Westport Fuel Systems: Advanced, Clean Fuel Systems that Deliver Economic,
This announcement is an advertisement for the purposes of the Prospectus Regulation Rules of the Financial Conduct Authority (“FCA“) and not a prospectus and not an offer to sell, or a solicitation of an offer to subscribe for or to acquire securities. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not purchase or subscribe for any transferable securities referred to in this announcement except on the basis of information contained in the prospectus (the “Prospectus“) in its final form expected to be published by Leaf Mobile Inc. in due course in connection with the proposed admission of its ordinary shares to the standard listing segment of the Official List maintained by the FCA and to trading on the London Stock Exchange plc’s Main Market for listed securities. Copies of the Prospectus will, following publication, be available for inspection from https://leafmobile.io/
Intention to Float on the Main Market of the London Stock Exchange
(“LEAF Mobile” or “the Company”)
Leaf Mobile Inc. (TSX:LEAF)(OTCQB:LEMLF), a leading Canadian free-to-play mobile game group, is pleased to announce its intention to join the Main Market of the London Stock Exchange (“LSE”) this winter.
The Company, which started trading its common shares on the Toronto Stock Exchange (“TSX“) on February 10th, 2021, will assume a dual-listed structure. The Company’s common shares will continue to be listed and trade on the TSX in Canada under the symbol “LEAF”, as well as trade on the OTC Markets Group’s OTCQB Marketplace in the United States under the symbol “LEMLF”.
The Company intends to raise gross proceeds of approximately CAD$10 million and the flotation is expected to value LEAF Mobile at approximately £130m.
This secondary London listing is part of LEAF’s growth strategy and brings Canada’s largest free-to-play mobile game group to the LSE. The net proceeds of the capital raising will be used to further scale the business.
LEAF is operating within a fast-growing sector with a rapidly increasing total addressable market. Mobile Games are the world’s most popular form of gaming. Mobile games are expected to reach 2.6 billion players and generate revenues of USD$90 billion in 2021, representing more than half of the global games market in terms of revenue, according to Newzoo data. Games are also the most dominant category within the mobile applications ecosystem with gaming accounting for more revenue on iOS than every other category combined. Games accounted for 66% of all App Store revenue in 2020, according to Sensor Tower data which also found that approximately USD$47.6 billion was spent on iOS games in 2020, up 25% from 2019.
Darcy Taylor, Founder and CEO of LEAF Mobile, said: “The mobile games market will gain increasing popularity in the next ten years, with free-to-play games acting as the industry’s…
Read More: Westport Fuel Systems: Advanced, Clean Fuel Systems that Deliver Economic,