TIDMB90
RNS Number : 3139C
B90 Holdings PLC
18 June 2021
18 June 2021
B90 Holdings plc
("B90", the "Company" or the "Group")
Appointment of Non-Executive Director
B90 Holdings plc (AIM: B90), the sportsbook operator and online
marketing company for the gaming industry, announces the
appointment of Karim Peer as an Independent Non-Executive Director
with immediate effect.
Mr Peer has undertaken numerous roles including being Managing
Director of Open Bet, a leading provider of sportsbook, casino
gaming and betting shop technology helping acquire Alphameric plc
and growing annualised revenues to approximately GBP56m. He was
part of the team that sold Open Bet to Vitruvian Partners in a deal
worth more than GBP200m. Since 2014, Mr Peer has been CEO of
ClearLakeBlue Limited ("ClearLakeBlue"), which provides strategic
consultancy and advice to corporates and private equity. His
company focuses on restructuring, turnarounds and financial
planning and works with corporates to prepare them for growth and
to assist them in raising new capital. Through ClearLakeBlue, Mr
Peer acts as Non-Executive Director of CurtainCall Limited, where
he advises on pricing strategies, digital acquisition, technology
and fundraising in the entertainment sector.
Through ClearLakeBlue, Mr Peer has also undertaken interim CEO
roles including CEO of the London Derivates Exchange, a regulated
financial services organisation. He has also been CEO of Balmoral
Financial Limited, where he developed a digital strategy for the
direct promotion of lending and saving products, and refocused the
business to develop financial wellbeing programmes for corporate
clients.
Before that, Mr Peer was CEO of Financial Objects plc
("Financial Objects"), a FinTech leader employing over 300 people
worldwide. Under his leadership, this company was sold in 2008 to
Temenos AG, a Swiss listed software group, achieving a 90% premium
to the then prevailing share price.
Mr Peer was also the Founder and Owner of Synapse Consultancy,
where he successfully led an M&A team acquiring Wealth
Management Software (a UK public limited company) for Financial
Objects before taking an executive role in the business. He was
also Kindle Banking Systems' Regional Director for Mercosur, based
in Buenos Aires, and in the 1990s cut his teeth at International
Banking Information Systems (IBIS), Kapiti Limited, Unisys and
National Westminster Bank.
This announcement follows B90's recent announcement of 28 April
2021 that Ronny Breivik has been appointed CEO of B90 Ventures Ltd,
the main operating subsidiary of the Group. Ronny has worked in
online gaming since 1997 and launched the first gaming portal in
Norway. From 2011 until 2021 was a director of Data Empire Holdings
Limited and joint CEO of oddsen.nu, which is now the largest sport
betting affiliate in Norway.
Paul Duffen, Executive Chairman, commented:
" We continue to strengthen our team and Karim has the clear
skills necessary to advise us as we execute our planned growth
strategy. At OpenBet, a provider of technology to the betting and
gaming sector, Karim set the company on a path to development of a
new product set for the retail betting and gaming space, overseeing
the delivery of new software in record time. As CEO of Balmoral
Financial, he introduced an AI driven credit risk policy. His
experience in driving new technological solutions will be
invaluable. The Company welcomes him to the team, and we look
forward to working with him. "
Additional Information
The following additional information is provided in accordance
with paragraph (g) of Schedule Two to the AIM Rules for
Companies.
Karim Peer (aged 57)
Current Directorships/Partnerships Directorships/Partnerships held
within the past five ( 5 ) years
C learLakeBlue Limited S hepperton Media plc
Curtain Call Limited Wolf Capital Holdings Limited
Hampton Mortgage Servicing Limited
Balmoral Financial Limited
Koku Financial Limited
------------------------------------
Karim Peer was a director of Helveta Limited ("Helveta"), a
software development and marketing company, from December 2011 to
October 2014. Helveta went into administration on 18 September
2014. In March 2015, the administration of Helveta was moved to a
dissolution, with an estimated shortfall to creditors of GBP2.4
million.
There is no other information that is required to be disclosed
pursuant to paragraph (g) of Schedule Two to the AIM Rules for
Companies.
-Ends-
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European (Withdrawal)
Act 2018
For further information please contact:
B90 Holdings plc +44 (0)1624 605 764
Paul Duffen, Executive Chairman
Marcel Noordeloos, Chief Financial Officer
Strand Hanson Limited (Nominated Adviser) +44 (0)20 7409 3494
James Harris / James Dance / Rob Patrick
Whitman Howard Ltd (Broker)
Nick Lovering
Belvedere (Financial PR & IR) +44 (0) 20 3687 2754
John West / Llewellyn Angus
About B90 Holdings plc
B90 Holdings plc is a group of companies focused on the
operation of its own online Sportsbook and Casino product as well
as marketing activities for other online gaming companies.
Website: www.b90holdings.com
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END
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