Stride Gaming PLC AGM Statement (5257V)
January 31 2017 - 1:00AM
UK Regulatory
TIDMSTR
RNS Number : 5257V
Stride Gaming PLC
31 January 2017
31 January 2017
Stride Gaming plc
("Stride Gaming", the "Company", or "the Group")
AGM Statement
Trading in line with management expectations and integration of
recent acquisitions progressing well
Stride Gaming plc (AIM: STR), the online gaming operator,
announces that at today's Annual General Meeting ("AGM") the
Chairman of Stride Gaming, Nigel Payne, will make the following
statement:
"The Group's performance in the financial year is in line with
management expectations. Performance of the real money gaming
vertical has been strong which has more than offset weaker than
expected performance in the social gaming vertical. The organic
growth of the business is encouraging and the integration of 8Ball,
Netboost Media and the Tarco Assets, the online bingo businesses
which we acquired in August 2016 for up to GBP70.2 million is
progressing in line with management expectation. Our focus in 2017
is on embedding these acquisitions into the enlarged Group,
maximising synergies and ensuring the underlying organic business
remains robust.
"With material scale and 105 brands following these
acquisitions, Stride Gaming has 10% share of the UK online bingo
market making it the fourth largest online bingo operator in the
UK. The Board believes Stride Gaming is well positioned to
capitalise on the opportunities in the sector and to increase our
market share through strong organic growth and selective
acquisitions."
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Enquiries:
Stride Gaming plc
Nigel Payne (Non-Executive Chairman)
Eitan Boyd (Chief Executive Officer)
Ronen Kannor (Chief Financial Officer) +44 (0) 20 7284
www.stridegaming.com 6080
Canaccord Genuity Limited (Nominated
Adviser and Joint Broker)
Bruce Garrow
Emma Gabriel +44 (0) 20 7523
Richard Andrews 8000
Shore Capital (Joint Broker)
Mark Percy +44 (0) 20 7408
Toby Gibbs 4090
Yellow Jersey PR
Alistair de Kare-Silver
Felicity Winkles +44 (0) 7825
Joe Burgess 916 715
About Stride Gaming plc:
Stride Gaming is a leading online gaming operator in the soft
gaming verticals of online bingo and following the acquisition of
InfiApps in July 2015, it also operates in the global social gaming
market. The Company operates a multi-branded strategy across its
two verticals, and uses its own proprietary and purchased software
to provide online bingo and slot gaming for its players, and a
social gaming mobile application. Stride Gaming's real money
offering is presently focused on the UK market, is licensed and
only operates from the regulated jurisdictions of the UK and
Alderney. The Company's players' reach is international in the
mobile social gaming market with a focus on the North American
market. Following the acquisitions of 8Ball, Netboost Media and the
Tarco Assets, the online bingo businesses acquired in August 2016
for up to GBP70.2 million, Stride Gaming has 105 brands and a 10%
share of the UK online bingo market, making it the fourth largest
online bingo operator in the UK.
Further information on the Group is available at:
www.stridegaming.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMBMMBTMBAJTLR
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