IN BRIEF: B90 Holdings raises GBP1 million, signs two affiliate deals

B90 Holdings PLC - online marketing and operating company for the gaming industry - Raises GBP1.1 ...

Alliance News 30 March, 2021 | 11:57AM
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B90 Holdings PLC - online marketing and operating company for the gaming industry - Raises GBP1.1 million in share subscription in order to settle majority of its overdue creditors. Notes subscription was for 7.8 million shares at 14 pence each.

Additionally enters into affiliate agreements with RB Journalism SIA, trading as oddsen.nu, and E-2 Communications Ltd to access potential new customers for, and drive additional traffic to, the Bet90 platform. Says Oddsen will receive an upfront affiliate fee of EUR200,000 payable via the issue of 3.5 million shares, while E2's upfront affiliate fee will be EUR100,000 payable via the issue of 1.8 million shares.

"The signing of these affiliate deals with Oddsen and E2 reflects the board's strategy to invest in marketing and to expand the geographic focus of Bet90. The proceeds from this subscription will put the group on a more stable financial footing and enable the activation of additional marketing initiatives to drive revenue," says Executive Chair Paul Duffen.

Current stock price: 16.50p, up 18% on Tuesday

Year-to-date change: up 42% from 11.65p last Wednesday, after B90's year-long share suspension was lifted

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
B90 Holdings PLC 12.50 GBX -1.96 -

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