B90 Holdings PLC Director Dealing (1786D)
18 Ottobre 2022 - 8:00AM
UK Regulatory
TIDMB90
RNS Number : 1786D
B90 Holdings PLC
18 October 2022
18 October 2022
B90 Holdings plc
("B90", the "Company" or "Group")
Director Dealing
B90 Holdings plc (AIM: B90), the online marketing and operating
company for the gaming industry, announces that Mr Ronny Ingvar
Breivik has satisfied a debt owed by Entercreation Limited, a
corporate entity majority owned by Mr Breivik, to The Nestegg BV, a
corporate entity wholly owned by Mark Rosman, Senior Non-Executive
Director of B90, by the transfer of, in aggregate, 9,000,000
ordinary shares of no par value in the Company ("Ordinary
Shares").
Mr Breivik is a substantial shareholder in Performance Media
SIA, one of the Requisitioning Shareholders proposing, inter alia,
the appointment of Mr Breivik as a director of the Company, as
notified to the market on 20 September 2022 and 27 September 2022;
about which further information is set out in the Company's
announcement of 17 October 2022 and the circular sent to the
Company's shareholders on that date, which is also available on the
Company's website.
The Board is extremely surprised that Mr Breivik, who together
with the Requisitioning Shareholders, is trying to secure his
appointment to the Board, and the removal of Karim Peer as
Executive Chairman and Mr Nigel Eastwood as a director of the
Company, would choose to satisfy the debt owed to The Nestegg BV in
this way, thereby diminishing his interest in the Company's share
capital, at the same time as he is seeking to become a Board
Director.
Following the transfer of Ordinary Shares to Mr Rosman, Mr
Rosman is now interested in 23,419,019 Ordinary Shares in the
Company, representing 8.3% of the entire issued share capital of
the Company.
The Company reiterates the Board's recommendation that
shareholders vote against all four proposed resolutions at the
Extraordinary General Meeting to be held on 7 November 2022.
Mark Rosman, Senior Non-Executive Director, B90 said :
"We are increasingly confused by the actions of Mr Breivik who,
while seeking to join the Board, has recently served conditional
notice terminating his engagement with B90 Ventures Ltd and is now
significantly reducing his shareholding in the Company. The Board
continues to urge all shareholders to vote against the resolutions
at the forthcoming EGM."
1 Details of the persons discharging managerial responsibilities
a) Name Mark Rosman
------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Senior Non-Executive Director
------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- ------------------------------------------
3 Details of the issuer
---------------------------------------------------------------------
a) Name B90 Holdings plc
------------------------- ------------------------------------------
b) LEI 2138007KWLZHV5I1A979
------------------------- ------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------
a) Description of the Ordinary Shares of no par value
financial instrument,
type of instrument
------------------------- ------------------------------------------
Identification code ISIN for Ordinary Shares: IM00BYT32K14
------------------------- ------------------------------------------
b) Nature of the transaction Receipt of ordinary shares as repayment
consideration for a loan to Entercreation
Limited
------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
4.75p 9,000,000
---------
------------------------- ------------------------------------------
d) Aggregated information 9,000,000 at implied price of 4.75p
- Aggregated volume per Ordinary Share
- Price
------------------------- ------------------------------------------
e) Date of the transaction 17 October 2022
------------------------- ------------------------------------------
f) Place of the transaction XLON
------------------------- ------------------------------------------
-ends-
For further information please contact:
B90 Holdings plc +44 (0)1624 605 764
Karim Peer, Executive Chairman
Marcel Noordeloos, Chief Financial Officer
Strand Hanson Limited (Nominated Adviser) +44 (0)20 7409 3494
James Harris / Richard Johnson / Rob Patrick
Arden Partners plc (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.
www.b90holdings.com
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END
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