BrowseRule 26 Information

CLICK THE + SYMBOL TO READ MORE

GAN is a leading developer and supplier of online gaming content and enterprise-level business to business gaming software systems.

The Company has developed an Internet Gaming System (“IGS”), which it licenses to online and land- based gaming operators as a turn-key technology solution for both regulated real-money and simulated online gaming. The IGS, developed in London under a UKGC license, is certified to the highest technical standards currently required by gaming regulators.

The IGS includes a gaming content platform which enables the distribution of a comprehensive range of proprietary and third party gaming content to online gaming operators.

GAN develops online casino games and converts offline casino slot machines into online equivalents on behalf of third party land-based slot machine manufacturers.

The Company also operates a licensed business to customer website under the brand MoneyGaming.com in the UK, which offers a suite of skill, casino table and third party slot games to end-users.

EUROPE

GAN has an established business in Europe, licensing its gaming content platform to UK, Spanish and Italian gaming operators including, PaddyPower, William Hill, Rank, Lottomatica, Sisal MatchPoint, and SNAI. GAN has also licensed instances of the IGS to European land-based casino operators, including Rank in the recently regulated Spanish market. GAN has strategically positioned itself as a first mover and is actively seeking to replicate this successful approach in regulating markets in Europe.

UNITED STATES

GAN has been developing its presence in the US since 2009 and established a dedicated US office in Las Vegas, Nevada in 2013. In October 2013, the company completed its first significant US transaction with the sale of a version of its IGS to Aristocrat Technologies. In New Jersey, GAN has partnered with Betfair to provide Trump Plaza Hotel and Casino with its IGS to offer regulated real-money online gaming from November 2013.

In unregulated US states, GAN offers a monetized virtual credit gaming solution (known as “simulated gaming”) to land-based casino operators seeking to build their online brand in preparation for the regulation of real-money online gaming. In Connecticut, GAN has licensed a version of the IGS to the Mashantucket Pequot Tribal Nation (owners and operators of the Foxwood’s Casino Resort) to offer simulated gaming in expectation of intra-State regulation in Connecticut in 2015.

GAN is incorporated in England and Wales, registered number 03883658. The United Kingdom is the company’s main country of operation.

Dermot S Smurfit (aged 42) (Chief Executive Officer)

Dermot joined GAN in 2002. Dermot previously worked in the European Investment Banking team of SoundView Technology Group. Dermot has operational and management experience in online gaming through his experience with GAN, together with M&A, strategic advisory and private equity financing experience in the gaming technology industry. Dermot is a qualified (non-practicing) UK lawyer specialized in corporate finance. Dermot’s education encompasses an LLB in Law from Exeter University, the Legal Practice Course from the College of Law (UK) and the Investment & Corporate Finance Advisory qualification from the UK’s Financial Conduct Authority.

Seamus McGill (aged 65) (Non–Executive Chairman)

Seamus McGill: Age 65. Seamus joined the Board of GAN in April of 2014. Seamus has 18 years’ experience in the gaming and technology industries and served as the President of Joingo, a mobile software company in San Jose, California with overall responsibility for company growth and financial performance.  Seamus left Joingo at the end of 2015 to devote more time to his Director’s role at GAN and in 2017 he was elected to the position of Non-Executive Chairman. Prior to Joingo, Seamus spent five years at Aristocrat Technologies, the second largest manufacturer of slots machines and gaming solutions in the world.  At Aristocrat, he was Chief Operating Officer of the Americas with responsibility for the North American, Canadian and Latin American markets.  Prior to Aristocrat, he held senior positions at Cyberview Technology, WMS Gaming Inc. and Mikohn Gaming Corporation. Seamus is still very active in the Gaming Industry and consults for several companies through his own firm, McGill Consulting.

Michael Smurfit Jr. (aged 51) (Non–Executive Director)

Michael joined the Board of GAN in June 2008. Michael is Chief Executive of S.F. Investments, a privately held company that manages worldwide investments on behalf of the Smurfit family. Michael is a director of a number of companies, including Inflection Bioscience and The K Club Limited. Michael previously held a number of senior positions within the Jefferson Smurfit Group both in Europe and the US.

Roger Kendrick (aged 70) (Non–Executive Director)

Roger joined the Board of GAN in June 2008. Roger is an entrepreneur and an experienced non-executive director, representing both private equity investors and personal investments. Roger has a track record of investing in numerous high growth companies, including gaming and Internet businesses and has significant experience of acquisitions and disposals. Roger has a BA in Business Finance and an MSc (MBA) from London Business School.

The Directors have established an audit committee, a remuneration committee, and a nomination committee with formally delegated rules and responsibilities. Each of the committees currently comprises the non-executive Directors and will meet regularly, and at least twice each year.

The Audit Committee
The audit committee is responsible for ensuring that the financial performance of the Company is properly reported on and monitored and for meeting the auditors and reviewing the reports from the auditors relating to accounts and internal control systems. It will meet at least once a year with the auditors without executive Directors present. The audit committee is comprised of Roger Kendrick, Seamus McGill and Michael Smurfit Jr. and will be chaired by Roger Kendrick. Roger Kendrick is deemed to have recent and relevant financial experience and is the audit committee financial expert.

The Remuneration Committee
The remuneration committee reviews the performance of the executive Directors, sets and reviews the scale, structure, and basis of their remuneration and the terms of their service agreements with due regard to the interests of Shareholders. In determining the remuneration of executive Directors, the remuneration committee will seek to enable the Company to attract and retain staff of the highest calibre. The remuneration committee will also make recommendations to the Board concerning the allocation of share options to employees. No Director is permitted to participate in discussions or decisions concerning his own remuneration. The remuneration committee is chaired by Seamus McGill and comprised of Roger Kendrick and Michael Smurfit Jr.

The Nomination Committee
The nomination committee is responsible for reviewing the size, structure, and composition of the Board, succession planning, the appointment of replacement and/or additional directors and for making the appropriate recommendations to the Board. The committee is comprised of Michael Smurfit Jr., Roger Kendrick and Seamus McGill and will be chaired by Michael Smurfit Jr.

GAN plc is incorporated in the United Kingdom (registered number 03883658).
The United Kingdom is also GAN’s main country of operation.

The rights of shareholders may be different from the rights of shareholders in an Irish incorporated company.

Please click on the link below to access Company announcements.

Registrar

Capita Registrars Limited

Advisors

Nominated Adviser, AIM and ESM Adviser and Broker
Solicitors to the Company, Addleshaw Goddard LLP
Reporting Accountant & Auditors, BDO LLP
Investor Relations and Media Advisors, Investors: The Equity Group

GAN plc is listed on the AIM market of the London Stock Exchange (Ticker: GAN) and the Enterprise Securities Market (ESM) of the Irish Stock Exchange (Ticker: GAME).

Total number of shares issued: 70,051,924
Number of shares (if any) held in treasury: Nil
Shareholders with >3% of total issued:

Pursuant to the AIM Rules, and insofar as the Company is aware, as at 15 December 2017, 33.96% of the Company’s AIM securities were not in public hands.

As an AIM listed Group, GAN plc is not required to follow the provisions of the UK Corporate Governance Code (the Code). The Board however recognizes the importance and value of good corporate governance procedures and accordingly have selected those elements of the Code that they consider relevant and appropriate to the Group, given its size and structure.

The Company is subject to the City Code on Takeovers and Mergers.

For investor relations or media queries,
please contact INVESTORS: THE EQUITY GROUP.