REG - B90 Holdings PLC - Director Dealing

B90 HoldingsAnnouncement

18/10/2022 07:00

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RNS Number : 1786D  B90 Holdings PLC  18 October 2022

18 October 2022

 

B90 Holdings plc

("B90", the "Company" or "Group")

 

Director Dealing

 

B90 Holdings plc (AIM: B90), the online marketing and operating company for
the gaming industry, announces that Mr Ronny Ingvar Breivik has satisfied a
debt owed by Entercreation Limited, a corporate entity majority owned by Mr
Breivik, to The Nestegg BV, a corporate entity wholly owned by Mark Rosman,
Senior Non-Executive Director of B90, by the transfer of, in aggregate,
9,000,000 ordinary shares of no par value in the Company ("Ordinary Shares").

 

Mr Breivik is a substantial shareholder in Performance Media SIA, one of the
Requisitioning Shareholders  proposing, inter alia, the appointment of Mr
Breivik as a director of the Company, as notified to the market on 20
September 2022 and 27 September 2022; about which further information is set
out in the Company's announcement of 17 October 2022 and the circular sent to
the Company's shareholders on that date, which is also available on the
Company's website.

 

The Board is extremely surprised that Mr Breivik, who together with the
Requisitioning Shareholders, is trying to secure his appointment to the Board,
and the removal of Karim Peer as Executive Chairman and Mr Nigel Eastwood as a
director of the Company, would choose to satisfy the debt owed to The Nestegg
BV in this way, thereby diminishing his interest in the Company's share
capital, at the same time as he is seeking to become a Board Director.

 

Following the transfer of Ordinary Shares to Mr Rosman, Mr Rosman is now
interested in 23,419,019 Ordinary Shares in the Company, representing 8.3% of
the entire issued share capital of the Company.

 

The Company reiterates the Board's recommendation that shareholders vote
against all four proposed resolutions at the Extraordinary General Meeting to
be held on 7 November 2022.

 

Mark Rosman, Senior Non-Executive Director, B90 said:

 

"We are increasingly confused by the actions of Mr Breivik who, while seeking
to join the Board, has recently served conditional notice terminating his
engagement with B90 Ventures Ltd and is now significantly reducing his
shareholding in the Company. The Board continues to urge all shareholders to
vote against the resolutions at the forthcoming EGM."

 

 1   Details of the persons discharging managerial responsibilities
 a)  Name                                                           Mark Rosman

 2   Reason for the notification
 a)  Position/status                                                Senior Non-Executive Director

 b)  Initial notification /Amendment                                Initial notification
 3   Details  of  the  issuer
 a)  Name                                                           B90 Holdings plc
 b)  LEI                                                            2138007KWLZHV5I1A979

 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial  instrument, type of instrument   Ordinary Shares of no par value

     Identification code                                            ISIN for Ordinary Shares: IM00BYT32K14

 b)  Nature of the transaction                                      Receipt of ordinary shares as repayment consideration for a loan to
                                                                    Entercreation Limited

 c)  Price(s) and volume(s)                                         Price(s)  Volume(s)
                                                                    4.75p     9,000,000
 d)  Aggregated information                                         9,000,000 at implied price of 4.75p per Ordinary Share

     - Aggregated volume

     - Price

 e)  Date of the transaction                                        17 October 2022
 f)  Place of the transaction                                       XLON

d)

Aggregated information

- Aggregated volume

- Price

 

9,000,000 at implied price of 4.75p per Ordinary Share

e)

Date of the transaction

17 October 2022

f)

Place of the transaction

XLON

 

 

 

-ends-

 

For further information please contact:

 

B90 Holdings
plc
                  +44 (0)1624 605 764

Karim Peer, Executive Chairman

Marcel Noordeloos, Chief Financial Officer

Strand Hanson Limited (Nominated
Adviser)                                +44
(0)20 7409 3494

James Harris / Richard Johnson / Rob Patrick

Arden Partners plc
(Broker)
+44 (0)20 7614 5900

Ruari McGirr

Belvedere (Financial PR & IR)
 
+44 (0)20 3008 6864

John West / Llewellyn Angus

About B90 Holdings plc

B90 Holdings plc is a group of companies focused on the operation of its own
online Sportsbook and Casino product as well as marketing activities for other
online gaming companies.

www.b90holdings.com (http://www.b90holdings.com/)

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