CORRECTING and REPLACING GAN Chief Financial Officer Transition
11 August 2017 - 10:58PM
Business Wire
Desmond Glass to Depart in Q4 2017 as CFO
role relocates to Las Vegas
Please replace the release dated August 10, 2017 with the
following corrected version due to multiple revisions.
The corrected release reads:
GAN CHIEF FINANCIAL OFFICER
TRANSITION
Desmond Glass to Depart in Q4 2017 as CFO
role relocates to Las Vegas
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.”
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170810005719/en/
GANDermot Smurfit, +44 (0) 20-7292-6262Chief Executive
Officerdsmurfit@GAN.comorDavy(Nominated Adviser, ESM
Adviser & Joint Broker)John Frain / Barry Murphy,
+353-1-679-6363orInvestors: The Equity GroupAdam Prior,
212-371-8660aprior@equityny.comorLiberum(Joint
Broker)Neil Patel / Cameron Duncan, +44 (0) 20-3100-2000
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