TIDMVLTY
RNS Number : 8399I
Veltyco Group PLC
26 March 2018
26 March 2018
Veltyco Group PLC
("Veltyco" or "the Company")
Board & Senior Management changes
The Board of Veltyco Group Plc (AIM:VLTY), the online marketing
and operator company for the gaming industry, is pleased to
announce a number of changes to its Board and Senior Management,
including the appointment of Melissa Blau as Chief Executive
Officer and Rainer Lauffs as Chief Operating Officer with immediate
effect.
Since its Admission to AIM in June 2016, Veltyco has achieved
significant growth, both from a product and geographical
standpoint, as well as starting to operate its own online gaming
brands in addition to its existing marketing activities. The Board
believes that significant opportunities continue to be available to
the Company, both within new and existing markets, and the Board
has therefore decided to enhance the composition of the Senior
Management team, including the creation of the role of Chief
Executive Officer, to capitalise on these opportunities.
As part of this evolution, both Uwe Lenhoff and Hans Dahlgren
will step down from the Board with immediate effect. They both will
remain fully committed to the Company and will retain leading roles
within the Company's Senior Management team. Uwe Lenhoff will
become the Company's Head of Business Development which will allow
him to focus on his strength as an entrepreneur and new business
generator whilst handing over the day to day operations of the
business to Rainer Lauffs. Uwe remains a significant and highly
supportive shareholder in Veltyco, a member of the Senior
Management team and is fully committed to the long term development
of the Company. Hans Dahlgren will continue as the Company's Chief
Technical Officer.
Melissa Blau is being appointed as Executive Director and the
Company's Chief Executive Officer with immediate effect. Melissa
will bring 25 years of management experience in the entertainment
and financials industries including 15 years of experience in the
gaming industry.
Rainer Lauffs is being appointed as an Executive Director with
immediate effect and will assume the role of the Company's Chief
Operating Officer. Rainer has been working alongside Uwe since the
Company's incorporation in 2012.
In addition, the Company also announces the resignation of Ilan
Tzorya as a Non-executive Director with immediate effect to pursue
other business interests.
The Company is also pleased to announce that it has appointed
Gilles Ohana as its Non-executive Chairman. Gilles joined the Board
in November 2017. The Company confirms that it intends to seek a
further independent Non-executive Director in line with the
continuing growth of the Company and a further announcement will be
made as appropriate.
Melissa is a graduate from The Wharton School of the University
of Pennsylvania and has an MBA from Harvard University. She has
been working in the gaming sector since 2004 as both an operator,
adviser and investor. Her extensive experience in the gaming sector
includes CFO of St Minver (sold to GTECH), Operating Executive at
Global Leisure Partners and CEO of acquisition holding company,
Europa Point Group, before starting her own consultancy firm,
iGaming Capital. Over the past several years, she has taken an
active role in developing the iGaming market in the United States,
where she has been advising many large land-based Casinos.
Rainer Lauffs is a business graduate from Philipps University of
Marburg (Germany) and has been working in the online gaming world
since 2006. Among other projects, he was significantly involved in
building up PartyGaming's business in Germanic and Dutch
territories. Since 2012 Rainer has been working alongside Uwe in
managing all gaming projects for Veltyco.
Following these changes the Company's Board will comprise
of:
- Gilles Ohana: Non-executive Chairman
- Melissa Blau: Chief Executive Officer
- Marcel Noordeloos: Chief Financial Officer
- Rainer Lauffs: Chief Operating Officer
- Mark Rosman: Non-executive Director
The Board is pleased to welcome Melissa and Rainer to the Board
and would like to thank Ilan for his contribution to Veltyco over
the last year and wishes him every success in the future.
Additional information on Ms Melissa Blau and Mr Rainer
Lauffs
The following additional information is provided in accordance
with paragraph (g) of Schedule Two to the AIM Rules for
Companies:
Melissa Blau (aged 49)
Current Directorships/Partnerships Past Directorships/Partnerships
iGaming Capital Ltd, SportsAD, USA (to June
London 2016)
iGaming Capital LLC,
USA
eSports.com AG, Germany
Rainer Lauffs (aged 45)
Current Directorships/Partnerships Past Directorships/Partnerships
Sheltyco Enterprises Group BLS Tres Con (to December
Ltd (BVI) 2016)
Rainer holds 750,000 options at an exercise price of 25p. These
options were granted on 30 June 2016 and have a five year term. The
options vest 25% per year starting on the first anniversary after
the grant date.
Following publication of the Company's financial results for the
year ended 31 December 2017, the Company intends to grant Melissa
500,000 options with an exercise price of 84p. These options will
fall under the Employee Stock Option Plan and will have a five year
term and vest 25% per year starting on the first anniversary after
the grant date.
There is no other information that is required to be disclosed
pursuant to paragraph (g) of Schedule Two to the AIM Rules for
Companies.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information please contact:
Veltyco Group Plc +44 (0)1624 605 764
Gilles Ohana, Non-executive Chairman
Marcel Noordeloos, CFO
Strand Hanson Limited (Nominated Adviser) +44 (0)20 7409 3494
James Harris / Richard Tulloch / James Dance
Whitman Howard Ltd (Broker) +44 (0)20 7659 1234
Francis North / Nick Lovering
IFC Advisory (Financial PR & IR) +44 (0)20 3934 6630
Graham Herring / Miles Nolan / Zach Cohen
About Veltyco
Veltyco is a group of companies focused on generating marketing
leads and entering into marketing contracts for the activities of
various partners in the gaming industry as well as operating its
own brands. Veltyco focuses on complementary activities under one
umbrella, leveraging its historical cash generative activities of
marketing online casinos and sports betting.
Website: www.veltyco.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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