FOCUS HOME INTERACTIVE (EPA:ALFOC) Focus Home Interactive announces the launch of a private placement.

Transparency directive : regulatory news

05/12/2017 17:40

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Press release
Paris, 5 December 2017

                            FOCUS HOME INTERACTIVE

      Focus Home Interactive announces the launch of a private placement

FOCUS HOME INTERACTIVE (FR0012419307 ALFOC) (the "Company"), today announced
the launch of a capital increase via the issue of new ordinary shares, without
preferential subscription rights, to qualified investors in accordance with the
11th resolution approved by the Combined Ordinary and Extraordinary
Shareholders' Meeting held on 29 June 2017. The estimated amount of the
transaction is approximately EUR11 million, or approximately 8.4% of the
Company's share capital. This indicative amount may be increased to
approximately EUR12.5 million, or approximately 9.7% of the share capital, in
the event the Extension Clause is exercised in full. The new shares will be
subject to a request for admission to trading on the Euronext Growth market via
Euronext Paris.

The funds will be raised in accordance with Article L. 411-2 II of the Monetary
and Financial Code (the "Private Placement") from qualified domestic and
international investors, notably excluding the United States, Canada, Australia
and Japan. These funds will allow the Company to strengthen the visibility of
its catalogue by developing new partnerships with leading European and
international studios in order to work on even more ambitious projects. New
high-potential games in development and scheduled for release as early as 2019
will also benefit from the funds raised, thereby enhancing the brand
recognition and appeal of the Company.

The placement will be performed via an accelerated book building, after which
the number and price of the new shares to be issued will be determined. The
accelerated book building will begin immediately and should be completed before
market opening on 6 December 2017, subject to any anticipated closing or
prorogation. The Company shall announce the result of the transaction in a
press release as soon as possible after the closing of the order book.

According to the terms of the 11th resolution of the Combined Ordinary and
Extraordinary Shareholders' Meeting held on 29 June 2017, the issue price of
the new shares will be at least equal to the weighted average price of the
Company's share on the Euronext Growth market in Paris in the last five trading
sessions prior to setting the issue price. This price may be reduced by a
maximum discount of 10%. The maximum number of new shares to be issued in the
context of this transaction will be 400,000, or approximately 8.4% of the
Company's share capital. This figure may be increased to 460,000, or
approximately 9.7% of the share capital, in the event the Extension Clause is
exercised in full. It may not surpass the 20% limit set forth in Article L.
225- 136 of the French Commercial Code.

Cédric Lagarrigue, Chairman of the FOCUS HOME INTERACTIVE Management Board,
said: "The funds raised through this issue should allow FOCUS to plan a new
phase in its development and to strengthen its strategy for supporting leading
studios."

The new shares will bear current dividend rights and will be admitted for
trading on the Euronext Growth market in Paris, under ISIN code FR0012419307 -
ALFOC.

Midcap Partners will act as Lead Arranger and Bookrunner for this transaction.

In accordance with the provisions of Article 211-3 of the General Regulation of
the Autorité des Marchés Financiers (French Financial Market Authority), the
Company's offer of shares in the context of this private placement does not
give rise to an obligation to issue a prospectus approved by the Autorité des
Marchés Financiers. Detailed information about the Company, particularly as
regards to its business, results and related risk factors, is described in the
annual financial report for the fiscal year ended 31 December 2016. This
document is available, together with other regulated information and all of the
Company's press releases, on its website (www.focus-home.com).

About Focus Home Interactive

FOCUS HOME INTERACTIVE is France's third-largest publisher of video games. Its
mission is to support development studios in overseeing the production,
marketing, sales and financing of their projects. The publisher of successful
original titles such as Blood Bowl, Tour de France, Wargame and Farming
Simulator, the Group generated revenue of EUR75.6 million in 2016, an increase
of 9.3%. FOCUS HOME INTERACTIVE generates more than 85% of its sales
internationally.

All financial information pertaining to FOCUS HOME INTERACTIVE can be found on
                              www.focus-home.com

Financial communications contacts

FOCUS HOME INTERACTIVE
Deborah Bellangé
Tel: + 33 (0) 1 55 26 85 00
email: dirgen@focus-home.com

Investor Relations - Actifin
Benjamin Lehari
Tel.: + 33 (0) 1 56 88 11 25
email: blehari@actifin.fr

Press Relations - Actifin
Jennifer Jullia
email: jjullia@actifin.fr

Disclaimer

Securities may only be offered for sale or sold in the United States following
registration under the terms of the U.S. Securities Act de 1933, as amended
("US Securities Act"), or within the framework of an exemption from
registration. The Company's securities covered by this press release have not
been and will not be registered under the U.S. Securities Act, and the Company
does not intend to issue a public offering of the securities which are the
subject of this press release in the United States.

This press release is for information purposes only. This press release does
not constitute and may not be considered as a public offer, a subscription
offer or a solicitation of public interest for a public offering of financial
securities.
In accordance with Article 211-3 of the General Regulation of the Autorité des
Marchés Financiers, it is recalled that:

- the offer does not require a prospectus to be submitted for approval to the
  Autorité des Marchés Financiers;
- persons or entities referred to in Point 2°, Section II of Article L.
  411-2 of the French Monetary and Financial Code may take part in the offer
  solely for their own account, as provided for in Articles D. 411-1, D. 411-2,
  D. 734-1, D. 744-1, D. 754-1 and D. 764-1 of the French Monetary and
  Financial Code;
- the financial instruments thus acquired cannot be distributed directly or
  indirectly to the public otherwise than in accordance with Articles L. 411-1,
  L. 411-2, L. 412-1 and L. 621- 8 to L. 621-8-3 of the French Monetary and
  Financial Code.

The communication of this press release in certain countries may constitute a
violation of local laws and regulations. The information contained in this
press release does not constitute an offer of securities in France, the United
States, Canada, Australia, Japan, or in any other country. This document may
not be published, transmitted or distributed either directly or indirectly in
the United States, Canada, Australia or Japan. This document does not
constitute an offer to sell shares of FOCUS HOME INTERACTIVE in the United
States.

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