Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
Search Our Archive of Gaming Articles 

Announcement from LeoVegas' Extra General Meeting

28 August 2019

(PRESS RELEASE) -- The Extra General Meeting of LeoVegas AB was held today, 28 August 2019, at which the shareholders approved the following resolutions.

Resolution regarding incentive program for employees
The EGM resolved in accordance with the board of directors’ proposal to issue a maximum of 1,000,000 warrants, with deviation from the shareholders preferential rights, which may result in a maximum increase in the Company’s share capital of EUR 12,000. The warrants shall entitle to subscription of new shares in the Company.

The warrants shall be subscribed for by Gears of Leo AB, with the right and obligation to, at one or several occasions, transfer the warrants to a maximum of 50 selected members of the management team, senior executives and key employees, at a price that is not less than the fair market value of the warrant according to the Black & Scholes valuation model and otherwise on the same terms as in the issuance.

The subscription price per share has been set at SEK 50 in accordance with the resolution.

The maximum dilution effect of the incentive program amounts to a maximum of approximately 1.00 percent of the total number of shares and votes in the Company, assuming full subscription, acquisition and exercise of all offered warrants.

< Gaming News

Announcement from LeoVegas' Extra General Meeting is republished from