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The Board of Directors of Next Games Corp. has adopted a new share-based incentive program

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The Board of Directors of Next Games Corporation has adopted a new share-based incentive program

NEXT GAMES CORPORATION COMPANY RELEASE 9 July 2019 7am EEST

The shareholders of Next Games Corporation (the “Company”) have on 21 May 2019 resolved to authorize the board of directors of the Company to resolve on issuances of shares in the Company and option rights entitling thereto so that the total number of shares may, pursuant to the authorization, be increased by a maximum of 925,000 shares in the aggregate.

The board of directors of the Company has on 8 July 2019 approved a new share-based incentive program (“Program”). The Program is part of the incentive and commitment scheme of the Company and the option rights entitling to shares in the Company can be issued based on it to all current and future employees, consultants acting in a key role for and management members of the Company and its group companies. Unless otherwise decided by the board of directors, option rights are issued to the recipients without consideration. Shares and option rights entitling to shares issued under the Program may increase the amount of shares by a maximum of 925,000 shares in the aggregate.

The Strike price of the options have been determined to be the average of the daily closing prices of Next Games Corporation’s shares between 1st of June and 30th of June.

Each option right issued under the Program entitles the recipient to subscribe for one new share in the Company. The option rights issued under the Program are divided into two rounds depending on, whether the option rights have been issued at the latest on 20th July 2019 (“Option Rights Round I”) or after it but not later than on 15 January 2020 (“Option Rights Round II”).

The subscription period for shares issuable pursuant to the option rights issued under the Program commences as of the first registration of the Program with the Finnish Trade Register and expires for Option Rights Round I on 30 June 2024 and for Option Rights Round II on 31 December 2024.

The option rights entitle to share subscription during the subscription period in accordance with the vesting schedule agreed in the option agreement between the Company and the recipient. Unless otherwise agreed in the option agreement, the default vesting schedule applicable to all recipients of the Option Rights Round I shall be such that 25 percent of the option rights granted to a recipient entitle to share subscription on 1 July 2020, and the remaining 75 percent of the option rights entitle to share subscription in 25 percent annual instalments on 1 July 2021, 1 July 2022 and 1 July 2023.

Respectively, the default vesting schedule applicable to all recipients of the Option Rights Round II shall be such that 25 percent of the option rights granted to a recipient entitle to share subscription on 1 January 2021, and the remaining 75 percent of the option rights entitle to share subscription in 25 percent annual instalments on 1 January 2022, 1 January 2023 and 1 January 2024. Unless otherwise decided by the board of directors, share subscription is additionally subject in each case to the recipient continuously providing services to the Company or its group companies as an employee, consultant or management member.

Unless otherwise decided by the board of directors, the subscription price payable for each share subscribed for pursuant to the option rights issued under the Program shall with respect to each option right issued as part of the Option Rights Round I equal the arithmetic mean of the closing prices of the share on the Nasdaq First North Finland market place for June 2019, and respectively, with respect to each option right issued as part of the Option Rights Round II equal the arithmetic mean of the closing prices of the share on the Nasdaq First North Finland marketplace for December 2019. The subscription price will be booked in its entirety into the Company’s invested unrestricted equity reserve.

Unless otherwise decided by the board of directors, if a recipient’s employment or service relationship with the Company or its group companies ceases for any reason, all unexercised option rights that do not yet entitle to share subscription taking into account the agreed vesting schedule will automatically terminate and be forfeited to the Company. The recipient is entitled to exercise option rights entitling to share subscription within thirty (30) days from the date of the termination of the employment or service relationship, at which time any option rights remaining unexercised will automatically terminate and be forfeited to the Company.

Next Games
Next Games (Helsinki Nasdaq First North: NXTGMS) is the first publicly listed mobile game developer and publisher in Finland, specializing in games based on entertainment franchises, such as movies, TV series or books. The developers of the critically acclaimed The Walking Dead games redefines the way franchise entertainment transforms into highly engaging service-based mobile games. In summer 2018, Next Games launched The Walking Dead: Our World, which utilizes cutting edge AR technology and is powered by Google Maps. Currently Next Games is working on multiple new games based on popular entertainment franchises including, Blade Runner Nexus, for the popular Blade Runner franchise and a mobile game based on Netflix’s Stranger Things. For more information head to www.nextgames.com

 

Source: GlobeNewswire


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: The Board of Directors of Next Games Corp. has adopted a new share-based incentive program

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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UK Gambling Commission Publishes Further Data on the Gambling Industry in Great Britain

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The UK Gambling Commission (UKGC) has published further data on the gambling industry in Great Britain.

This data, sourced from operators, reflects the period between March 2020 and March 2025, inclusive, and covers online and in-person gambling covering Licensed Betting Operators (LBOs) found on Britain’s high streets.

This release compares Quarter 4 (Q4) of financial year 2024 to 2025, with Q4 of 2023 to 2024, looking at how the market has changed in comparative periods over a year.

The latest operator data shows:

• online total Gross Gambling Yield (GGY) in Q4 (January to March) was £1.45 billion, an increase of 7% from Q4 the previous year. The overall number of total bets and/or spins increased 5% Year-on-Year (YoY), to 25.2 billion, whilst the average monthly active accounts in the quarter increased 2%, to 13.5 million.

