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Notice of Extra General Meeting in LeoVegas AB



leovegas-q1-2019-1 Notice of Extra General Meeting in LeoVegas ABReading Time: 7 minutes


The shareholders of LeoVegas AB (publ), reg. no. 556830-4033, are hereby convened to an extra general meeting to be held on Wednesday 28 August 2019, at 5.30 p.m. at Baker & McKenzie’s premises on Vasagatan 7 in Stockholm. The doors to the meeting will open at 5.00 p.m.


Right to attend the Extra General Meeting and notice 

Shareholders wishing to attend the Extra General Meeting must:

  • on the record date, which is on Thursday 22 August 2019, be registered in the share register maintained by Euroclear Sweden AB. Shareholders, whose shares are registered in the name of a nominee, must temporarily register the shares in their own name at Euroclear Sweden AB. Shareholders whose shares are registered in the name of a nominee must, no later than on Thursday 22 August 2019, via their nominee, temporarily register the shares in their own name in order to be entitled to participate at the general meeting;
  • notify the participation at the extra general meeting no later than on Thursday 22 August 2019. Notice of participation at the extra general meeting may be given by regular mail to Baker & McKenzie Advokatbyrå KB, Att: Ian Gulam, Box 180, 101 23 Stockholm (please mark the envelope “LeoVegas EGM 2019”), or by e-mail to Upon notification, the shareholder should state their full name, personal identification number or corporate registration number, address and telephone number, and, where applicable, details of representatives, proxy holders and advisors. A shareholder who wishes to be represented by proxy shall issue a written and dated proxy to the proxy holder. If the proxy is issued by a legal entity, a certified copy of the registration certificate or corresponding document (“Registration Certificate“) shall be enclosed. The proxy must not be more than one year old, however, the proxy may be older if it is stated that it is valid for a longer term, maximum five years. The proxy in original and the Registration Certificate, if any, must be available at the extra general meeting and a copy should well before the meeting be sent to the Company by regular mail to Baker & McKenzie Advokatbyrå KB, Att: Ian Gulam, Box 180, 101 23 Stockholm (please mark the envelope “LeoVegas EGM 2019”), or by e-mail to, and should, in order to facilitate the entrance to the extra general meeting, be at the Company’s disposal no later than on Thursday 22 August 2019. A form proxy will be available for downloading on the Company´s website

Proposed agenda:

1        Opening of the meeting and election of the chairman of the general meeting

2        Preparation and approval of voting list

3        Election of one or two person to certify the minutes

4        Determination of whether the general meeting has been duly convened

5        Approval of the agenda

6        Resolution regarding warrant program and issue of warrants 2019/2022

  1. Issue of warrants to the Subsidiary 2019/2022
  2. Approval of transfer of warrants
  3. Further information regarding the warrant program

7        Closing of the meeting

Proposals for resolutions: 

Item 1: Opening of the meeting and election of chairman of the general meeting
The nomination committee proposes that Carl Svernlöv, attorney at law, Baker & McKenzie Advokatbyrå, is appointed as chairman of the Extra general meeting.

Item 6: Resolution regarding warrant programme through issuance of warrants 2019/2022
The board of directors of the Company proposes that the extra general meeting resolves to implement an incentive program through issuance of warrants in accordance with below.

Background and purpose
The purpose of the proposal, as of previous incentive programs, is to establish conditions to recruit and maintain qualified personnel in the company group and increase the motivation of the participants. The board of directors finds that it is in all shareholders’ interest that current and future senior executives, other employees and other key persons have a long term interest in developing a high value of the Company’s share. A long term ownership engagement is expected to stimulate an increased interest for the business and result in a whole as well as to increase the motivation for the participants and to create a common interest for the Company’s shareholders and the participant.

