Games narrowing the range and raising guidance for both the top and bottom line.
CEO comment
CEO, Søren Gleie, comments on the announcement: "Improved organic traffic during the year, especially on the games in the transport series, has given a boost to revenue and a significant boost to EBITDA, as the improved revenue is driven by organic growth. I'm happy that our efforts initiated last year to improve focus on the bottom line continue to pay off.
In Q4 marketing expenses will be lower, meaning the last quarter of the year will generate slightly less revenue, but a stronger bottom line."
Current financial guidance 2023:
Revenue: DKK 46.0M <-> 55.0M
EBITDA: DKK 4.5M <-> 10.0M
EBT: DKK -0.5M <-> 4.5M
New financial guidance 2023:
Revenue: DKK 51.0M <-> 56.0M
EBITDA: DKK 8.0M <-> 12.0M
EBT: DKK +0.5M <-> 5.0M
Trophy Games Development A/S (publ) (Nasdaq First North Growth Market Denmark: Ticker TGAMES) is obligated to publish the above information in compliance with the EU Market Abuse Regulation act. 17.
Contact Information
TROPHY GAMES Development A/S
Søren Gleie, CEO
Office (+45) 7172 7573
Email: soren@trophy-games.com
Mikkel Bryggers Gade 4, 2. sal, 1460 Copenhagen K, Denmark
Trophy Games har en digital IR-aftale med Proinvesor.com
17/10 2023 20:36 ProInvestorNEWS 1
116205 Trophy Games Development A/S launch new share buyback program
Publish date: 17 Oct 2023 18:40Regulatory
Company Announcement No. 9-2023
Copenhagen, 17 October 2023
*Contains Inside Information*
The Board of Directors of Trophy Games Development A/S has decided to exercise the authority to buy back shares granted by the Annual General Meeting on 21 March 2023.
The authority is valid until next year's general meeting. It covers a total nominal value not exceeding 10% of the share capital at the market price applicable at the time of acquisition with a deviation of up to 10%.
Purpose
The company intends to use share buybacks as a supplement to dividends to adjust the company's capital structure and to honor the current employee options program, which can be found in the yearly report 2023, page 20.
Time frame
The share buyback program will run from the 1st of November 2023 until the end of trading on Nasdaq Copenhagen on the day of the general assembly of 2024, both days inclusive. During this period, Trophy Games Development A/S will buy its own shares up to a maximum of DKK 3 million.
Buyback Terms
Trophy Games Development A/S has retained Danske Bank A/S as the lead manager for this share buyback program. Danske Bank A/S will make its own trading decisions independently of and without influence from Trophy Games Development A/S and will execute the buyback within the announced limits.
A company announcement of any transactions under the program will be published every month after commencement and at the end of the program.
Contact Information
TROPHY GAMES Development A/S
Søren Gleie, CEO
Office (+45) 7172 7573
Email: soren@trophy-games.com
Mikkel Bryggers Gade 4, 2. sal, 1460 Copenhagen K, Denmark
Publish date: 17 Oct 2023 18:40Regulatory
Company Announcement No. 9-2023
Copenhagen, 17 October 2023
*Contains Inside Information*
The Board of Directors of Trophy Games Development A/S has decided to exercise the authority to buy back shares granted by the Annual General Meeting on 21 March 2023.
The authority is valid until next year's general meeting. It covers a total nominal value not exceeding 10% of the share capital at the market price applicable at the time of acquisition with a deviation of up to 10%.
Purpose
The company intends to use share buybacks as a supplement to dividends to adjust the company's capital structure and to honor the current employee options program, which can be found in the yearly report 2023, page 20.
Time frame
The share buyback program will run from the 1st of November 2023 until the end of trading on Nasdaq Copenhagen on the day of the general assembly of 2024, both days inclusive. During this period, Trophy Games Development A/S will buy its own shares up to a maximum of DKK 3 million.
Buyback Terms
Trophy Games Development A/S has retained Danske Bank A/S as the lead manager for this share buyback program. Danske Bank A/S will make its own trading decisions independently of and without influence from Trophy Games Development A/S and will execute the buyback within the announced limits.
A company announcement of any transactions under the program will be published every month after commencement and at the end of the program.
Contact Information
TROPHY GAMES Development A/S
Søren Gleie, CEO
Office (+45) 7172 7573
Email: soren@trophy-games.com
Mikkel Bryggers Gade 4, 2. sal, 1460 Copenhagen K, Denmark
17/10 2023 20:37 ProInvestorNEWS 1116207 Trophy Games Development A/S issues warrants to management and employees
Publish date: 17 Oct 2023 18:21Regulatory
Company Announcement No. 7-2023
Copenhagen, 17 October 2023
*Contains Inside Information*
The board of directors of Trophy Games Development A/S (the "Company") has approved a new warrant program and issued warrants to CFO Mariana Chucri and COO Theis Dinesen and employees.
