We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksB90 Holdings Regulatory News (B90)

Share Price Information for B90 Holdings (B90)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.70
Bid: 2.60
Ask: 2.80
Change: -0.05 (-1.82%)
Spread: 0.20 (7.692%)
Open: 2.75
High: 2.75
Low: 2.65
Prev. Close: 2.75
B90 Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Acquisition of T4U Marketing Ltd

21 Jun 2022 07:02

RNS Number : 5549P
B90 Holdings PLC
21 June 2022
 

For release: 07.02, 21 June 2022

 

B90 Holdings plc

("B90" or the "Company")

 

Acquisition of T4U Marketing Ltd

 

 

B90 Holdings plc (AIM: B90), the online marketing and operating company for the gaming industry, announces that it has entered into an agreement to acquire, through a wholly owned subsidiary, the remaining 49% of T4U Marketing Ltd ("T4U"), which operates the website tippen4you.com (the "Acquisition"). B90 currently holds a 51% equity interest in T4U, acquired in April 2017, and therefore after completion of the Acquisition will hold a 100% interest in T4U.

 

Tippen4you.com is an established and fully operational website and a forum platform focused on the German market. It earns revenues by entering into affiliate agreements with operators who are active in the German market, one of the largest and most developed online gambling markets in Europe.

 

The consideration for the Acquisition will be satisfied by the issue of 500,000 new ordinary shares of no par value in the capital of the Company ("Ordinary Shares") (the "Consideration Shares"). Based on the closing mid-market price per Ordinary Share on 20 June 2022, being the latest practicable date prior to this announcement, the value of the Consideration Shares is £23,750. The Consideration Shares will rank pari passu in all respects with the existing Ordinary Shares in issue at the time such shares are issued. The vendor of T4U has agreed to a 12-month lock-in period in relation to the Consideration Shares, which limits it to disposing of a maximum of 50,000 Ordinary Shares per month.

 

Commenting on the Acquisition, Karim Peer, Executive Chairman, said:

 

"Tippen4you.com is currently a relatively small business, but it has substantial potential and it carries great strategic importance for us. The acquisition reinvigorates the affiliate side of our business and gives us a strong foothold in Germany, where our operating brands currently do not have a presence, enabling us to earn revenues from one of the largest European markets."

 

Admission

When issued, the Consideration Shares will rank pari passu with the existing Ordinary Shares and application is being made to the London Stock Exchange plc for admission of the Consideration Shares to trading on AIM ("Admission") which is expected to take effect at 8.00 a.m. on or around 27 June 2022.

 

Total voting rights

Following Admission, the Company's total issued share capital will consist of 265,072,258 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares. On Admission, the abovementioned figure of 265,072,258 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

 

-ends-

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

 

For further information please contact:

 

B90 Holdings plc +44 (0)1624 605 764

Karim Peer, Executive Chairman

Marcel Noordeloos, Chief Financial Officer

 

Strand Hanson Limited (Nominated Adviser) +44 (0)20 7409 3494

James Harris / Richard Johnson / Rob Patrick

 

Whitman Howard Ltd (Broker)

Nick Lovering

 

Belvedere (Financial PR & IR) +44 (0)20 3687 2754

John West / Llewellyn Angus

 

About B90 Holdings plc

B90 Holdings plc is a group of companies focused on the operation of its own online Sportsbook and Casino product as well as marketing activities for other online gaming companies.

 

Website: www.b90holdings.com

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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ACQPPUUCQUPPPUU
Date   Source Headline
18th Apr 20247:00 amRNSOddsen.nu goes global
25th Mar 20247:00 amRNSTR-1
25th Mar 20247:00 amRNSTR-1
5th Mar 20247:00 amRNSDirector Dealings
1st Mar 20247:00 amRNSTR-1
1st Feb 20247:00 amRNSTrading Update
22nd Jan 20242:30 pmRNSDirector Dealings
8th Nov 20237:00 amRNSShift to B2B Operations: Relaunch of Bet90.com
30th Oct 20237:00 amRNSGrant of Options
28th Sep 20237:00 amRNSUnaudited Interim Results
15th Sep 20237:00 amRNSPlacing and Subscription, Conversion of CLNs
14th Aug 20237:00 amRNSAppointments: NED; Chief Finance, M&A Dev. Officer
31st Jul 20233:14 pmRNSResult of AGM
17th Jul 202311:28 amRNSPosting of AGM Notice
13th Jul 20237:00 amRNSFURTHER RE SUBSCRIPTION
12th Jul 20237:00 amRNSAcquisition of Emwys; Licence Agreement; CLN issue
30th Jun 20237:01 amRNSFundraising and Board Changes
30th Jun 20237:00 amRNSFinal Results
6th Jun 20237:00 amRNSAppointment of New Broker
28th Apr 20235:02 pmRNSDirector’s purchase of shares
21st Apr 20231:21 pmRNSDirector’s purchase of shares
19th Apr 20237:00 amRNSGrant of Options
5th Apr 20232:10 pmRNSRaise of a further £1.1 million
20th Mar 20234:35 pmRNSPrice Monitoring Extension
21st Feb 20232:05 pmRNSSecond Price Monitoring Extn
21st Feb 20232:00 pmRNSPrice Monitoring Extension
7th Feb 20237:00 amRNSMark Blandford Appointed as Strategic Adviser
6th Feb 20237:00 amRNS£0.5 million Raise and Trading Update
3rd Feb 20237:00 amRNSChange of Adviser
23rd Dec 20227:00 amRNSB90 raises £0.5 million via Convertible Loan Notes
7th Nov 202211:43 amRNSAdjournment of Requisitioned EGM
7th Nov 20227:35 amRNSWithdrawal of Requisition and Directorate Changes
18th Oct 20227:00 amRNSDirector Dealing
17th Oct 202212:18 pmRNSPublication of Circular and Notice of EGM
27th Sep 20222:52 pmRNSUpdate to Requisition to Convene Extraordinary GM
26th Sep 20227:00 amRNSAppointment of Independent Non-Executive Director
23rd Sep 20227:00 amRNSUNAUDITED INTERIM RESULTS
23rd Sep 20227:00 amRNSUNAUDITED INTERIM RESULTS
20th Sep 20223:33 pmRNSExtraordinary General Meeting
14th Sep 20222:22 pmRNSResult of AGM
9th Sep 20227:00 amRNSSubscription to raise £305,000
31st Aug 20227:00 amRNSPosting of AGM Notice
1st Jul 20227:00 amRNSAppointment of New Broker
22nd Jun 20227:00 amRNSGrant of Options
21st Jun 20227:02 amRNSAcquisition of T4U Marketing Ltd
21st Jun 20227:00 amRNSFinal Results
16th May 20227:00 amRNSSubscription and Board Appointment
13th May 20224:03 pmRNSOddsen Acquisition Update
22nd Dec 20217:00 amRNSAcquisition
9th Dec 20217:00 amRNSBoard Changes

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.