Feeds

Electronics Boutique taps market for Euro growth

Shareholder placing

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Electronics Boutique, the UK's biggest games retailer is issuing 17.2 million news shares to fund expansion in continental Europe.

The price for the new issue has not yet been announced - presumably, broker Hoare Govett is sounding out institutional shareholder opinion. No doubt there will be a hefty discount to the company's share price immediately before today's announcement.

EB has moved into Spain and Sweden in recent weeks (picking up pieces after the implosion of Gameplay, a rival retailer).

It reckons that new console formats will stimulate rapid growth in the European games market. And it says that like-for-like sales were up 19 per cent in the 21 weeks to 24 June 2001.

Last month, Rage Software, a UK games publisher, secured a £20m facility, a mixture of debt and equity, also to fund the expected growth surge. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.