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Announcement from LeoVegas 2021 Annual General Meeting

George Miller

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Announcement from LeoVegas 2021 Annual General Meeting
Reading Time: 5 minutes

 

The 2021 Annual General Meeting (AGM) of LeoVegas AB (publ) (“LeoVegas” or the “Company”) was held today, 11 May 2021, at which the shareholders approved the following resolutions. Due to the ongoing corona pandemic, the AGM was carried out through postal voting only, without physical presence.

CEO presentation
CEO, Gustaf Hagman, sums up 2020 and the start of 2021. The presentation can be seen via this link.

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
The AGM resolved, in accordance with the Board of Directors’ proposal, that of the amount available for distribution to the shareholders, totaling EUR 34,973,570, SEK 160,290,602 shall be distributed to the shareholders, corresponding to an amount of SEK 1.60 per share, and that the remainder, EUR 19,029,968 shall be carried forward. In addition, it was resolved, in accordance with the Board of Directors’ proposal, that dividends will be paid four times in the amount of SEK 0.40 per share.

Dividend no. Last trading day with dividend entitlement Record date Distribution date Amount (SEK)
1 11 May 2021 14 May 2021 19 May 2021 0.4
2 5 July 2021 7 July 2021 12 July 2021 0.4
3 5 October 2021 7 October 2021 12 October 2021 0.4
4 4 January 2022 7 January 2022 12 January 2022 0.4

DISCHARGE FROM LIABILITY
The board members and CEO were discharged from liability for the 2020 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 3,000,000 including fees for committee work (preceding year: SEK 2,800,000) and shall be paid out to the directors and committee members in the following amounts:

  • SEK 325,000 (SEK 300,000) for each non-executive director and SEK 650,000 (SEK 600,000) for the Chairman of the Board, provided that he is not an employee of the Company;
  • SEK 50,000 (SEK 50,000) for each non-executive director serving as a member of the Remuneration Committee, and SEK 100,000 (SEK 100,000) for the Remuneration Committee chair, provided that he or she is not an employee of the Company; and
  • SEK 50,000 (SEK 50,000) for each member of the Audit Committee and SEK 100,000 (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.

Per Norman, Anna Frick, Fredrik Rüden, Mathias Hallberg, Carl Larsson, Torsten Söderberg and Hélène Westholm were re-elected as directors. Per Norman was re-elected as Chairman of the Board.

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).

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 90 selected members of the management team, senior executives and key persons, 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 14 May 2021, i.e., 17 May 2021 up to and including 28 May 2021.

The warrants may be exercised for subscription of shares during the period from 1 June 2024 up to and including 30 June 2024.

The maximum dilution effect of the incentive program amounts to a maximum of approximately 1.0 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 2022 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 2022 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 percent 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.

REMUNERATION REPORT
The AGM approved the remuneration report.

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.

 

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Betway adds the Nordea Open to its Tennis sponsorship portfolio

George Miller

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Betway adds the Nordea Open to its Tennis sponsorship portfolio
Reading Time: < 1 minute

 

Global online betting and gaming company Betway and the Nordea Open are proud to announce their partnership, seeing the bookmaker become the official betting partner for the ATP event.

Taking place from July 5 to July 18, the clay court tennis tournament is one of the strongest and most popular on the tour, boasting world-class tennis talent and a venue unlike any other on the circuit.

As Sweden’s oldest and most well-attended sporting event, this announcement highlights the brand’s ever-growing commitment to sponsorship of the biggest sporting events.  Joining Betway’s impressive Tennis portfolio which already includes the Miami Open, NOVENTI OPEN and the Mercedes Cup.

Anthony Werkman, Betway CEO said: “We’re delighted to announce our partnership with Nordea Open, which is our first tennis sponsorship in Sweden.

“The tournament is universally popular with players and fans and we’re very proud to be the official betting partner.”

Christer Hult, Tournament Director said: “Nordea Open is very proud to welcome Betway as a new Main Sponsor for 2021-2023. We have a strong portfolio of sponsors with many international brands and Betway as a leading company within the gambling market will contribute to further strengthen and develop the tournament and Båstad as a meeting place.”

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Week 24/2021 slot games releases

George Miller

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Week 24/2021 slot games releases
Reading Time: 5 minutes

 

Here are this weeks latest slots releases!

he new, MGA Games adventure is now available to online casino users. The company, specialists in creating and developing premium slot games, has just released its latest production staring the elite athlete Yohanna Alonso as the main character. The quality of the slot game’s graphics and its musical production manages to immerse the player in a mythical adventure with the Vikings for the chance of winning thousands of prizes.

