Date: 15.01.2024

by Mateusz Mazur

Gaming Corps AB Announces Key Decisions at Extraordinary General Meeting

Gaming Corps AB, a notable entity in the iGaming industry, held an extraordinary general meeting on January 11, 2024, in Uppsala, where significant resolutions were passed, setting the course for the company’s future.

Gaming Corps AB Secures ISO 27001:2022 Certification

Reshaping the Board of Directors

The meeting determined that the company’s board would comprise four members without deputies, following the departure of Mikael Wågberg, which was announced on November 30, 2023. This decision reflects a strategic move towards a more streamlined governance structure.

The extraordinary general meeting resolved to issue a maximum of 2,421,816 new shares, deviating from the shareholders’ pre-emptive rights. This decision aims to increase the company’s share capital by up to SEK 121,090.800748, with a subscription price set at SEK 1.10 per share, amounting to a total of SEK 2,663,997.60 if fully subscribed. This pricing mirrors that of a directed issue conducted on December 21, 2023, and is considered market-appropriate based on a 10-day volume-weighted average price (VWAP) up to December 20, 2023.

Key Stakeholders in the New Share Issue

The right to subscribe for the new shares, deviating from the shareholders’ pre-emptive rights, will be granted to specific individuals within the company’s executive circle, including board members and key executives. This includes Claes Tellman, Thomas Hedlund, Bülent Balikci, Claes De Geer, CEO Juha Kauppinen, CFO Mikael Bäckström, and Mats Lundin.

The new shares issued will entitle holders to dividends for the first time on the record date for dividend distribution following their registration with the Swedish Companies Registration Office and entry in the share register at Euroclear Sweden AB.

Our Comment on the Article

The decisions made at Gaming Corps AB’s extraordinary general meeting signify a pivotal moment in the company’s strategic development. The reshaping of the board and the directed share issue reflect a forward-looking approach, aiming to strengthen the company’s governance and financial position.

The involvement of key stakeholders in the share issue underlines a commitment to internal alignment and shared goals. As the company embarks on this new chapter, these resolutions are likely to play a crucial role in Gaming Corps AB’s growth trajectory and its ability to adapt to the dynamic iGaming industry landscape.