Compulsory redemption underway

Aspire Global applies for delisting its shares from Nasdaq North Premier Growth Market as NeoGames moves to control 100%

2022-06-17
Reading time 41 seg

The Board of Directors of Aspire Global has resolved to apply for delisting of the company's shares from Nasdaq First North Premier Growth Market in Stockholm, Sweden. NeoGames S.A. controls approximately 98.25% of the shares and votes in the company, and has initiated compulsory redemption for the remaining shares in the company.

NeoGames declared their recommended public offer for the shares unconditional on May 30, 2022, as all of the conditions for completion are met. It further announced that in order to provide the remaining shareholders in Aspire Global with the opportunity to accept the offer, NeoGames has decided to extend the acceptance period in the offer until and including June 14, 2022. 

The last day for trading in the company's shares on Nasdaq will be announced as soon as the company has received notification from Nasdaq Stockholm AB.

According to the draft terms announced in early May, Aspire CEO Tshashi Maimon will continue to lead the company as president of an iGaming unit of NeoGames.

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