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Announcement from LeoVegas 2020 Annual General Meeting

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The 2020 Annual General Meeting of LeoVegas AB was held on 8 May 2020, at which the shareholders approved the following resolutions.

Adoption of the income statement and balance sheet

The AGM resolved to adopt LeoVegas’ income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet

 

Distribution of profit and dividend

The AGM resolved, in accordance with the Board of Directors’ proposal, that of the amount available for distribution to the shareholders, totaling EUR 36,317,631, SEK 142,314,158 shall be distributed to the shareholders, corresponding to an amount of SEK 1.40 per share, and that the remainder, EUR 22,758,736 shall be carried forward. In addition, it was resolved, in accordance with the Board of Directors’ proposal, that dividends will be paid out half-yearly in the amount of SEK 0.70 per share, and that the first record date for entitlement to the dividend shall be 12 May 2020, whereby dividends will be paid out via Euroclear Sweden AB on 15 May 2020, and that the second half-yearly dividend record date shall be 12 November 2020, whereby dividends will be paid out via Euroclear Sweden AB on 17 November 2020.

 

DISCHARGE FROM LIABILITY

The board members and CEO were discharged from liability for the 2019 financial year.

 

ELECTION OF THE BOARD OF DIRECTORS AND AUDITOR, AND DIRECTORS’ AND AUDITORS’ FEES

The AGM resolved that the Board of Directors shall consist of seven directors and no deputy directors. It was resolved that the Company shall have a chartered auditing firm as auditor.

In addition, it was resolved in accordance with the Nomination Committee’s proposal that directors’ fees shall amount to a total of SEK 2,800,000 including fees for committee work (preceding year: SEK 1,900,000) and shall be paid out to the directors and committee members in the following amounts:

SEK 300,000 for each non-executive director and SEK 600,000 for the Chairman of the Board, provided that he is not an employee of the Company;

SEK 50,000 for each non-executive director serving as a member of the Remuneration Committee, and SEK 100,000 for the Remuneration Committee chair, provided that he or she is not an employee of the Company; and

SEK 50,000 for each member of the Audit Committee and SEK 100,000 for the Audit Committee chair.

In addition, it was resolved that the auditor’s fees shall be paid in accordance with approved invoices.

Anna Frick and Fredrik Rüdén were re-elected as directors on the Board. Hélène Westholm, Mathias Hallberg, Carl Larsson, Per Norman och Torsten Söderberg were elected as a new directors. Per Norman was elected as Chairman of the Board. Robin Ramm-Ericson, Mårten Forste and Tuva Palm declined re-election.

PricewaterhouseCoopers AB was re-elected as the Company’s auditor. PricewaterhouseCoopers AB has announced that Authorised Public Accountant Aleksander Lyckow will continue as auditor-in-charge.

 

PRINCIPLES FOR APPOINTMENT OF THE NOMINATION COMMITTEE

The AGM resolved to adopt principles for appointment of the Nomination Committee in accordance with the Nomination Committee’s proposal (unchanged principles from the preceding year in all essential respects).

 

GUIDELINES FOR REMUNERATION OF SENIOR EXECUTIVES

The AGM resolved in accordance with the Board’s proposal to adopt guidelines for remuneration of senior executives.

 

WARRANT BASED INCENTIVE PROGRAM FOR EXECUTIVE MANAGEMENT AND KEY INDIVIDUALS

The AGM 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 approximately EUR 12,000. The warrants shall entitle to subscription of new shares in the Company.

The warrants shall be subscribed for by the subsidiary 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 shall be determined to 130 percent of the volume weighted average price for the Company’s share on Nasdaq Stockholm during the period of five trading days starting with the day following 12 May 2020.

The warrants may be exercised for subscription of shares during the period from 1 June 2023 up to and including 30 June 2023.

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.

 

AUTHORIZATION FOR THE BOARD OF DIRECTORS TO DECIDE ON REPURCHASE AND TRANSFER OF OWN SHARES

The AGM resolved, in accordance with the Board’s proposal, to authorize the Board of Directors to decide on purchases of the company’s own shares. Share repurchases may be made only on Nasdaq Stockholm or any other regulated market. The authorization may be exercised on one or more occasions before the 2021 Annual General Meeting. The maximum number of own shares that may be repurchased so that the Company’s holding of shares at any given time does not exceed 10 percent of the total number of shares in the Company. Repurchases of the Company’s own shares on Nasdaq Stockholm may only be made at a price within the range of the highest purchase price and lowest selling price at any given time. Payment for the shares shall be made in cash.

