STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
The Board of Directors of Betsson AB (publ) (”Betsson”) has on 29 November 2013, in accordance with the authorization granted to the Board of Directors at the Extraordinary General Meeting held on 19 August 2013, resolved to issue up to 521,700 class C shares at a subscription price of SEK 2, corresponding to the quota value of the share. The newly issued shares may be subscribed for by the bank or stock broker from time to time appointed by the company to administrate the incentive schemes of the Betsson group. The shares must be subscribed for no later than 31 December 2013.
The Board of Directors has in connection with the resolution to issue the shares also resolved to repurchase all issued class C shares, at a price of SEK 2. The purpose of the share issue and the repurchase of the class C shares are to secure delivery of shares pursuant to the incentive scheme resolved at the Extraordinary General Meeting held on 19 August 2013. Prior to any delivery of shares pursuant to the incentive scheme, Betsson will convert class C shares into class B shares. Class C shares are not entitled to any dividend payments.
Betsson AB’s Core Business consists of owning and administering shareholdings in companies which, themselves or through partners, offer gaming to the end users via the internet. Betsson AB owns Betsson Malta which operates gaming to the end users either through their own websites or through partnerships. Betsson Malta offers Poker, Casino, Sportsbook, Scratch Cards, Bingo and Games. The customers come primarily from the Scandinavian countries and other parts of Europe. Betsson AB is listed on NASDAQ OMX Nordic Mid Cap List, (BETS).
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