GAN PLC Grant of Options to Directors (1421Q)
September 07 2017 - 9:09AM
UK Regulatory
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
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