2020_11_betinvest.gif
2020_11_betinvest.gif
2020_11_betinvest.gif
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2020 AffiliateCon
NEWS 17 January 2020

Evolution Gaming CEO offered incentive scheme by major shareholders

By Aidan Williams

Major shareholders of Evolution Gaming are set to offer CEO Martin Carlesund one million shares following a three-year vesting period. 

The shareholders are Richard Livingstone via Ian Livingstone, Jens von Bahr and Fredrik Österberg via Österbahr Ventures AB, Joel Citron and Jonas Engwall – who as of the end of last year represented approximately 32.6% of shares and votes in total.

In addition to the incentive scheme decided by the extraordinary general meeting (EGM) on 16 January, the total programme will be in line with the original proposal to the EGM in December. 

In a statement, Von Bahr, Chairman of the Board at Evolution, said: "Due to the support for the original proposal from a large majority of the shareholders at the EGM, the board members with shareholding in the company are willing to issue warrants pro rata their holding, to give CEO Martin Carlesund an internationally competitive compensation package."

The company itself is not involved in issuing the options and no costs are expected to be incurred for Evolution as a result of the options. 

Given they are options issued by select shareholders, there will not be any dilution for others, unless all options offered are exercised; in which case the dilution effect for the major shareholders will be approximately 1.69%.

RELATED TAGS: Financial
2020_7_iovation.gif
GI FRIDAY: WEEKLY NEWSLETTER
THE GI HUDDLE PODCAST
NEW! #006 - LISTEN NOW
Gaming Industry Conferences (22:37)
#005 - LISTEN NOW
The role of gambling media (27:11)
#004 - LISTEN NOW
What is the role of a Gambling regulator? (29:09)
#003
The Future of Gambling Sponsorship in Sport (30:50)
MUST READ
IN-DEPTH 2 April 2020
Pragmatic Play Head of Account Management: Adaptability is crucial during uncertain times
READ MORE
PREMIUM CONNECTIONS
Legal and Jurisdictions
Digital Isle of Man
VIEW PROFILE
Systems and Software
BetConstruct
VIEW PROFILE
Systems and Software
Finnplay
VIEW PROFILE
Industry Awards
Global Gaming Awards
VIEW PROFILE
Systems and Software
NSoft
VIEW PROFILE
PR and Marketing
ActiveWins
VIEW PROFILE
Systems and Software
BBIN
VIEW PROFILE
Affiliate
1xPartners
VIEW PROFILE
Systems and Software
Newgioco Group
VIEW PROFILE
Systems and Software
Efbet
VIEW PROFILE
Payments
Zimpler
VIEW PROFILE
Services
Exefeed
VIEW PROFILE