GAN PLC GAN Announces Chief Financial Officer Transition (7426Y)
13 May 2019 - 4:01PM
UK Regulatory
TIDMGAN
RNS Number : 7426Y
GAN PLC
13 May 2019
LONDON STOCK EXCHANGE (LSE): GAN - EURONEXT DUBLIN (EURONEXT
GROWTH): GAME
GAN Announces Chief Financial Officer Transition
Richard Santiago to Depart in Q3 2019 to Pursue an Alternative
Opportunity. Mr. Rey del Valle appointed Chief Financial
Officer-designate
London & Dublin | May 13, 2019: GAN plc ("GAN" or the
"Company") a leading B2B supplier of Internet gambling enterprise
software-as-a-service solutions to the US land-based casino
Industry, today announces the Company's Chief Financial Officer
("CFO") and executive Director Richard Santiago will leave GAN
effective 19 July 2019 to pursue an alternative opportunity in an
unrelated Industry. As a result, GAN today announces the
appointment of Mr. Rey del Valle as Chief Financial
Officer-designate, who brings to GAN his significant financial
experience in online gaming, with both deep U.S. Tech industry
knowledge and specialist expertise relating to the financial
operations of U.S. listed companies.
Management Commentary
Dermot Smurfit, CEO of GAN commented:
"I would like to congratulate Richard on the opportunity he has
secured in an unrelated Industry. I look forward to continuing to
work closely with Richard and the finance team in the months ahead
as we onboard his successor Rey del Valle and maintain full
momentum on executing GAN's growth strategy."
Richard Santiago, CFO of GAN commented:
"GAN is now at the forefront of digital betting and gaming
technology in the U.S. with phenomenal growth momentum self-evident
in recent quarterly key performance indicators. It is with regret
that I have elected for personal reasons to leave GAN at this
exciting time, to pursue another opportunity. I wish to thank
everyone at GAN for their support and look forward to seeing GAN
realize the continuing opportunity of U.S. Internet gambling."
Rey del Valle, CFO-designate of GAN commented:
"This is an extraordinary opportunity to join Dermot and his
leadership team to help develop their unique software-as-a-service
tech company with a hard-earned market leading position in the
fast-regulating U.S. Internet gambling market. I look forward to
transitioning into the role in the coming weeks.
About GAN Plc
GAN is a leading business-to-business ("B2B") supplier of
internet gambling software-as-a-service solutions ("SaaS") to the
US land-based casino industry. The Company has developed a
proprietary internet gambling enterprise software system,
GameSTACK(TM), which it licenses principally to land-based US
casino operators as a turnkey technology solution for regulated
real-money internet gambling, encompassing internet gaming,
internet sports gaming and virtual Simulated Gaming. The Company
has also launched digital user acquisition & retention
marketing in support of the Internet Casino
(https://casino.winstar.com) provided by GAN's Digital Marketing
Agency in Tel Aviv, Israel.
GAN is listed on the London Stock Exchange (LSE: GAN) and on
Euronext Dublin (Euronext Growth: GAME).
For more information please visit www.GAN.com.
For further information please contact:
Jameson Wang Investors: The Equity Group
VP Investor Relations & Analytics Adam Prior
jwang@gan.com aprior@equityny.com
310.384.1132 212.371.8660
Davy (Nominated Adviser,
Euronext Growth Adviser
and Joint Broker)
John Frain / Barry
Murphy
+353 1 679 6363
Liberum (Joint Broker)
Neil Patel / Cameron
Duncan
+44 (0) 20 3100 2000
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END
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