TIDMB90
RNS Number : 5062F
B90 Holdings PLC
07 November 2022
7 November 2022
B90 Holdings plc
("B90" or the "Company")
Withdrawal of Requisition for General Meeting
and
Directorate changes
B90 Holdings plc (AIM: B90), the online marketing and operating
company for the gaming industry, announces that it has received a
written communication from the Requisitioning Shareholders
requesting the withdrawal of the requisition for an Extraordinary
General Meeting ("EGM"). Consequently, the Resolutions, as detailed
in the Circular and Notice dated 17 October 2022, will not be put
to the EGM, scheduled to be held today, Monday 7 November 2022.
Following receipt of shareholder proxy votes and letters of
representation, B90 further announces the following Board
changes:
Ronny Breivik and Martin Fleisje are being appointed to the
Board with effect from 7(th) November 2022.
Ronny will be joining as an executive director, holding the
title of Interim Executive Chairman. Ronny initially joined B90 as
CEO of B90 Ventures Ltd, the main operating subsidiary of the Group
in April 2021. Ronny has worked in online gaming since 1997 and
launched the first gaming portal in Norway.
In the early 2000s, Ronny was involved in a start-up,
OddsAlive.com, which was subsequently sold to BetInternet in 2003.
From 2004 until 2006 Ronny worked with Sportingbet.com, while also
taking on the role of Product Manager for Bet24.com, which was
later sold to the Modern Times Group. While at Bet24.com, Ronny
introduced live betting and online poker to that company's product
portfolio, creating and honing a profitable business model for live
betting and online poker.
From 2006 until 2011, Ronny was the CEO of M&B Poker Invest
Ltd, which specialised in betting affiliation. During this time,
Ronny co-founded and was one of the pioneers of the world's first
'rakeback' site, arguably disrupting the online poker world.
Since 2011, Ronny has held directorships in Data Empire Holdings
Limited and Performance Media SIA
Martin will be appointed as an independent non-executive
Director. Martin is currently chief financial officer of Induct AS,
a Norwegian software company. Prior to joining Induct AS, Martin
spent the majority of his career in wealth management and sales
most recently with Kraft Finans AS and Pioner Kapital AS, both
based in Norway.
Karim Peer, Executive Chairman and Nigel Eastwood, non-executive
Director are stepping down from the Board with immediate
effect.
Following the above changes, the Directors intend to review the
composition of the Board, both at executive and non-executive
level, including seeking to identify and recruit one or more
additional independent Directors to further enhance the Board's
experience and expertise as B90 completes its turnaround and
pursues its growth strategy. The Board looks forward to updating
the market on progress in due course.
The Board wishes to thank Karim and Nigel for their contribution
to the Group and wishes them both well in their future
endeavours.
Commenting on the changes Mark Rosman, Senior Non-executive
Director, said "I would like to welcome Ronny and Martin to the
Board and together we look forward to being able to continue the
direction of travel in the business started by Karim. We thank
Nigel and Karim for their contribution to B90."
Additional disclosures
In accordance with the AIM Rules, the following information is
disclosed:
1. Full name: Ronny Ingvar Breivik (age: 48)
Current Directorships/Partnerships Directorships/Partnerships held
within the past five years
Spintastic NV Data Empire Holdings Limited
Performance Media SIA
--------------------------------
Mr Breivik's interest in the Company's ordinary shares
("Shares") comprises 18,362,042 Shares (of which 8,600,000 Shares
are via Entercreation Limited, owned by Mr Breivik) and a further
10,770,762 Shares through Performance Media SIA, in which Mr
Breivik is a 34.65% shareholder. He holds 3,000,000 options in the
Company.
2. Full name: Martin Fleisje (age: 42)
Current Directorships/Partnerships Directorships/Partnerships held
within the past five years
Warm Systems AS
More Colly AS
--------------------------------
Mr Fleisje has an interest in 196,806 ordinary shares in the
Company. He holds no options in the Company.
Other than the information disclosed above, there is no further
information in respect of the above appointments required to be
disclosed under Schedule 2 paragraph (g) of the AIM Rules.
All capitalised/defined terms used in this announcement and not
otherwise defined shall have the meanings given to them in the
Circular and Notice dated 17 October 2022.
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 Union
(Withdrawal) Act 2018, as amended.
For further information please contact:
B90 Holdings plc +44 (0)1624 605 764
Marcel Noordeloos, Chief Financial Officer
Strand Hanson Limited (Nominated Adviser) +44 (0)20 7409
3494
James Harris / Richard Johnson / Rob Patrick
Arden (Broker) +44 (0)20 7614 5900
Ruari McGirr
Belvedere (Financial PR & IR) +44 (0)20 3008 6864
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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November 07, 2022 02:35 ET (07:35 GMT)
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