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LeoVegas nominates Per Norman as new Chairman

By Iqbal Johal

LeoVegas has announced it is proposing Per Norman to become its new Chairman of the board.

The former Mr Green CEO would replace Mårten Forste, who declined re-election, but announced in January he will take up the position of Group COO, to oversee the firm’s Maltese operations.

If accepted, Norman would take up the position of Chairman after May’s annual general meeting (AGM), after the operator provided notice of the meeting, which will be held 8 May in Stockholm.

Norman is currently the Senior Advisor and Chairman of consulting firm Red Jade; apart from his time at Mr Green, he has held roles such as Deputy CEO for media company Modern Times Group and CEO for Boxer TV Access.

Among the items on the AGM agenda is the proposal that SEK 1.40 ($0.14) per share is distributed to the shareholders as dividend, from a total of SEK 142,314,158, working out at 5% of yield based on the closing price of SEK 26.28 per share on Friday.

Last month, LeoVegas announced its revenue was €87.1m ($96m) for Q4 2019, a rise of 3% year-on-year; earlier this month, the operator reported the coronavirus outbreak has had little disruption on its casino business.

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