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Entraction Buying back 20% Of its Stock shares
9/30/09 - The warrants to 2 500 000 class B shares in gambling group Entraction are being sold by the Global Betting Exchange Group (GBE), the parent company of Betdaq back to the company for a price SEK21 per share (Euro 2.1) currently valued at around SEK 80 million.
Entraction will lay out a total SEK 23 million (Euro 2.25 million) if shareholders are in agreement at an extraordinary general meeting to be convened soon.
A company spokesman said that had GBE exercised the warrants it would have created a dilution in capital of 19.4 percent. Instead, Entraction would cancel the warrants on execution of the acquisition.
”We have enjoyed the support of the Global Betting Exchange Group in agreeing to Entraction acquiring the warrants at a price substantially lower than current trading price," Entraction chief executive Peter Åström said. "The exercise of the warrants would have incurred a large dilution at a low valuation, relative to the strong development Entraction has shown the past two years.“
He added that the purchase of the warrants will affect cashflow, but not financial results as the cost is made against equity.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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