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GAN Gan Plc

225.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

GAN PLC Grant of Options to Directors (1421Q)

07/09/2017 2:09pm

UK Regulatory


Gan (LSE:GAN)
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TIDMGAN

RNS Number : 1421Q

GAN PLC

07 September 2017

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:

 
                                                                      New 
                               Date of     Exercise    Options      Options 
 Director                       Issue        Price     Cancelled     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(TM), 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 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHBXGDCIGGBGRR

(END) Dow Jones Newswires

September 07, 2017 09:09 ET (13:09 GMT)

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