Last checked at 20 Sep 2022 15:33
For immediate release: 20 September 2022
B90 Holdings plc
("B90", the "Company" or "Group")
Requisition to Convene an Extraordinary General Meeting
B90 Holdings plc (AIM: B90) announces that it has received a letter on behalf of a group of shareholders in the Company, requisitioning an extraordinary general meeting ("EGM") of the Company's shareholders (the "Requisition") under section 67(2) of the Isle of Man Companies Act 2006 ("Act").
The Requisition proposes the following matters to be included on the agenda:
· The removal of Mr Karim Peer as Executive Chairman and as director of the Company
· The election of additional directors:
1. Mr. Ronny Ingvar Breivik
2. Mr. Martin Fleisje
Any appointments to the board of an AIM company are subject to the satisfactory completion of regulatory due diligence and appropriateness checks by the Company's Nominated Adviser. No such checks have been commenced.
The board of directors intends to comply with its obligations in accordance with the Act and a circular convening the extraordinary general meeting will be posted to Shareholders as soon as practicable.
Mark Rosman, Senior Non-Executive Director, B90 said:
"The Board is perplexed by this requisition, which it believes will only serve to waste valuable Company time and money. The Board remains fully supportive of Karim Peer and are steadfast in our support for his leadership, as well as the current growth strategy articulated to shareholders."
Shareholders are advised to take no action at this time. Further announcements will be made as appropriate.
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 UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended. On the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
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
Arden Partners plc (Broker) +44 (0)20 7614 5900
Ruari McGirr
Belvedere (Financial PR & IR) +44 (0)20 3008 6864
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.
www.b90holdings.com