The AGM also resolved, in accordance with the Board’s proposal, to authorize the Board of Directors to to decide on transfers of own shares, with or without deviation from the shareholders’ preferential rights. Transfers may be made on (i) Nasdaq Stockholm or (ii) outside of Nasdaq Stockholm in connection with acquisitions of companies, operations or assets. The authorization may be exercised on one or more occasions before the 2021 Annual General Meeting. The maximum number of shares that may be transferred corresponds to the number of shares held by the Company at the point in time of the Board of Directors’ decision on the transfer. Transfers of shares on Nasdaq Stockholm may only be made at a price within the range of the highest purchase price and lowest selling price at any given time. For transfers outside of Nasdaq Stockholm, the price shall be set so that the transfer is made at market terms. Payment for transferred shares may be made in cash, through in-kind payment, or through set-off against claims with the Company.

The purpose of the authorizations is to give the Board of Directors greater scope to act and the opportunity to adapt and improve the Company’s capital structure and thereby create further shareholder value and take advantage of any attractive acquisition opportunities.

 

AUTHORIZATION FOR THE BOARD OF DIRECTORS TO DECIDE ON NEW ISSUE OF SHARES

The AGM resolved, in accordance with the Board’s proposal, to authorize the Board of Directors, on one or more occasions, during the time up until the next Annual General Meeting, to decide to increase the Company’s share capital through a new issue of shares to such extent that it corresponds to a dilution of a maximum of 10% of the number of shares outstanding at the time of the Annual General Meeting calculated after full exercise of the issue authorization now proposed. A new issue of shares may be carried out with or without deviation from the shareholders’ preferential rights. Shares issued with deviation from the shareholders’ preferential rights shall be issued at market terms. The Board of Directors shall have the right to decide on other terms for the issue. Payment may be made against cash payment, in-kind payment for through set-off against claims with the Company.

The purpose of the authorization is to give the Board of Directors greater scope to act and the opportunity to adapt and improve the Company’s capital structure and thereby create further shareholder value and take advantage of any attractive acquisition opportunities.

For detailed terms regarding the above-described resolutions at the AGM, please refer to the complete proposals, which are available on the Company’s website: www.leovegasgroup.com.


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: Announcement from LeoVegas 2020 Annual General Meeting

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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Week 33/2020 slot games releases

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Here are this weeks latest slots releases!

Iron Dog Studio is taking players back in time and to the dawn of Megaways2122-52 Week 33/2020 slot games releases with its latest blockbuster release that becomes the first Megaways2122-53 Week 33/2020 slot games releases slot to offer more than one million ways to win. 1 Million Megaways2122-54 Week 33/2020 slot games releases BC takes players on a journey back to the Ice Age where the beasts, and the slots, run wild. But if they can survive this harsh and rugged environment, they are rewarded with up to 1,058,841 ways to win. In the base game, every winning tumble increases the global multiplier up to a maximum of x8. Four tumbles in a row will trigger the Free Spins Bonus and given that there are 117,649 ways to win with every spin in the base game, players can enter the bonus with a x1,500 stake win.

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OneTouch is challenging players to embrace the dark side with the launch of its ghostly new slot, Tiki Terror. The 5×4 title invites players to an amphibious world packed with humanoid-style Tiki symbols and eerily immersive sounds, as winning combinations set the terrifying Tiki masks alight. This otherworldly new game challenges customers to match symbols on its fixed 50 paylines, with sticky Wilds and free spins available for those who successfully brave its enchanted gameplay. Landing six or more Free Games symbols triggers the bonus round, with the innovative cashback feature granting players half their total bet, multiplied by the number of Free Games.

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Black Forest is the latest slot title of Spearhead Studios, the gaming company within EveryMatrix Group.  Inspired by the fairy tale mythology associated with this historical German woodland, Black Forest is a slot designed with the German market in mind. The dark, magical theme sets the player in a fantasy world filled with mystery. The medium-volatility slot offers Random Wilds, Free Spins, Expanding Symbols and a Card Gamble option, and the woodland creatures can bring wins of 2,200x. Available in the 96.04% RTP variant.

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iSoftBet, is inviting players to spin the reels in the lavish VIP Lounges of one of the world’s most exciting gambling destinations in new title Macau High Roller. This 3×5 slot is the latest addition to a growing portfolio, bringing all the glitz and glamour of a big-stakes table to a player’s fingertips as they search for three Free Spins symbols to trigger the bonus. When the bonus round is awarded, players are granted free spins where any chips which land are instantly cashed in, while the Macau Money Spin, which can trigger randomly on any spin in base play, will also see any chips instantly exchanged for cash payouts.

Macau-High-Roller Week 33/2020 slot games releases

 

 
Yggdrasil, has released Football Glorya 5×4 footie-inspired slot set in a packed stadium. The new title is released just weeks before major European leagues kick off their new seasons. The game comes with a generous All Stars free spins mode where players try to score a goal when they land on the reels. If the ball hits the back of the net, symbols are transformed into a sticky wild, offering increased chances to walk away with a valuable victory. The Silver and Gold Cup symbols offer coin wins or free spins while all wins within the base game increase the Glory Bar which, once filled, triggers the Supers Stars and All Stars free spins.

