Proceeds from the Subsequent Bond Issue will be used to fully redeem the
Company's outstanding 2020/2024 senior secured bond with ISIN SE0015194527 (the
"2020 Bonds") and for general corporate purpose

EQS-News: Verve Group SE / Key word(s): Bond
Proceeds from the Subsequent Bond Issue will be used to fully redeem the
Company's outstanding 2020/2024 senior secured bond with ISIN SE0015194527
(the "2020 Bonds") and for general corporate purpose

02.07.2024 / 17:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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July 02, 2024 (17:00 CEST) - Verve Group SE ("Verve" or the "Company", ISIN:
SE0018538068; ticker: VER) a fast-growing, profitable digital media company
that provides AI-driven advertising-software solutions, has following a
bookbuilding process, successfully placed a subsequent bond issue (the
"Subsequent
Bond Issue" or the "Subsequent Bonds") in an amount of EUR 65 million under
the Company's existing senior secured floating rate bond framework with ISIN
SE0018042277 (the "Bonds"). Following the Subsequent Bond Issue, the
outstanding amount under the Bonds will be EUR 240 million. The transaction
was met with strong demand from primarily institutional investors based in
the Nordics, Europe and the U.S., and was placed at a price of 102.50% of
par resulting in a yield of 3m Euribor + 4.88%. This is significantly down
from the latest bond issue in 2023 with a yield of 3m Euribor + 7.25% and
results in a reduction in financing costs of 2.37% compared to the last bond
issue.

Given the significant increase in size and profitability following the Jun
Group acquisition as well as immediately improved credit ratios following
the equity issuance the Company expects to save at least EUR 10 million in
annual interest costs once the outstanding debt is refinanced at better
terms.

Proceeds from the Subsequent Bond Issue will be used to fully redeem the
Company's outstanding 2020/2024 senior secured bond with ISIN SE0015194527
(the "2020 Bonds") and for general corporate purposes of the Company. The
2020/2024 Bonds will be redeemed at the redemption price of 100.719 per
cent. of the outstanding nominal amount (i.e., EUR 100,719 per 2020/2024
Bond) together with any accrued and unpaid interest. The redemption date of
the 2020/2024 Bonds will be 29 July 2024 and the record date will be 22 July
2024, conditional upon the Subsequent Bonds having been issued by the record
date for the redemption. The Company will issue a press release if the
condition is not fulfilled. A notice of early redemption will be sent to
directly registered owners of the 2020/2024 Bonds in the debt register as of
2 July 2024.

Paul Echt, CFO of Verve: "The successful placement of the bonds at a price
of 102.50% of par following the strong demand from institutional investors
reflects the outstanding financial performance of Verve in addition to the
signifianct increase in size and profitability with an improved balance
sheet following the acquisition of Jun Group. We think that the reduction of
the interest costs of 2.37% is just the beginning of a new trend and expect
at least EUR 10 million in annual interest cost savings once the outstanding
debt is refinanced at better terms."

Settlement of the Subsequent Bonds is expected to be on or about 15 July
2024. The Company intends to apply for admission to trading of the Bonds on
the Open Market of the Frankfurt Stock Exchange and the corporate bond list
of Nasdaq Stockholm.

Pareto Securities AB acted as sole bookrunner and Gernandt & Danielsson
Advokatbyrå acted as legal advisor in connection with the Subsequent Bond
Issue.

Responsible parties

This information is such information Verve Group SE is obliged to make
public in accordance with the (EU) Market Abuse Regulation 596/2014. The
information in this release has been made public through the agency of the
responsible persons set out below for publication at the time stated by
Verve's news distributor EQS Newswire at the publication of this release.
The responsible persons below may be contacted for further information.

For further information, please contact:

Sören Barz
Head of Investor Relations
+49 170 376 9571
soeren.barz@verve.com
www.investors.verve.com

About Verve

Verve ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER / M8G) is a
fast-growing, profitable digital media company that provides AI-driven
ad-software solutions. Verve matches global advertiser demand with publisher
ad-supply, enhancing results through first-party data from its own content.
Aligned with our mission, "Let's make media better," the company focuses on
enabling better outcomes for brands, agencies, and publishers with
responsible advertising solutions, with an emphasis on emerging media
channels. Verve's main operational presence is in North America and Europe,
and it is registered as a Societas Europaea in Sweden (registration number
517100-0143). Its shares are listed on the Nasdaq First North Premier Growth
Market in Stockholm and the Scale segment of the Frankfurt Stock Exchange.
The company has three secured bonds listed on Nasdaq Stockholm and the
Frankfurt Stock Exchange Open Market. Verve's certified advisor on the
Nasdaq First North Premier Growth Market is FNCA Sweden AB; contact info:
info@fnca.se.

Forward-looking statements

This release contains forward-looking statements that reflect the Company's
intentions, beliefs, or current expectations about and targets for the
Company's and the group's future results of operations, financial condition,
liquidity, performance, prospects, anticipated growth, strategies and
opportunities and the markets in which the Company and the group operates.
Forward-looking statements are statements that are not historical facts and
may be identified by words such as "believe", "expect", "anticipate",
"intend", "may", "plan", "estimate", "will", "should", "could", "aim" or
"might", or, in each case, their negative, or similar expressions. The
forward-looking statements in this release, including the pro-forma
financial figures addressed therein, are based upon various assumptions,
many of which are based, in turn, upon further assumptions. Although the
Company believes that the expectations reflected in these forward-looking
statements and pro-forma financial numbers are reasonable it can give no
assurances that they will materialize or prove to be correct. Because these
statements are based on assumptions or estimates and are subject to risks
and uncertainties, the actual results or outcome could differ materially
from those set out in the forward-looking statements as a result of many
factors. Such risks, uncertainties, contingencies and other important
factors could cause actual events to differ materially from the expectations
expressed or implied in this release by such forward-looking statements. The
Company does not guarantee that the assumptions underlying the
forward-looking statements in this release (including the pro-forma
financial figures) are free from errors and readers of this release should
not place undue reliance on the forward-looking statements in this release.
The information, opinions and forward-looking statements that are expressly
or implicitly contained herein speak only as of its date and are subject to
change without notice. Neither the Company nor anyone else undertake to
review, update, confirm or to release publicly any revisions to any
forward-looking statements to reflect events that occur or circumstances
that arise in relation to the content of this release, unless it is so
required by law or applicable stock exchange rules.


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02.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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   Language:       English
   Company:        Verve Group SE
                   c/o Match2One AB, Stureplan 6
                   114 35 Stockholm
                   Sweden
   Phone:          +491703769571
   E-mail:         info@mgi-se.com
   Internet:       www.mgi-se.com
   ISIN:           SE0018538068
   WKN:            A3D3A1
   Listed:         Regulated Unofficial Market in Dusseldorf, Frankfurt
                   (Scale), Tradegate Exchange; FNSE
   EQS News ID:    1938237

End of News EQS News Service
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1938237 02.07.2024 CET/CEST