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GAN PLC - Scheme of Arrangement becomes Effective

RNS Number : 9697L
GAN PLC
05 May 2020
 

For immediate release

 

05 May 2020

 

GAN PLC

Scheme of Arrangement becomes Effective

GAN plc (the "Company") is pleased to announce that the scheme of arrangement under Part 26 of the Companies Act 2006 in connection with the acquisition by GAN Limited of the entire issued share capital of the Company has now become Effective in accordance with its terms as set out in the scheme document sent to Ordinary Shareholders on 13 March 2020. The Company is now a wholly owned subsidiary of GAN Limited. This follows the Court's sanction of the Scheme at the Scheme Court Hearing held on 22 April 2020.

Definitions

Terms and expressions used in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in the Scheme Document.

 

 

About GAN PLC

GAN PLC is a leading business-to-business supplier of internet gambling software-as-a-service solutions to the US land-based casino industry. GAN PLC 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.

 

For further information please contact: 

GAN

US Investors: The Equity Group

Jack Wielebinski

Adam Prior

Head of Investor Relations

aprior@equityny.com

+1 214 799 4660

212.371.8660

jwielebinski@GAN.com

 

Carolyne Sohn

csohn@equityny.com

415.568.2255

 


UK & Ireland Investors: Newgate Communications


Adam Lloyd

Giles Croot


GAN@Newgatecomms.com


+44 (0) 20 3757 6880

 


Davy (Nominated Adviser and Joint Broker)



John Frain / Barry Murphy



+353 1 679 6363



 

Liberum (Joint Broker)



Neil Patel / Cameron Duncan



+44 (0) 20 3100 2000


 


 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Quick facts: GAN PLC

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Market: AIM
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