7 Sep 2017 14:09
GAN plc
LONDON STOCK EXCHANGE (LSE): GAN | IRISH STOCK EXCHANGE (ISE): GAME
Grant of Options to Directors
London & Dublin | September 7, 2017: GAN plc ("GAN" or the "Company"), a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, announces the grant and cancellation of options to certain Directors.
On July 17, 2017 and August 24, 2017, the Company cancelled and granted new options over ordinary shares, in accordance with the Company's 2017 Share Option Scheme, to the following Directors:
Director | Date of Issue | Exercise Price | Options Cancelled | New Options Issued | TOTAL |
Dermot S Smurfit (Executive) | 17/07/2017 | 25p | 1,346,000 | 1,846,000 | 1,846,000 |
Seamus McGill (Chairman) | 24/08/2017 | 20.5p | 0 | 200,000 | 200,000 |
Roger Kendrick (Non Executive) | 24/08/2017 | 20.5p | 50,000 | 150,000 | 150,000 |
Michael Smurfit Jnr (Non Executive) | 24/08/2017 | 20.5p | 50,000 | 150,000 | 150,000 |
The total number of extant options over ordinary shares issued to these Directors is 2,346,000 and represents 3.35% of the current issued share capital of 70,051,924 ordinary shares.
The earliest exercise date for the options is July 17, 2018 in respect of Dermot S Smurfit and August 24, 2018 for all others.
GAN | Overview
GAN is a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry. GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange under the ticker: GAN
The Company has developed an Internet gaming enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for both regulated real-money and/or virtual Simulated Gaming. GAN has thirteen (13) casino operators as clients of Simulated Gaming coast-to-coast across the US; two (2) clients of real money Regulated Gaming in New Jersey; and ten (10) clients of real money Regulated Gaming in Europe.
The Internet Gaming System, developed in London under a UK Gambling Commission license, is certified to the highest technical standards currently required by gaming regulators. In April 2017 GAN was granted a Casino Service Industry Enterprise license by the New Jersey Division of Gaming Enforcement being GAN's first privileged gaming license in the United States.
For more information please visit www.GAN.com
For further information please contact:
GAN | US Investors: The Equity Group |
Dermot Smurfit | Adam Prior |
Chief Executive Officer | aprior@equityny.com |
+44 (0) 20 7292 6262 | 212.371.8660 |
dsmurfit@GAN.com | |
UK & Ireland Investors: Walbrook PR | |
Paul Cornelius | |
GAN@WalbrookPR.com | |
+44 20 7933 8780 |
Davy (Nominated Adviser, ESM Adviser and Joint Broker) | ||
John Frain / Barry Murphy | ||
+353 1 679 6363 | ||
Liberum (Joint Broker) | ||
Neil Patel / Cameron Duncan | ||
+44 (0) 20 3100 2000 |
GAN.L (GAN)