20 Jun 2016 15:55
Stride Gaming plc
("Stride Gaming", or the "Company")
First Earn-Out Transfer of shares
Stride Gaming plc (AIM: STR), the multi-branded online gaming operator, announced on the 30 September 2015 that the performance of its wholly owned subsidiary Daub Alderney Limited ("DAL") and DAL's subsidiaries resulted in it hitting agreed targets set out in the Share Transfer Agreement dated 18 May 2015 between (1) GAL, (2) GMG, (3) Ukudla and (4) TTE such that on 18 June 2016, GAL, GMG and Ukudla would transfer, in aggregate, a total of 9,610,224 Ordinary Shares to TTE or Insynergy (as trustee for TTE) for onward distribution to members of the TTE Concert Party in the manner contemplated in the Company's Admission Document dated 18 May 2015 (the "Admission Document").
This represents the first transfer of shares pursuant to the Share Transfer Agreement (the "First Earn-Out Transfer"). The Company announces that this First Earn-Out Transfer has completed today.
Following the First Earn-Out Transfer, the resultant holdings of Ordinary Shares by members of the TTE Concert Party and GAL Concert Party respectively are as follows:
Shareholder | Number of Ordinary Shares | % of issued Ordinary Share capital | |
Poppy Investments Limited | 7,847,057 | 15.30% | |
Hydaco Holdings Pty Ltd as trustee of Hydaco Holdings Trust | 3,628,029 | 7.07% | |
Bedell Trustees Limited as trustees of the Blue Rock Trust | 6,914,213 | 13.48% | |
Bedell Trustees Limited as trustees of the Eagle Eye Trust | 2,489,836 | 4.85% | |
SMD Development NV | 344,721 | 0.67% | |
Total for the TTE Concert Party | 21,223,856 | 41.37% |
Shareholder | Number of Ordinary Shares | % of issued Ordinary Share capital |
Gal Holdings | 16,868,744 | 32.88% |
Guardian Trust Company | 2,249,999 | 4.39% |
Clermont Corporate Services | 937,498 | 1.83% |
Ukudla Commodities | 1,229,056 | 2.40% |
Geneva Management Group | 306,585 | 0.60% |
Total for the GAL Concert Party | 21,591,882 | 42.09% |
Terms used in this announcement but not defined shall have the meanings ascribed to them in the Admission Document which is available on the Group's website: www.stridegaming.com
Enquiries:
Stride Gaming plc Nigel Payne (Non-Executive Chairman) Eitan Boyd (Chief Executive Officer) Ronen Kannor (Chief Financial Officer) | + 44 (0) 20 7284 6080
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Canaccord Genuity Limited (Financial Adviser, Nominated Adviser and Joint Broker) Bruce Garrow Mark Whitmore Richard Andrews |
+44 (0) 20 7523 8000 |
Shore Capital (Joint Broker) Mark Percy Toby Gibbs
Yellow Jersey PR Alistair de Kare-Silver Felicity Winkles
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+44 (0) 20 7408 4090
+44 (0) 7825 916 715 +44 (0) 7748 843 871
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