Stay Informed.News

GAN Announces Exercise of Options

21 December, 2018
LONDON STOCK EXCHANGE (LSE): GAN | IRISH STOCK EXCHANGE (ISE): GAME
 
GAN Announces Exercise of Options
 
London & Dublin | December 21, 2018: GAN plc (“GAN” or the “Company”), announces today the exercise of options by Mr. Dermot Smurfit, Chief Executive Officer, who exercised 200,000 stock options on December 11, 2018 to acquire new ordinary shares at an exercise price of 25p per new ordinary share at a total cost of £50,000 which was subsequently received by the Company on December 21, 2018.
 
Management Commentary
 
Dermot Smurfit, CEO of GAN commented:
 
As the Company’s CEO, a major long-term shareholder and substantial holder of options over additional ordinary shares, I expect to continue to invest in GAN through progressive future exercises of vested share options."
 
After the transaction, Mr. Smurfit holds a total of 8,863,447 ordinary shares in the Company, representing 10.42% of the Company's total issued share capital. Mr. Smurfit currently holds vested stock options to exercise and acquire up to an additional 416,564 new ordinary shares as per the company’s 2017 Stock Options Plan together with a further 1,229,436 which have yet to vest.
   
The total number of extant options over ordinary shares issued to the Directors is 2,346,000 and represents 2.76% of the issued share capital of 80,051,924 ordinary shares.
 
About GAN Plc
GAN is a leading business-to-business (“B2B”) supplier of internet gambling software-as-a-service solutions (“SaaS”) to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming.
 
GAN is listed on the London Stock Exchange (LSE: GAN) and on the Irish Stock Exchange (ISE: GAME).
 
For more information please visit www.GAN.com.

 
 
For further information please contact:
 
GAN US Investors: The Equity Group
Dermot Smurfit Adam Prior
Chief Executive Officer aprior@equityny.com
+44 (0) 20 7292 6262 212.371.8660
dsmurfit@GAN.com  
  UK & Ireland Investors: Walbrook PR
  Paul Cornelius
  GAN@WalbrookPR.com
  +44 20 7933 8780
 
  Davy (Nominated Adviser, ESM Adviser and Joint Broker)  
  John Frain / Barry Murphy  
  +353 1 679 6363  
   
Liberum (Joint Broker)
 
  Neil Patel / Cameron Duncan  
  +44 (0) 20 3100 2000  
 
 
 

 

Recent News

17 January, 2020
PA Gambling Growth for December 2019

London | January 17, 2020: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on January 16, 2020, by the Pennsylvania Gaming Control Board (“PGCB”) of Internet gaming and Internet sports betting financial information for the calendar month of December 2019 in Pennsylvania.  
 

Read Full Article
15 January, 2020
Strong NJ Gambling Growth for December 2019

London | January 15, 2020: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on January 14, 2020, by New Jersey’s Division of Gaming Enforcement (“DGE”) of Internet gaming and Internet sports betting financial information for the calendar month of December 2019 in New Jersey. 
 

Read Full Article
13 January, 2020
GAN Appoints Karen Flores as Chief Financial Officer, Continues to Progress Toward U.S. Listing

London | January 13, 2020: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today announced the appointment of Mrs. Karen Flores as Chief Financial Officer, effective immediately. In this role, Mrs. Flores will be responsible for finance, strategic planning, treasury, tax and accounting and will be based at the Company’s offices in Irvine, CA.

Read Full Article
Top of page