Betting Promotion: Report from the Extraordinary General Meeting


Stockholm, Sweden, 2013-11-25 11:00 CET (GLOBE NEWSWIRE) --  

On November 25, 2013, the Extraordinary General Meeting (“EGM”) of Betting Promotion Sweden AB (publ) ("Betting Promotion") was held in Mangold Fondkommission AB's premises in Stockholm. The EGM unanimously approved the Board's proposal to acquire Tain AB including its subsidiaries Tain Ukraine LCC, Tain Malta Ltd, Tain International N.V. and WL Services N.V.

The payment is made in newly issued Betting Promotion shares. Due to the non-cash issue, Betting Promotion's share capital will be increased by EUR 2,136,459.83 through the issue and subscription of 9,520,065 new shares. The acquisition results in a dilution of 50 percent of the total number of shares and votes in the company.

For further information, please contact:

Peter Åström, Chairman of Betting Promotion Sweden AB

Tel +46 70 56 27 47

Jonas Ornstein, CEO of Betting Promotion Sweden AB

Tel +46 40 611 84 94

 

 

Certified Adviser:

The Company´s Certified Advisor is Mangold Fondkommission AB, which can be contacted via www.mangold.se or by phone +46 8 503 015 50.

 

 

Betting Promotion Sweden AB (publ) is the holding company for operating subsidiaries. Betting Promotion puts the odds and acts as market maker on sporting events. Games are handled both before the match and during the match, so called live betting. Since 2003, Betting Promotion has been a market maker at the world’s leading betting exchanges. The trade is done automatically and is thus meant to be both effective and stable. Betting Promotion also offers odds to bookmakers.


Attachments

Press Release Betting Promotion EGM 2013-11-25.pdf