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LeoVegas Press Releases

LeoVegas adds the role Chief Compliance & Legal Officer to Group Management

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Nomination Committee appointed for LeoVegas ahead of 2020 Annual General Meeting
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LeoVegas is further strengthening its organisation in the area of compliance and legal affairs. In connection with this, a new role – Chief Compliance & Legal Officer (CCLO) – is being established in LeoVegas’ Group Management. 

LeoVegas is focusing heavily on compliance by providing training throughout the entire organisation and expanding the teams in these areas. LeoVegas has begun recruitment for a person to serve in the new CCLO role with seat in Group Management. The role includes an overall responsibility for the Group’s work in compliance and legal affairs. It includes, all relationships with authorities and licensors, as well as developing and managing the daily work within the area of responsibility.

Until the position has been permanently filled, LeoVegas has arrived at an interim solution for the near term by appointing attorney Anders Fast through a so-called secondment. Anders Fast is currently Managing Partner at the law firm Baker McKenzie’s Stockholm office and has a solid background with nearly 20 years of experience in the legal profession, with a wide focus on various sectors and companies.

“In a phase in which the industry is maturing and focus on compliance is rising, at the same time that our regulated revenue is growing sharply, the timing is now right to put a CCLO role in place. I am very happy that Anders will take on the CCLO role until we have found the right person long term. Anders has served as a legal adviser to LeoVegas since the start and knows the industry inside and out, which gives him a head start. Our focus on compliance is a prerequisite for us in our work on reaching our financial targets for 2020 and thereby achieving sustainable and long-term strong growth,” comments Gustaf Hagman, Group CEO.

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LeoVegas Group granted new nationwide license in Germany

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LeoVegas Group granted new nationwide license in Germany
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LeoVegas Group has been granted a new gaming license by the German Federal States’ Joint Gambling Authority (GGL). Germany is one of Europe’s largest igaming markets, and under the new license, LeoVegas will be able to offer and market virtual slots nationwide.

The German Federal States’ Joint Gambling Authority, Gemeinsamen Glücksspielbehörde der Länder (GGL), has granted LVSports Limited, an entity of LeoVegas Group, a new gaming license, enabling the Group to start offering virtual slot machines across all sixteen German states and conduct nationwide marketing. This is a significant opportunity for the Group that provides access to Europe’s largest igaming market.

Gustaf Hagman, CEO at LeoVegas Group, said ”We are looking forward to launching LeoVegas in Germany under the new nationwide license. With our track record of regulated markets, we will ensure the greatest igaming experience with a high level of consumer protection.”

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LeoVegas repurchases bonds

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LeoVegas repurchases bonds
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Reference is made to LeoVegas AB’s (publ) (“LeoVegas”) senior unsecured bonds with ISIN SE0015242854 (the ”Bonds”) and the terms and conditions for the Bonds (the ”Terms and Conditions”).

As announced by LeoVegas by way of a press release on 23 September 2022 and by a notice regarding a de-listing of the shares of LeoVegas from Nasdaq Stockholm to the bondholders and the agent the same day, bondholders have, as a result of the de-listing, had a right to request that LeoVegas repurchases Bonds during a certain time period.

The repurchase offer expired yesterday on 28 November 2022 and has thereby been declared concluded. Bondholders have, in connection with the repurchase offer, accepted repurchases of Bonds in a total nominal amount of SEK 115 million. Together with the previous repurchase offer, which expired on 14 November 2022, LeoVegas thereby repurchases Bonds in an aggregate nominal amount of SEK 318.75 million.

The price for repurchased Bonds is 101.00 per cent of the nominal amount and will be paid together with accrued and unpaid interest for the Bonds on the settlement date, which will occur on 2 December 2022.

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Latest News

LeoVegas repurchases bonds

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LeoVegas repurchases bonds
Reading Time: < 1 minute

 

Reference is made to LeoVegas AB’s senior unsecured bonds with ISIN SE0015242854 (the ”Bonds”) and the terms and conditions for the Bonds (the ”Terms and Conditions”).

As announced by LeoVegas by way of a press release on 8 September 2022 and by a notice regarding a Change of Control Event to the bondholders and the agent the same day, bondholders have, as a result of the change of control, had a right to request that LeoVegas repurchases Bonds during a certain time period.

The repurchase offer expired yesterday on 14 November 2022 and has thereby been declared concluded. Bondholders have, in connection with the repurchase offer, accepted repurchases of Bonds in a total nominal amount of SEK 203.75 million. The price for repurchased Bonds is 101.00 per cent. of the nominal amount and will be paid together with accrued and unpaid interest for the Bonds on the settlement date, which will occur on 22 November 2022.

The abovementioned notice to the bondholders and the agent and further information regarding the terms and conditions for the repurchase offer are available at the company’s website,  under Investor Relations.

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