Yohanna Alonso Viking’s Conquest from MGA Games, in all main online casinos

 

Belatra Games, has revved up its super slots portfolio with the release of Night Racing. Get your engines into gear and race into a neon world of high octane, beautiful cars and romance. During the main game Wild symbols can appear on the second, third or fourth reels and when they do, it fills the entire reel and triggers Free Games. Once cruising in Free Games the Wild reel shifts leftwards and will continue to do so until the last one races across the screen to signal the end.

Belatra hits top gear with Night Racing release

 

Pragmatic Play, a leading content provider to the gaming industry, has released its fiery new slot, Dragon Hot Hold and Spin, packed to the brim with features and breathtaking rewards. The 3×5 Asian-inspired slot will have players breaking into a sweat with its high volatility and high-value rewards of up to 5,000x the stake! The central focus of the game is the Hold and Spin feature, with three types of Coin symbols used to unlock it. Diamond, Gold and Silver Coin symbols hold random values when they appear on the reels.

Pragmatic Play Delivers Smouldering Masterclass in Dragon Hot Hold and Spin™

 

BF Games is inviting players to pick up the sheriff badge and keep bandits in check in Wild West themed title Wild Jack Remastered™, launched exclusively with operator partner 1xBet. The game transports players into a cacti-filled land with nothing else but a bank and an isolated saloon, but action is just around the corner as the masked main character, Jack Wilds, is planning mischief. A classic 3×3 fruit slot, Wild Jack Remastered™ also features the expected sheriff badges, revolvers, and horseshoes.

BF Games launches new slot Wild Jack Remastered™ exclusively with 1xBet

 

Push Gaming has launched its first ever jackpot slot, Mount Magmas, having worked on its development with tier-one operator LeoVegas. Exclusively available to play now via LeoVegas, the red-hot slot takes players deep into the fiery Mount Magma, with a host of volcano jackpots that keep getting hotter and can erupt at any moment. Totalling 20 paylines, the 5×4 title includes both a Daily and a Mega jackpot, as well as a scorching base game with some truly searing potential.

Push Gaming and LeoVegas collaborate to release Mount Magmas Jackpots

 

 

Evoplay has announced the launch of its bubbly new underwater voyage, Gold of Sirens. The provider’s latest venture is set in Poseidon’s elusive underwater kingdom and challenges players to conquer the high seas while evading the seductive grasp of the sirens’ song. Only the bravest of players will make it past the ferocious sirens and make it to the Free Spins game, where they will have a chance to trigger a number of jackpots and collect a big win.

Evoplay launches gripping new adventure in Gold of Sirens

 

Stakelogic, the in-demand slot developer behind some of this year’s most popular games,in conjunction with Greenlogic partner, Touchstone Games are encouraging players to join the giant on his quest for gold and big wins in its latest release, Giant’s Fortune MegawaysTM. The slot uses Big Time Gaming’s revolutionary MegawaysTM mechanic to deliver up to 117,649 ways to win with every spin. Players can also take advantage of unused Wilds that land on the reels during the base game – they remain in place from round to round until they form a winning combo.

Introducing Giant’s Fortune MegawaysTM from Stakelogic

 

Play’n GO have a winning card up their sleeve with the next instalment in their Joker series, Free Reelin’ Joker. Set in funhouse-style surroundings, the Free Reelin’ Joker is finally home from his mischievous travels. He’s the roaming brother to the Joker sisters and the newest member to join the pack. Simple and classic in its style, Free Reelin’ Joker is a model slot game filled with all the features and symbols you’d expect to see in a traditional fruit machine, including fruits, sevens and Wilds.

Another Joker joins the pack in Play’n GO’s latest game

 

 

GAMING1 has announced the launch of its latest exciting slot game, Emaki and The Sevens. Combining premium quality features from the casino and video gaming sectors, the title invites players on an Eastern-style adventure with the charming Emaki and his pet dragon, discovering world-class audiovisual effects and exciting prizes along the way.

GAMING1 heads off on an epic Eastern adventure in Emaki and The Sevens

 

 

Lucksome, the new games studio powered by leading developer Blueprint Gaming, has followed up on the success of its inaugural slot release with Joker Maxima. This modern classic style slot, which launches 22nd July, is packed with a host of features to maximise player engagement, including options to tailor the gaming experience to suit personal preferences. Lady Joker acts as both a Wild and win multiplier, offering the potential to multiply a win by x16 in the base game and x24 within Free Spins.

