GAN PLC GAN Chief Financial Officer Transition (5936N)
10 August 2017 - 4:02PM
UK Regulatory
TIDMGAN
RNS Number : 5936N
GAN PLC
10 August 2017
LONDON STOCK EXCHANGE (LSE): GAN | IRISH STOCK EXCHANGE (ISE):
GAME
GAN Chief Financial Officer Transition
Desmond Glass to Depart in Q4 2017 as CFO role relocates to Las
Vegas
London & Dublin | August 10, 2017: GAN plc ("GAN" or the
"Company") a leading B2B supplier of Internet gaming enterprise
software-as-a-service solutions to the US land-based casino
Industry, today announces the Group's Chief Financial Officer
("CFO") role will relocate from London to GAN's US operations in
Las Vegas commencing in Q4 2017 following interim H1 2017 results
in September.
The CFO role transition better reflects GAN's continued growth
in the North American market. This follows the relocation of the
CEO's role to Las Vegas in Summer 2015; the relocation of the Chief
Information Officer role to Las Vegas in Summer 2016; and the
appointment of Las Vegas-resident Mr Seamus McGill as Chairman in
April 2017, all of which have proven instrumental in accelerating
growth of Simulated Gaming for GAN's thirteen US casino clients
coast-to-coast as well as GAN's New Jersey real money Internet
casino gaming services delivered to PaddyPower Betfair plc.
GAN's CFO and Company Secretary Desmond Glass has decided not to
transition to the United States at this time in order to pursue
UK-based opportunities.
Management Commentary
Dermot Smurfit, CEO of GAN commented:
"After a successful multi-year period with GAN, and having been
instrumental in preparing the Group for its successful public
listing in November 2013, Desmond leaves behind a strong legacy
best represented by GAN's growing business in the US and selected
regulated Internet gaming markets in Europe. We wish Desmond every
success in the future. The relocation of the CFO role from London
to Las Vegas aligns with GAN's medium term strategy to seek
admission to the US capital markets. Desmond will remain CFO in
London until October and I expect that the new US-based CFO will be
announced with our interim results on or before September 30, 2017.
I look forward to working with Desmond closely in the coming months
to prepare for the transition of his responsibilities."
For further information please contact:
GAN Investors: The Equity Group
Dermot Smurfit Adam Prior
Chief Executive Officer aprior@equityny.com
+44 (0) 20 7292 6262 212.371.8660
dsmurfit@GAN.com
Davy (Nominated Adviser, ESM Adviser and Joint Broker)
John Frain / Barry Murphy
+353 1 679 6363
Liberum (Joint Broker)
Neil Patel / Cameron Duncan
+44 (0) 20 3100 2000
This information is provided by RNS
The company news service from the London Stock Exchange
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