A. Issue of warrants 2019/2022
The Board of Directors proposes that the EGM resolves to issue of a maximum of 1,000,000 warrants, entailing an increase in the share capital upon full exercise by a maximum of EUR 12,000. The following terms shall apply to the issuance:

  1. The right to subscribe for the warrants shall, with deviation from the shareholders’ preferential rights, be given to the indirectly wholly owned subsidiary Gears of Leo AB, reg. no. 556939-6459 (the “Subsidiary”), with the right and obligation to transfer the warrants to employees within the group as per below.
  2. Oversubscription may not take place.
  3. The purpose for deviation from the shareholders’ preferential right is to implement an incentive programme whereby employees, through a personal investment, will participate and contribute in a positive development in the value of the Company’s shares during the period that the proposed programme covers, and to help the group to maintain and recruit qualified and engaged employees.
  4. The warrants shall be issued without any consideration.
  5. Subscription of the warrants shall take place not later than the day after the EGM.
  6. The board of directors has the right to extend the subscription period.
  7. Each warrant entitles to subscription of one new share in the Company. Subscription of new shares shall take place during the period commencing on 1 September 2022 up to and including 30 September 2022, or the earlier or later date as set out by the terms of the warrants in item 11 below.
  8. The subscription price per share shall correspond to 130 percent of the volume-weighted average price according to the Nasdaq OMX Stockholm official price list for the share for the 5-day trading period immediately prior to the EGM. The EGM is on 28 August 2019, which means that said period of 5 trading days immediately prior to the EGM will be 21 August 2019 up to and including 27 August 2019. However, the subscription price per share shall be at least SEK 50.
  9. The shares subscribed for by exercise of the warrants shall carry entitlement to participate in dividends for the first time on the next record date for dividends which occurs after subscription is effected.
  10. Warrants held by the Subsidiary that are not transferred as per below or that are repurchased from participants shall be cancelled after a decision by the Company’s board of directors. Cancellation shall be reported to the Swedish Companies Registration Office for registration.
  11. Other terms are set out in Appendix 1A.

B: Approval of transfers of warrants
The board of directors proposes that the EGM resolves to approve that the Subsidiary transfers the warrants in accordance with the following terms.

The right to acquire warrants from the Subsidiary shall be given to a maximum of 50 persons from the group management, senior executives and key persons selected by the board of directors of the Company (the “Participants”).

The board of directors of the Company and the founders Gustaf Hagman and Robin Ramm-Ericson will not participate in the programme.

1. Initially, each Participant will be offered to acquire warrants in accordance with the table set out below. For cases where one or more Participant do not acquire their full allotment, the Subsidiary has the opportunity to offer other Participants to acquire the remaining warrants. Such right shall primarily be given to Participants in Category A, secondarily to Participants in Category B, and thirdly to Participants in Category C.


Number of Participants

Number of warrants per Participant

Total number of warrants
Group Management (”Category A”) Maximum 10 40,000-100,000 400,000-1,000,000
Senior executives (”Category B”) Maximum 30 10 000–20 000 250 000–500 000
Other key persons (”Category C”) Maximum 30 5 000–10 000 125 000–250 000

2. The warrants shall be transferred on market terms at a price (premium) that is set based on an estimated market value of the warrants that has been calculated by an independent valuation institute using the Black & Scholes valuation model. The value has preliminarily been calculated at approximately EUR 0.40 per warrant based on a share price of EUR 3.51 and a subscription price of EUR 4.65.

3. In other respects, the warrants shall be subject to market terms including a right for the Company and the Subsidiary to repurchase warrants if a Participant’s employment with the Company ends.

4. Transfers to Participants require that the acquisition of warrants can be lawfully made and that this can be done with what the board of directors deems to be a reasonable administrative and economic effort.

5. Application to acquire warrants shall be made by 11 September 2019 at the latest. However, the Company’s board of directors shall have the right to extend the application period for acquisitions.

