Capital increase
With preferential subscription rights
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Transaction details
VOGO codes and offer price:
- Name: VOGO
- Listing market: Euronext Growth Paris
- Ticker: ALVGO
- ISIN: FR0011532225
- PEA-PME eligibility and 150-0 B TER* scheme
- PSR ISIN codes: FR001400PFL3, listed and tradable from 16 April to 29 April
For each share held on 15 April 2024, you will receive a preferential subscription right (PSR) exercisable from 18 April to 2 May inclusive.
The exercise of 4 PSRs allows the subscription of 1 new VOGO shares at a unit price of 4.04 euros, representing a nominal discount of 15% on the volume-weighted average of the last 3 trading days prior to the launch date of the transaction.
*This mechanism is conditional and subject to the limit of available caps. Interested parties should contact their financial advisor.
At the opening date of the Offering, the Company has by irreductible subscription commitments of €2.35 million from ABEO, the Chairman and CEO of VOGO, VOGO managers as well as new investors, including renowned athletes such as Aurélien Tchouaméni (French international football player, Real Madrid), Achraf Hakimi (Moroccan international football player, PSG), Raphaël Varane (French international football player, Manchester United), François Trinh-Duc (French international rugby union player) and Alain Bernard (Olympic swimming champion) directly or via their family offices and a free guarantee commitment from ABEO of €1.41 million.
A word from the Chairman and CEO
“The world of sport, wether amateur or professional, is currently undergoing a profound transformation which will accelerate over the next few years with the massive influx of new technologies in the fields of refereeing, health, performance improvement and fan experience. We have been pioneers in all these areas, with the deployment of disruptive innovations and the trust of leading clubs and federations active around the world. A new turning point was reached in 2023 with the adoption of a new business model (TaaS) based on long-term rental contracts, offering us more recurring revenues and solid prospects for margin appreciation. In terms of sales, the past few months have also been marked by significant successes, in particular the obtaining of FIFA certifications in video refereeing solutions, which will accelerate our sales momentum across all disciplines. A new development cycle is therefore opening up for our Group, which is now at the forefront of global Sportech.”
“The market to be conquered is considerable: by 2029, it is expected to reach nearly $42 billion, i.e. almost double that of 2022. And we intend to take full advantage of the opportunities offered by this dynamic, driven by growing demand from all actors in the world of sports.
In order to support our change in business model, widen the innovation gap and strengthen our international positions, we are launching a capital increase which I hope will attract your full support.
Open to all, this capital increase with preferential subscription rights is already supported by actors in the world of sports and leading investors, with more than €2.35 million in subscription commitments.
In particular, I would like to congratulate ABEO, our long-term strategic partner and key shareholder, as well as all our investors, for their commitment to this transaction.
I hope that many of you, both historical shareholders and new investors, will take part in this transaction.
Thanks to your confidence, we are ready in this Olympic year to surpass ourselves and embark on a sustainable performance trajectory in terms of growth and profitability.”
About VOGO
In the Sports sector, VOGO is a leading international player, with its audio and video solutions for fans and professionals alike. For professionals, VOGO offers analysis and decision-making tools (referee assistance, medical diagnostics, coaching). VOGO’s disruptive solution for fans transforms the stadium experience by providing multi-camera content on demand for tablets and smartphones, no matter how many people are connected. VOGO also operates in the Industry sector. All of the Group’s technologies are patent-protected. VOGO is based in France (Montpellier, Grenoble and Paris) and has two subsidiaries, one in North America and the other in the United Kingdom.
VOGO operates indirectly in other countries through its network composed of around thirty distributors. VOGO has been listed on the Euronext Growth Paris stock market since November 2018 (ISIN code: FR0011532225 – ALVGO).
More information on www.vogo-group.com
Why participate in the VOGO capital increase?
The first Sportech listed on Euronext Growth Paris at the heart of the major global sporting challenges
The first Sportech listed on Euronext Growth Paris at the heart of the major global sporting challenges: assistance with refereeing, health, improved enhancement and fan experience.
The only French company with FIFA certifications in video assistance refereeing (VAR)
The only French company with FIFA certifications in video assistance refereeing (VAR) that will drive commercial acceleration among federations, leagues and football competition organisers around the world.
A new rental business model
A new rental business model (TaaS: Technology as a Service) backed by multi-year contracts offering more recurrence and new levers for margin growth.
Proven capacity for innovation, particularly in the detection of concussions
Proven capacity for innovation, particularly in the detection of concussions – a major challenge in the world of sport.
Solid visibility for 2024
Solid visibility for 2024: strong growth expected in turnover and profits.
A capital increase already secured
A capital increase already secured thanks to ABEO’s renewed confidence and the commitment of leading investors and athletes.
In video
In the press (in French)
08/04/2024
18/01/2024
20/12/2023
07/09/2023
07/09/2023
09/03/2023
Schedule of the transaction
15 April 2024
Accounting day at the end of which holders of existing shares registered in their securities accounts will be granted preferential subscription rights.
16 April 2024
Detachment and start of PSR trading.
18 April 2024
Opening of the subscription period and beginning of the PSR exercise period.
29 April 2024
End of PSR negotiation period.
2 May 2024
End of the subscription period, lapse and loss of value of unexercised preferential subscription rights.
7 May 2024
Publication after market close of the press release announcing the results of the transaction.
13 May 2024
Settlement-delivery of securities and admission of new shares on Euronext Growth Paris.
Documentation
Success of the capital increase with preferential subscription rights: €4.25m raised
VOGO announces the launch of a capital increase of €5 million
with preferential subscription rights to accelerate its commercial momentum and support the transformation of its business model
2023: Results reflecting the transformation of the business model
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