The program aims to maintain the employment of professional and valuable resources in the Company and incentivize them to make a special effort to create value. The board of directors has used the authorization in section 3.4 of the Company's articles of association, granted at the annual general meeting as announced in company announcement no. 3-2023, to issue 372,600 warrants, which, in accordance with the terms of the warrant program, provide the holders with the right to subscribe for up to 372,600 shares in the Company at a nominal value of DKK 0.02 per share corresponding to a total nominal capital increase of up to DKK 7,452.
The warrants are granted as a one-time grant and will vest annually over a three-year period from the grant date. Warrants can be exercised at a strike price of DKK 4.00 per share of nominally DKK 0.02 in ordinary exercise periods four weeks after the Company announces annual and interim financial reports. Moreover, warrants can be exercised in connection with a removal from trading of the Company's shares from Nasdaq First North Growth Market Denmark if the Company is liquidated, dissolved, becomes bankrupt, or if the board of directors discretionarily decides that warrants can be exercised. Warrants not used within 41 months after granting will automatically lapse without further notice and compensation to the holders.
If fully vested and exercised, the issued warrants will increase the Company's share pool by 1.35 % from 27,600,000 shares to 27,972,600 shares and increase the Company's share capital from nominally DKK 552,000 to nominally DKK 559,452.
The full terms and conditions of the warrant program are attached to the Company's articles of association as Appendix 1.
The key assumptions for the calculation are:
• Theoretical market value of a warrant granted: DKK 1.2018 calculated using the Black-Scholes model.
• Share price: DKK 3.49 (Nasdaq First North closing price on Tuesday, the 17th of October 2023).
• Exercise price: DKK 4.00
• Duration: 3 years 5 months
• Volatility: 50.00 %
• Interest rate: 2.93 %
Contact Information
TROPHY GAMES Development A/S
Søren Gleie, CEO
Office (+45) 7172 7573
Email: soren@trophy-games.com
Mikkel Bryggers Gade 4, 2. sal, 1460 Copenhagen K, Denmark
Publish date: 17 Oct 2023 18:21Regulatory
Company Announcement No. 7-2023
Copenhagen, 17 October 2023
*Contains Inside Information*
The board of directors of Trophy Games Development A/S (the "Company") has approved a new warrant program and issued warrants to CFO Mariana Chucri and COO Theis Dinesen and employees.
The program aims to maintain the employment of professional and valuable resources in the Company and incentivize them to make a special effort to create value. The board of directors has used the authorization in section 3.4 of the Company's articles of association, granted at the annual general meeting as announced in company announcement no. 3-2023, to issue 372,600 warrants, which, in accordance with the terms of the warrant program, provide the holders with the right to subscribe for up to 372,600 shares in the Company at a nominal value of DKK 0.02 per share corresponding to a total nominal capital increase of up to DKK 7,452.
The warrants are granted as a one-time grant and will vest annually over a three-year period from the grant date. Warrants can be exercised at a strike price of DKK 4.00 per share of nominally DKK 0.02 in ordinary exercise periods four weeks after the Company announces annual and interim financial reports. Moreover, warrants can be exercised in connection with a removal from trading of the Company's shares from Nasdaq First North Growth Market Denmark if the Company is liquidated, dissolved, becomes bankrupt, or if the board of directors discretionarily decides that warrants can be exercised. Warrants not used within 41 months after granting will automatically lapse without further notice and compensation to the holders.
If fully vested and exercised, the issued warrants will increase the Company's share pool by 1.35 % from 27,600,000 shares to 27,972,600 shares and increase the Company's share capital from nominally DKK 552,000 to nominally DKK 559,452.
The full terms and conditions of the warrant program are attached to the Company's articles of association as Appendix 1.
The key assumptions for the calculation are:
• Theoretical market value of a warrant granted: DKK 1.2018 calculated using the Black-Scholes model.
• Share price: DKK 3.49 (Nasdaq First North closing price on Tuesday, the 17th of October 2023).
• Exercise price: DKK 4.00
• Duration: 3 years 5 months
• Volatility: 50.00 %
• Interest rate: 2.93 %
Contact Information
TROPHY GAMES Development A/S
Søren Gleie, CEO
Office (+45) 7172 7573
Email: soren@trophy-games.com
Mikkel Bryggers Gade 4, 2. sal, 1460 Copenhagen K, Denmark
