5 May 2020 10:59
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.
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