• real event betting GGY increased by 5% YoY to £596 million. The number of bets decreased 1%, while the average monthly active accounts in Q4 decreased 2%.

• slots GGY increased 11% to £689 million YoY. The number of spins increased 6% to 23.4 billion while the average monthly active accounts in Q4 increased 6% to 4.5 million per month.

• the number of online slots sessions lasting longer than an hour increased by 5% YoY to 10.1 million. The average session length stayed consistent at 17 minutes. Approximately 6% of all sessions lasted more than one hour, the same as the Q4 the previous year.

• LBO GGY decreased by 3% to £554 million in Q4 2024 to 2025, compared to the same quarter last year. The number of total bets and spins decreased by 5% to 3.1 billion.

The post UK Gambling Commission Publishes Further Data on the Gambling Industry in Great Britain appeared first on European Gaming Industry News.

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Allwyn’s Local Retail Champions Completed First Stage of Their Social Value Store Makeover

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National Lottery operator, Allwyn’s, 2024 Local Retail Champions, Natalie and Martin Lightfoot – who own Londis Solo Convenience in Glasgow – have completed the first stage of their Social Value store makeover by installing new colleague headsets to help with security at the store.

The husband-and-wife shopkeepers were awarded £5000 cash and a Social Value store makeover worth up to £20,000 when they were crowned National Winners at Allwyn’s first ever Local Retail Champions awards in December. They had been nominated for the award by their customers for a host of community-focused work, such as organising charity fundraising events and local litter-picking activities, as well as providing a home delivery service for those in need.

Natalie and Martin have beallgun the Social Value store makeover work – which will take a number of months to complete – by installing six new colleague headsets to improve security at the store. The headsets enhance communication between store staff, increasing safety for both customers and staff and enabling colleagues to respond quickly to assistance requests.

The next stage of the store makeover activity will see the installation of new CCTV equipment, replacing the current 15-year-old system. As well as protecting the store, the CCTV currently helps keeps the community safer, with cameras located outside of the store successfully having been used in the past to help with investigations.

The final stage of the makeover will include installation of retail AI technology, with initial plans for this currently being looked at by Natalie and Martin.

Natalie said: “We’re really grateful to Allwyn for what the Local Retail Champions store makeover money is helping us do with security in the store. The headsets have been a godsend. The store has thick walls, making it difficult to hear each other in different areas of the shop, so the headsets allow us all to communicate and respond to things quickly as a team. We’re also in the process of getting new CCTV installed which will provide clearer pictures as the current system is quite pixelated and very dated. We wouldn’t have been able to get any of this new equipment without the Local Retail Champions makeover money, not for a long while anyway.”

Allwyn’s Director of Commercial Partnerships and Retail Sales, Alison Acquaye-Acford said: “We know Natalie is passionate about store security for retailers and has spoken publicly about the subject in the past, so we’re really happy we’ve been able to support her own store’s security needs with the store makeover. And she and her husband are absolutely deserving of the prize – they are a shining example of retailers who go above and beyond for their local community, which is precisely why they were crowned one of our two National Winners at Allwyn’s 2024 Local Retail Champions awards. We’re looking forward to hearing about how the project progresses further.”

The Local Retail Champions initiative is paid for with money from Allwyn’s dedicated Social Value Fund, which is an annual £1 million that the company has committed to using to support operating The National Lottery in an environmentally and socially responsible way. Last year, Allwyn used a portion of the fund to reward and recognise the important role its retail partners play in every community across the UK and Isle of Man – and arrangements for this year’s programme will become available over the coming months.

The post Allwyn’s Local Retail Champions Completed First Stage of Their Social Value Store Makeover appeared first on European Gaming Industry News.

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Darts Player Andy Jenkins Gets 11-year Ban for Match-fixing

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Former World Championship semi-finalist Andy Jenkins has been handed an 11-year ban and £17580 fine for match-fixing.

Following a hearing before the DRA Disciplinary Committee Jenkins was found guilty of fixing 12 matches between 22 February 2022 and 5 July 2023 and passing information relating to this to bettors.

Jenkins also admitted using his own account to place 88 bets on matches between 17 March 2022 and 4 May 2023, breaching a DRA rule preventing any player from betting on any darts event.

The UK Gambling Commission’s Sports Betting Intelligence Unit (SBIU) supported the investigation by facilitating information gathered in the course of its enquiries.

Full details of Jenkins’ failures can be found on the DRA website.

John Pierce, Commission Director of Enforcement, said: “This case sends a strong and unequivocal message to all sportspeople – if you fix matches, you are likely to be caught and face serious consequences.

“Betting customers in Britain deserve confidence that the markets they engage with are fair and free from corruption.

“Our Sports Betting Intelligence Unit will continue to work closely with partners such as the Darts Regulation Authority to identify and prevent match-fixing.”

The post Darts Player Andy Jenkins Gets 11-year Ban for Match-fixing appeared first on European Gaming Industry News.

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