888 Holdings plc Board Update (6677Z)
14 Gennaio 2020 - 8:00AM
UK Regulatory
TIDM888
RNS Number : 6677Z
888 Holdings plc
14 January 2020
14 January 2020
888 Holdings Plc
("888" and the "Group")
Board Update
888, one of the world's leading online gaming entertainment and
solutions providers, announces that after more than 15 years with
the Group, Aviad Kobrine will step down from his role as Chief
Financial Officer during 2020.
The Board of 888 will now commence a search for Aviad's
successor. Aviad will remain in his position until a successor is
in place in order to enable a seamless transition of
responsibilities at the appropriate time.
Aviad joined 888 in 2004 ahead of the Group's IPO and was
appointed as CFO in June 2005. He has played an important part in
the Group's progress and growth into a global online gaming
business that operates across 12 regulated markets.
Aviad Kobrine, CFO of 888 commented: "I would like to take this
opportunity to thank the fantastic team at 888 with whom I have had
the pleasure and honour of working over the last 15 years. I am
incredibly proud of what we have achieved together throughout my
time with the business."
Brian Mattingley, Chairman of 888 commented: "Aviad has made a
truly outstanding contribution to 888. He has played a significant
role in helping to develop 888 into the world class online gaming
operator it is today.
Aviad has been an integral part of the leadership team
throughout a transformational period for the company. Over recent
years, he has supported 888's growth into new markets whilst also
helping the Group to successfully manage and navigate significant
changes in our industry. On behalf of everyone at 888, I would like
to wish Aviad every success for the future.
Aviad will be staying in his role while the Board finds his
successor. We will provide a further update as and when
appropriate."
Itai Pazner, CEO of 888 commented: "On behalf of the entire 888
team I would like to thank Aviad for his significant contribution
to the Group. I would also like to extend my personal gratitude to
Aviad for his support and friendship over the years."
This announcement contains inside information for the purpose of
Article 7 of Regulation (EU) No 596/2014. The person responsible
for arranging the release of this announcement on behalf of the
Company is Brian Mattingley, Chairman of 888.
Contacts and enquiries
888
Brian Mattingley, Non-Executive Chairman Via Hudson Sandler
Itai Pazner, Chief Executive Officer
Aviad Kobrine, Chief Financial Officer
+44(0) 207 796
Hudson Sandler 4133
Alex Brennan / Hattie Dreyfus / Bertie
Berger
888@hudsonsandler.com
Notes to Editors:
888 Holdings Public Limited Company (888) is one of the world's
most popular online gaming entertainment and solutions providers.
888's mission is to supply its customers with innovative and
market-leading online gaming products, above all in a safe and
secure environment.
888 has been at the forefront of the online gaming industry
since foundation in 1997, providing to players and B2B partners an
always innovative and world-class online gaming experience. At the
heart of 888's business is its proprietary gaming technology and
associated platforms.
The Group is structured into two lines of business: B2C, under
the 888 brands, and B2B, conducted through Dragonfish, which
provides partners a leading platform through which to establish an
online gaming presence and monetise their own brands.
888's consumer facing websites offer more than just online
gaming. They are entertainment destinations: places where people
can enjoy a truly interactive experience and be part of an online
community that shares common interests. 888's strong and trusted
brands are all accessible through www.888.com.
888 was named Casino Operator of the Year at the 2019 EGR
awards.
Find out more about 888 at http://corporate.888.com/.
This announcement includes statements that are, or may be deemed
to be, "forward-looking statements". By their nature,
forward-looking statements involve risk and uncertainty since they
relate to future events and circumstances. Forward- looking
statements may and often do differ materially from actual results.
Any forward-looking statements in this announcement reflect 888's
view with respect to future events as at the date of this
announcement. Save as required by law or by the Listing Rules of
the UK Listing Authority, 888 undertakes no obligation publicly to
release the results of any revisions to any forward-looking
statements in this announcement that may occur due to any change in
its expectations or to reflect events or circumstances after the
date of this announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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