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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gan Plc | LSE:GAN | London | Ordinary Share | GB00BGCC6189 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 225.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Desmond Glass to Depart in Q4 2017 as CFO role relocates to Las Vegas
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, today announces the Group’s Chief Financial Officer (“CFO”) role will relocate from London to GAN’s US operations in Las Vegas commencing in Q4 2017 following interim H1 2017 results in September.
The CFO role transition is in the interests of shareholders to better reflect GAN’s continued growth in the North American market. This follows the relocation of the CEO’s role to Las Vegas in Summer 2015; the relocation of the Chief Information Officer role to Las Vegas in Summer 2016; and the appointment of Las Vegas-resident Mr Seamus McGill as Chairman in April 2017, all of which have proven instrumental in accelerating growth of Simulated Gaming for GAN’s thirteen US casino clients coast-to-coast as well as GAN’s New Jersey real money Internet casino gaming services delivered to PaddyPower Betfair plc.
GAN’s CFO and Company Secretary Desmond Glass has decided not to transition to the United States at this time in order to pursue UK-based opportunities.
Management Commentary
Dermot Smurfit, CEO of GAN commented:
“After a successful multi-year period with GAN, Desmond leaves behind a strong legacy best represented by GAN’s growing business in the US and selected regulated Internet gaming markets in Europe. We wish Desmond every success in the future. The relocation of the CFO role from London to Las Vegas aligns with GAN’s medium term strategy to seek admission to the US capital markets. Desmond will remain CFO in London until October and the new US-based CFO will be announced with our interim results on or before September 30, 2017. I look forward to working with Desmond closely in the coming months to prepare for the transition of his responsibilities.”
View source version on businesswire.com: http://www.businesswire.com/news/home/20170810005719/en/
GANDermot Smurfit, +44 (0) 20-7292-6262Chief Executive Officerdsmurfit@GAN.comorDavy(Nominated Adviser, ESM Adviser & Joint Broker)John Frain / Barry Murphy, +353-1-679-6363orInvestors: The Equity GroupAdam Prior, 212-371-8660aprior@equityny.comorLiberum(Joint Broker)Neil Patel / Cameron Duncan, +44 (0) 20-3100-2000
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