C: More detailed information about the warrant programme

  1. Dilution – Assuming full subscription and exercise of all warrants offered, 1,000,000 new shares can be issued, corresponding to dilution of approximately 1.0% of the total number of existing shares and votes in the Company, but with reservation for the recalculation of the number of shares that each warrant entitles to subscribe for that may take place as a result of certain issues, etc.
  2. Costs and effects on key figures, etc. – The Company’s earnings per share will not be affected by the issue, since the warrants’ strike price exceeds the current market value of the shares at the time of the issue. The Company’s future earnings per share may be affected by the potential dilutive effect of the warrants in the event the Company reports a positive result and the strike price is lower than the market value. The warrants will be transferred at market value, which means that no taxable benefit value will arise and thus no social fees for the Company. The warrant programme will give rise to certain, limited costs in the form of external consulting fees and administration of the warrant programme.
  3. Calculation of market value. – The independent valuation institute/accounting firm Deloitte AB is calculating the market value of the warrants using the Black & Scholes valuation model.
  4. Drafting and preparations for the warrant programme. – The warrant programme has been prepared by the board of directors and members of the group management and external advisors and in accordance with guidelines for remuneration to senior executives adopted by the AGM 2018 as well in accordance with guidelines from the remuneration committee, and in consultations with major shareholders. The board of directors has thereafter decided to submit this proposal to the EGM. Apart from the executives who have participated in the drafting of this matter as per instructions from the Board of Directors, no employee who may be included in the programme has participated in the drafting of the terms.
  5. Other share-based incentive programmes, etc. – For a description of the Company’s other share-based incentive programmes, please refer to the 2018 Annual Report and the Company’s website. No other share-based incentive programmes are in effect.
  6. Authorisations and decision-making rules. – The EGM assigns the board of directors to execute the decision according to point B above. The board of directors, or the party designated by the board of directors, is authorised to make such minor adjustments that are necessary for the decision’s registration with the Swedish Companies Registration Office and Euroclear Sweden AB. The EGM’s resolution on this point is valid only if approved by shareholders with at least nine-tenths (9/10) of the votes and shares represented at the EGM. The resolution on the transfer of the warrants shall also be approved by a general meeting of the Subsidiary.

Number of shares and votes
The total number of shares in the Company as of the date hereof amounts to 101,652,970 shares, with a corresponding number of votes. The Company holds no own shares. 

Further information
Complete proposals and other documents that shall be available in accordance with the Swedish Companies Act are available at the Company at Luntmakargatan 18 in Stockholm and at the Company’s website, at least three (3) weeks in advance of the extra general meeting and will be sent to shareholders who request it and provide their e-mail or postal address.

The shareholders hereby notified regarding the right to, at the annual general meeting, request information from the board of directors and managing director according to Ch. 7 § 32 of the Swedish Companies Act.

Processing of personal data
For information on how personal data is processed in relation the meeting, see the Privacy notice available on Euroclear Sweden AB’s website: 


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: Notice of Extra General Meeting in LeoVegas AB

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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AvatarUX’s latest release PopRocks™ bursts on to the scene



AvatarUX’s-latest-release-PopRocks™-bursts-on-to-the-scene AvatarUX’s latest release PopRocks™ bursts on to the scene
AvatarUX’s-latest-release-PopRocks™-bursts-on-to-the-scene-1 AvatarUX’s latest release PopRocks™ bursts on to the sceneReading Time: 2 minutes


Cutting-edge game developer’s new title in partnership with Yggdrasil features innovative PopWins2122-2 AvatarUX’s latest release PopRocks™ bursts on to the scene mechanics

Games design studio AvatarUX is back with a bang to deliver its latest video slot, PopRocks2122-3 AvatarUX’s latest release PopRocks™ bursts on to the scene, the debut title in its PopWins2122-4 AvatarUX’s latest release PopRocks™ bursts on to the scene series and the second in its partnership with Yggdrasil and the YG Masters programme.

With up to 33,614 ways to win, this awesome game is ready to take the gaming sector by storm.

The second release from the rising star, AvatarUX’s PopRocks2122-5 AvatarUX’s latest release PopRocks™ bursts on to the scene unleashes mystical gems with arcane powers that pop and multiply, expanding to a maximum win potential of 72,188x bet.

