GAN plc Files for UK Scheme of Arrangement in Preparation for NASDAQ Listing
- Files for UK Scheme of Arrangement as a major step towards NASDAQ listing following the confidential filing of an F-1 on 31 January 2020 with the US Securities and Exchange Commission
- Offer of 1 share in NASDAQ-listed holding company for every 4 shares in GAN plc in order to meet NASDAQ listing requirements by way of share consolidation
- Selected NASDAQ as its listing venue given its reputation for bringing together the world’s leading software-as-a-service (“SaaS”) companies, increasing exposure within the investment community while requiring compliance with higher governance standards and providing investors and clients with greater transparency of GAN plc’s business
- Offer includes an incremental 2.32p in cash, per share in GAN plc
- 17.6M shareholder votes already committed to support the transaction as on 3 March 2020 by way of Irrevocable undertakings
LONDON – 3 March, 2020: GAN plc (LSE:GAN):
New Corporate Structure
GAN plc (“GAN UK”) today announces the initiation of a process to change the corporate structure of GAN UK and its subsidiaries (the “Group”) by establishing GAN Bermuda, a new Bermuda-incorporated parent company, at the head of the Group (the “Redomiciliation”).…
