Bulletin from extraordinary general meeting in Everysport Media Group AB (publ)
Today, 17 March 2021, Everysport Media Group AB (publ) held an extraordinary general meeting.
Resolution on a directed new issue of class A shares to the CEO
The extraordinary general meeting resolved in accordance with the board’s proposal on a directed new issue of not more than 90,850 class A shares to the CEO of Everysport Media Group. The subscription price is SEK 17.27 per class A share and is deemed to be at market terms. At full subscription, the issue will provide the company with an amount of SEK 1,568,980 and entails a dilution of approximately two per cent of the total number of outstanding shares and votes in the company.
Resolution on a long-term incentive program and issue and transfer of warrants to the CEO, other senior executives and certain employees
The extraordinary general meeting resolved in accordance with the board’s proposal to implement a long-term incentive program based on warrants and issue and transfer of warrants to the CEO, other senior executives and certain employees of Everysport Media Group. The incentive program is directed to approximately 65 individuals. The program is divided into two different series with two different maturity periods (Series 2021/2023 and Series 2021/2024). Not more than 90,824 warrants of Series 2021/2023 and not more than 90,824 warrants of Series 2021/2024 (not more than 181,648 warrants in total) can be issued. The warrants shall be issued at no consideration to Everysport Media Group's wholly-owned subsidiary ESMG Transactions AB, that will transfer the warrants to the participants in the program at market value at the time of transfer.
Each warrant of Series 2021/2023 and Series 2021/2024 entitles a right to subscribe for one new class A share in Everysport Media Group during the period from 18 March 2023 to 13 June 2023 and during the period from 18 March 2024 to 13 June 2024, respectively, at a subscription price equal to 150 per cent of the volume-weighted average price on the Everysport Media Group share on Spotlight Stock Market during the period 15 February 2021 – 26 February 2021.
Upon exercise of all 181,648 warrants of Series 2021/2023 and Series 2021/2024, the incentive program implies a full dilution corresponding to approximately four per cent of the total number of outstanding shares and votes in the Company.
The information was distributed for disclosure, through the contact person set out below on 17 March 2021.
Any questions answered by:
Hannes Andersson, CEO, Everysport Media Group AB,
tel: +46 70 736 56 25
e-mail: hannes.andersson@esmg.se
Everysport Media Group (publ.) (ESMG) is a Swedish publicly listed media group with roots in sports and gaming. Our strategy is based on two main components: Content and Media. Within Content, ESMG is a leading provider of performance data, betting tips and sports news. Some of our clients are gaming operators, sports associations and media organizations. Our media portfolio garners over 2 million interactive viewers across multiple platforms, sites, and networks within the industry.