PopRocks2122-6 AvatarUX’s latest release PopRocks™ bursts on to the scene is the first game to use the innovative new PopWins2122-7 AvatarUX’s latest release PopRocks™ bursts on to the scene mechanics, where winning symbols ‘pop’ and are replaced with two new symbols and expanding reels, giving players the chance of epic wins.

AvatarUX is an original partner studio of the YG Masters programme which allows independent studios to develop content on Yggdrasil’s platform and in partnership with the supplier. PopRocks2122-8 AvatarUX’s latest release PopRocks™ bursts on to the scene is AvatarUX’s second title launched through the partnership, following the successful release of Lilith’s Inferno last year.

Marcus Honney, Managing Director at AvatarUX, said: “We’re thrilled to announce the release of PopRocks2122-9 AvatarUX’s latest release PopRocks™ bursts on to the scene, the first title featuring our innovative PopWins2122-10 AvatarUX’s latest release PopRocks™ bursts on to the scene mechanics.

“Immersive gameplay, cutting-edge design and bringing excitement to the market is what we pride ourselves on, and with its state-of-the-art technology, PopRocks2122-11 AvatarUX’s latest release PopRocks™ bursts on to the scene is a fantastic addition to any offering and is sure to keep players coming back for more.

Stuart McCarthy, Head of Partner Strategy & Sourcing at Yggdrasil, said: “Our YG Masters programme adds significant business strategy value for our connected partners, and this innovative new title from AvatarUX perfectly showcases our aim to enhance our existing portfolio with innovative quality content from third-party studios.”

Yggdrasil’s YG Masters programme has recently been updated to form an integral part of the supplier’s new business division, Yggdrasil Franchise, which further cements its position as a global publisher of casino content through IP licensing.

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: AvatarUX’s latest release PopRocks™ bursts on to the scene

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Virtual conference addresses a vital topic of the sports betting industry on the 7th of May.

We have put together a lineup of sports betting industry experts who will join the opening panel discussion at our first virtual conference this year which will take place on the 7th of May.

You can register on this link to save your seat (no travel needed, you can attend from the comfort of your home or office)

PLEASE NOTE: If you are already a registered delegate of MARE BALTICUM Gaming Summit, you don’t have to purchase a new ticket!

Worldwide disruption of the sports events due to COVID-19 is playing a major role in the halt of the sports betting industry. Restarting the industry will not be easy and we certainly can’t get back and see the same results as we did at the end of 2019. We are speaking here about the classic sports betting industry as virtual sports, eSports, social gaming have now become very popular.

The panel discussion will be joined by Domenico Mazzola (Commercial Director at Altenar), Jakub Myszkorowski (Chief Commercial Officer at STATSCORE), Chris Nikolopoulos (CCO at BETBY) and Sergio Stankovic (Sales Director at SBTech), and will be moderated by Jaka Repanšek (Media and Gaming Expert).

As mentioned above the virtual edition of #MBGS2020VE will be held on the 7th of May and will gather 300 gambling industry professionals who can attend virtually from their internet browser. The gathering will allow virtual delegates to network at virtual tables in the virtual deal room and conduct 1 on 1 meetings with their prospects/clients/partners.

Register here

For further inquiries about the 2020 edition of CEEGC and CEEG Awards, speaking/attending/sponsoring options, make sure to send an e-mail to Andrada Bota (B2B Sales Executive at Hipther Agency) or subscribe to the weekly newsletter on the following link.

Among the supporters of the conference, you will also find Square in the Air as a strategic partner, and leading media outlets such as Online Casino Reports,, Focus Gaming News, Gioco News, iGaming Business,, Gambling Insider, InterGame, Global Legal Group, FortunaWeb, Commission Magazine, Slotegrator and much more.

Visit for more details!

For media-related inquiries, please contact Alexandru Marginean (Marketing Specialist at Hipther Agency).

MARE BALTICUM Gaming Summit Live and BSG Awards

Information about the live edition of the conference and BSG Awards, which will be held on the 6th of August, will be announced at a later stage. The online voting stage for BSG Awards 2020 has been stopped and will be reset in order to allow all participants to focus on different matters.

