REG - B90 Holdings PLC - Extraordinary General Meeting

B90 HoldingsAnnouncement

20/09/2022 15:45

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RNS Number : 0330A  B90 Holdings PLC  20 September 2022

For immediate release: 20 September 2022

B90 Holdings plc

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

Requisition to Convene an Extraordinary General Meeting

B90 Holdings plc (AIM: B90) announces that it has received a letter on behalf
of a group of shareholders in the Company, requisitioning an extraordinary
general meeting ("EGM") of the Company's shareholders (the "Requisition")
under section 67(2) of the Isle of Man Companies Act 2006 ("Act").

The Requisition proposes the following matters to be included on the agenda:

·    The removal of Mr Karim Peer as Executive Chairman and as director of
the Company

·    The election of additional directors:

1.    Mr. Ronny Ingvar Breivik

2.    Mr. Martin Fleisje

Any appointments to the board of an AIM company are subject to the
satisfactory completion of regulatory due diligence and appropriateness checks
by the Company's Nominated Adviser. No such checks have been commenced.

The board of directors intends to comply with its obligations in accordance
with the Act and a circular convening the extraordinary general meeting will
be posted to Shareholders as soon as practicable.

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

"The Board is perplexed by this requisition, which it believes will only serve
to waste valuable Company time and money.  The Board remains fully supportive
of Karim Peer and are steadfast in our support for his leadership, as well as
the current growth strategy articulated to shareholders."

Shareholders are advised to take no action at this time. Further announcements
will be made as appropriate.

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) no. 596/2014, as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018, as amended. On the publication of this
announcement via a Regulatory Information Service, this inside information is
now considered to be in the public domain.

 

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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