Press release
Lesquin, 18 September 2023 18:00hrs



ISSUANCE OF NEW SHARES IN CONNECTION
WITH THE ACQUISITION OF BIG ANT STUDIOS

On January 21, 2021, the Company announced the acquisition of Big Ant Studios, a leading Australian
video game studio in major sports such as rugby, tennis and cricket. As specified in the terms of the
transaction, the acquisition agreement provided for the payment of earnouts based on performance
criteria to the selling partners.

Given the strong performance of Big Ant Studios, some of the performance criteria previously established
have been met. The selling partners of Big Ant Studios have decided to reinvest half of their earn-outs in
the capital of the Company.

Thus, the Board of Directors of the Company has decided today, using the delegation of authority granted
to it by the General Meeting of the Company on July 21, 2023 under the terms of its 15th resolution and
in accordance with the provisions of article L. 411-2 1° of the French Monetary and Financial Code, an
issue without preferential subscription rights of 696,956 new ordinary shares of the Company,
representing 0.80% of the existing share capital of the Company, at a price per share of 1.539 euros
including the issue premium (the "Transaction"). The subscription price for the Transaction does not
involve any discount to the average closing price of Nacon shares over the 20 trading days preceding its
determination.

Following the Transaction, the share capital of the Company will amount to € 87,808,412 divided into
87,808,412 ordinary shares of one (1) euro nominal value each.

The settlement-delivery of the new ordinary shares issued in the context of the Transaction and their
admission to trading on the regulated market of Euronext in Paris are scheduled for October 18, 2023.

The impact of the Transaction on the distribution of the Company's share capital is as follows:

Before implementation After implementation
of the Transaction of the Transaction
Shareholders
% of % of
Shares Shares
capital capital
Bigben Interactive 52 917 211 60,75 % 52 917 211 60,26%
Bpifrance Investissement 1 818 181 2,09 % 1 818 181 2,07 %
CDC Croissance + CNP
2 504 272 2,87 % 2 504 272 2,85 %
Assurances
Public 29 871 792 34,29% 30 568 748 34,82%
Total 87 111 456 * 100,00 % 87 808 412 100,00 %

* including 175,157 new shares, following the capital increase approved by the Board of Directors on 18/09/2023 (definitive
acquisition of free shares).

By way of illustration, the shareholding of a shareholder holding 1.00% of the Company's share capital,
prior to the issue of new shares, amounts to 0.99% after the Transaction.

In accordance with the provisions of article 211-3 of the General Regulations of the Autorité des Marchés
Financiers, the issue of new ordinary shares of the Company in the context of an offer referred to in
paragraph 1° of article L. 411-2 of the French Monetary and Financial Code, has not led to a prospectus
submitted for approval to the Autorité des Marchés Financiers.




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Detailed information about the Company, including its business, results and related risk factors, can be
found in the annual financial report for the year ended March 31, 2023, which, together with other
regulated information and all of the Company's press releases, is available on its website
(https://corporate.nacongaming.com/).

Upcoming events:
Q2 2023/24 sales: 30 October 2023, Press release after close of the Paris stock exchange

***

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities
in any jurisdiction nor shall it be deemed an offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification under local law.

Disclaimer

This press release may not be disseminated, published or distributed, directly or indirectly, in the United
States of America, Australia, Canada or Japan. The distribution of this press release may be subject to
specific regulations in certain countries. Persons in possession of any documents or other information
referred to in this press release should inform themselves about and observe any local restrictions.
Failure to comply with such restrictions may constitute a violation of the securities laws of the relevant
jurisdiction.




ABOUT NACON

2022-23 ANNUAL SALES NACON is a company of the BIGBEN Group founded in 2019 to optimize its know-how through strong
156.4 M€ synergies in the video game market. By bringing together its 16 development studios, the publishing of AA
video games, the design and distribution of premium gaming devices, NACON focuses 30 years of
expertise at the service of players. This new unified business unit strengthens NACON's position in the
HEADCOUNT
market, enables it to innovate by creating new unique competitive advantages.
Over 1 000 employees

Company listed on Euronext Paris, compartment B
ISIN : FR0013482791 ; Reuters : NACON.PA ; Bloomberg : NACON:FP
INTERNATIONAL
23 subsidiaries and a distribution network
PRESS CONTACT
across 100 countries
Cap Value – Gilles Broquelet gbroquelet@capvalue.fr - +33 1 80 81 50 01
https://corporate.nacongaming.com/




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