A new online voting stage will be started between 1 and 30 June. Further information will be released in the upcoming weeks.

MARE BALTICUM Gaming Summit, also known as the Baltic and Scandinavian Gaming Summit & Awards offers the opportunity for both new companies and veterans, to learn about industry insights and compliance update, while also being part of a group that is at the forefront of the gambling industry in Lithuania, Latvia, Estonia, Sweden, Denmark, and also from the DACH region.

The Summit approaches all regulatory and compliance related aspects of the mentioned markets and also highlights some trending topics of the gambling industry.

For more details visit

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: RESTARTING THE SPORTS BETTING INDUSTRY, a hot topic at #MBGS2020VE

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How to Make SMS Casino Deposit?



texting-1490691_1280 How to Make SMS Casino Deposit?
texting-1490691_1280-1 How to Make SMS Casino Deposit?Reading Time: 3 minutes

Mobile phones have become an irreplaceable part of our lives. Can we even imagine a life without them? In 1996, only 16% of households in the United Kingdom had a mobile phone, while in 2016 that number was 95%. Considering that nowadays most households have more than one smartphone, the numbers get even more impressive. Mobile phones affected not only our lifestyle, but many industries as well, and the casino industry is no exception. With the mobile casino industry on the rise, more and more players rely on a reliable sources of online gambling info to experience the thrill of a spinning roulette or the excitement of having the final hand in poker. This payment method is very convenient, safe and easy to use, so no wonder it is taking up the casino industry by the storm.


What is Pay by SMS? 

Pay by SMS is a payment method that is becoming widely accepted in online casinos. By sending an SMS from their mobile phones, players can deposit funds to their casino account, without using credit cards, eWallets or vouchers. The amount deposited is either deducted from their pay-as-you-go balance or added to their monthly bill.

How to Make a Deposit in a Pay by SMS Casino?

Casinos that accept Pay by SMS are widely present all over Ireland and the UK, as local teleoperators offer this service. In case your phone operator is not enabling you to make such a transaction, you can always use apps that act as a mobile payment method. Players who use apps will sometimes have to connect their credit card to the app as in most cases it won’t be possible to subtract the deposited amount from your phone.

Some of the popular apps used for SMS deposits are Boku, PayZone, Payforit, and Zimpler. Many of these apps are regulated by the FCA, so players shouldn’t have difficulties in finding a reliable app for smooth SMS transactions.

Step by Step SMS Deposit guide

Making a casino deposit via SMS can be significantly different than depositing by using traditional methods.

  • Find a casino. First and foremost, the player has to find an online casino that supports this payment method by taking a closer look at their banking section. Usually one can find out the accepted payment methods before the registration by checking the website for more details or by contacting customer support.
  • Choose the SMS payment method. Once you have registered with the online casino, go to the deposit section and find the method of your choice. Enter the amount you want to deposit.
  • Type your phone number. You will have to enter your phone number, and don’t even try to mess with other phone numbers, as the deposit won’t be successful.
  • Approve the transaction. This step may be different for different teleoperators or casinos. In most cases, you will have to enter a PIN, a code sent via SMS, or approve the transaction directly in the app.

This may seem complicated, but all the player has to do is follow the steps and not skip any of them.

Is Pay by SMS Safe and Reliable?

Pay by SMS is as reliable as any other online payment method. However, it tends to be a lot safer as you never have to give your credit card details to the third party. This is especially important for players who like to play with different casinos and try out new brands on the market. The only time one has to give credit card information is when funding the SMS pay app.

Pay by SMS is also very fast. The transactions are executed almost immediately. In comparison, the bank wire transfer may take up to 48 hours. Even though players might encounter some small fees when using pay by SMS, these are still not as high as with eWallets.

The only downside of pay by SMS is that players are not able to make a withdrawal by using this method. The main reason for this is that the technology used is simply not meant for receiving money. Most good online casinos will still offer a great number of safe alternatives that can be used to withdraw the winnings and enjoy.

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: How to Make SMS Casino Deposit?

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