Football-Glory Week 33/2020 slot games releases

 

 
RubyPlay® has announced the general release of a new slot called Sun of Ra, having been exclusively released with GVC last week. The game invites players to bask in the power of the Egyptian sun as Ra, the Sun god and king of the Egyptian gods. Ra was revered as the creator of everything and now is your opportunity to discover the mystical secrets and treasures of ancient Egypt as you spin the reels. The Sun of Ra slot is filled with features. Any Wild symbol can open the door to impressive payouts with the Jackpot Pick feature, where matching 3 coins awards a guaranteed jackpot. The Sunlight Spins’ hold and spin feature is triggered by 6+ coins, while 3+ scatters can activate Sunlight Spins or award free games with added wilds.

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Blueprint Gaming has released its latest slot based on the iconic Deal or No Deal brand, which features the developer’s newly launched bonus concept, Lightning Spins2122-55 Week 33/2020 slot games releases. Players are once again invited to take on the banker, this time with the innovative Lightning Spins2122-56 Week 33/2020 slot games releases adding a new twist to the gameplay with four in-game progressive jackpots and plenty of cash prizes to be revealed from the famous red and blue boxes. The new game is also the first to feature the exciting new Lightning Gold Spins symbols, which are fixed in position during the bonus and pay after every lightning spin, resulting in smaller wins building into significant prizes over the course of multiple free spins.

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Pragmatic Play, a leading content provider to the gaming industry, has brought back its much-loved dog characters with its latest title, The Dog House Megaways2122-57 Week 33/2020 slot games releases. The 117,649 payline game is the newest in Pragmatic Play’s Megaways2122-58 Week 33/2020 slot games releases slot offering and includes all the popular elements of its predecessor along with some exciting new features. If four “Dog Paw Bonus” symbols land, then players are given a choice of Free Spins, either the “Sticky Wilds” or “Raining Wilds” modes. The “Sticky Wilds” offer less spins but higher win potential, with players able to win up to 12,305x their stake.

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The latest title from Play’n GO was officially released into the market this week, the 5-reel video slot Saxon. The slot is a tribute to the carefree, freewheeling days of the eighties set to the soundtrack of one of British heavy metal’s most influential bands, Saxon, with players able to pick from several of their songs to listen to while playing. One of the era’s biggest European acts, their legacy has influenced several bands over the years, including top acts like Metallica and Megadeth. Similar to some of their earlier 2020 releases, most notably Annihilator, Saxon also brings a high level of animation into play as part of the game’s entertainment.

saxon-slot Week 33/2020 slot games releases

 

 
Vibra Gaming, has launched its latest slot game, called Patagonia Wild. The game provides players with an immersive natural environment that changes based on changing seasons. There are loads of features and prizes available for players as well. Ramiro Atucha, CEO at Vibra Gaming, said: “This is one of those places in the world that truly show how beautiful our planet is and it felt great to turn it into good entertainment with prizes that can even top nature.“

patagonia-wild-2 Week 33/2020 slot games releases

 


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: Week 33/2020 slot games releases

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Greece Prohibits Advertisement on Online Slots

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The Greek government has implemented tough norms on online gaming and advertising. As per the new norms, the maximum stakes of random number generator (RNG) games is limited to of €2, and maximum prizes are limited to €5000.

The slot games  should not be advertised anywhere outside of an operator’s own website. Gambling products other than slots can be advertised on social media but the operators must ensure that the ads are viewed only by persons over the age of 21.

There are several other provisions.

Online players now need to fix loss and time limits for play, and operators must inform players when they reach 80% of their limit.

Casino games will have a prize limit of €70,000 and sports betting will have a prize limit of €500,000 per bet.

Fees for for seven-year licences have been fixed at €3million for online betting and €2million for other forms of gaming.


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: Greece Prohibits Advertisement on Online Slots

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Globe Renews Partnership Deal with Mineski

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Globe Gaming, the gaming company based in the Philippines, has renewed its partnership with Mineski Philippines, the country’s leading esports agency. The two companies will focus on developing Liyab Esports and the Philippine Pro Gaming League (PPGL).

Team Liyab will be expanded  with the inclusion of a team for League of Legends Wild Rift.

PPGL will also be made bigger and better by the inclusion of community leagues.

“Our partnership has been very fruitful for both Mineski and Globe,” shares Jil Bausa-Go, VP for Get Entertained Tribe at Globe. “It is a journey marked with milestones which helped make Liyab, PPGL and our continuing vision for Philippine esports grow stronger and more resilient.”

Ronald Robins, Founder and CEO of Mineski Global echoes this excitement for renewed ties with the telco giant: “This is definitely an exciting new chapter for us, and we are happy to have our partners at Globe remain steadfast and committed in accelerating our efforts to grow the esports industry. Unfazed by the current situation, our collaboration pledges to further promote the importance of esports, and the communities that support it in both the local and global stages.”


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: Globe Renews Partnership Deal with Mineski

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