Lucksome builds on early success with Joker Maxima

 

 

Pragmatic Play, a leading content provider to the gaming industry, draws inspiration from the heroes of Olympus in the launch of its latest slot title, Lucky Lightning. Players will find themselves in an Ancient Greek setting in the provider’s new 3×5 slot, with symbols featuring Greek gods Zeus and Hera and various staples of Greek mythology, such as the Minotaur of Crete, the legendary Griffin, and the winged horse, Pegasus. The central mechanic in Lucky Lightning is the Wild Respin feature, which is triggered randomly when a Lightning Symbol lands on the first two reels, affecting them in one of two ways.

Pragmatic Play Outlines a Classic Adventure in Lucky Lightning

 

 

Yggdrasil and Reflex Gaming have challenged players to battle the beast on top of the tower in its latest thrilling collaboration Krazy Klimber. The 3×5, 20 payline video slot sees a giant ape as the focal point of the game, looking to scale the tower in search of huge wins. The latest YG Masters title has two major features which can be triggered on any spin – the Krazy Klimber bonus game or free spins.

Yggdrasil and Reflex Gaming prepare for sky-high adventure in Krazy Klimber

 

BGaming goes in search of riches in the new Dig Dig Digger slot! Join the crazy archeologist, looking for wealth in the heart of Egypt! The charismatic and hilarious charaсter will uncover all the gold! The slot is already available at reputable casinos such as Duxcasino and PinoCasino. The Dig Dig Digger slot is a captivating adventure for every player waiting for big winnings! With HD graphics and a 5×3 scheme, Dig Dig Digger has a popular “book of” mechanic.

Grab all the gold in the Dig Dig Digger slot by BGaming!

 

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AskGamblers Successfully Held Its Charity Event and the Long-Awaited AskGamblers Awards Virtual Show

George Miller

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AskGamblers Successfully Held Its Charity Event and the Long-Awaited AskGamblers Awards Virtual Show
Reading Time: 2 minutes

 

After months of voting and anticipation about who the winners of the AskGamblers Awards race were going to be, these names are finally in, and we can’t wait to share them. Once again, our team couldn’t be more proud to have successfully held the AskGamblers Awards show and the AskGamblers Charity event.

With the much-anticipated AskGamblers Awards virtual show held last night, on 17 June 2021, at 8 pm, the race is now officially closed and the winners’ names are in. Due to the current situation, the event was held online and everyone was invited to tune in and watch the show via live stream. The AskGamblers Charity event was also held last night and, thanks to our partners, we managed to raise an incredible €65,300.

The AskGamblers’ General Manager Denis Ristic shared his gratitude by saying: “All of us at AskGamblers have invested so much time, dedication, and energy in these events, and we couldn’t wait for June 17 and the main show to start. After last night, we are thrilled with how everything went and we’d like to thank everyone who took part, for being a crucial part of the AskGamblers Awards race, and for making this entire concept so exciting! Congrats to the winners – we are extremely happy for you!”

In a joint effort with AskGamblers judges, the players had the chance to vote for one candidate in each of the following categories – the Best Casino, the Best New Casino, the Best New Slot, and the Best Software Provider, and, in doing so, had their say in choosing the winners.

Now, without further ado, here are the names of the winners per each category:

Best Casino: True Flip Casino

Best New Casino: Slot Hunter Casino

Player’s Choice Casino: SlotWolf Casino

Best Affiliate Partner: Betsson Group Affiliates

Best Affiliate Manager: Andreza Majela (Campeon Gaming Partners)

Best New Slot: Money Train 2 Slot

Best Software Provider: NoLimitCity

The entire AskGamblers team would once again like to use this opportunity to thank everyone who took part in our charity event and participated in the Awards race to help select the best of the best!

 

About AskGamblers

AskGamblers, officially acclaimed the best casino website, provides the most trusted, unbiased online casino, slot, and bonus reviews. It also features real player opinions and ratings highly valuable in the iGaming community. Thanks to its unique Casino Complaint Service, over $39 million has been returned to over 14k players thus far. Our motto is: “Get the truth. Then play!”

About AskGamblers Awards

AskGamblers Awards is an annual event within the iGaming industry organised by AskGamblers.com. The competition includes the following categories: the Best Casino, the Best New Casino, the Best New Slot, the Best Software Provider and the Best Partner. What makes AskGamblers Awards stand out is the fact players’ unique opinion is taken into consideration when pronouncing winners.

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