Bragg Gaming Announces Results from Annual and Special Meeting of Shareholders

Rhea-AI Summary

Bragg Gaming Group (OTC: BRGGF) held its annual and special shareholder meeting, where all director nominees were elected. Paul Pathak received 99.67% approval, while Richard Carter and Adam Arviv had 83.18% and 83.19%, respectively. Key resolutions included the re-appointment of auditors with 99.94% approval, a consolidation of shares approved by 97.59%, and a new equity incentive plan with 74.93% approval. The meeting reflects strong support for the board and strategic initiatives aimed at enhancing the company's operational capabilities.

Positive

• All director nominees were elected with high approval rates, indicating shareholder confidence.
• Re-appointment of MNP LLP as auditors received 99.94% support.
• Approval for share consolidation at 97.59% could strengthen share value.
• New equity incentive plan approved with 74.93% shows commitment to align interests.

Negative

• The equity incentive plan received only 74.93% approval, indicating some shareholder dissent.

Global B2B gaming technology provider Bragg Gaming Group (TSX:BRAG, OTC: BRGGF) ("Bragg" or the "Company") is pleased to announce the voting results from the annual and special meeting of shareholders (the “Meeting”) held today.

All nominees set forth in the Company's management information circular dated March 26, 2021 (the "Circular") were elected as directors of the Company at the Meeting.

Detailed results of the votes are set out below:

NOMINEE	NUMBER OF SHARES		PERCENTAGE OF VOTES
	FOR	WITHHELD	FOR	WITHHELD
Paul Pathak	24,000,412	78,520	99.67%	0.33%
Richard Carter	20,028,079	4,050,853	83.18%	16.82%
Adam Arviv	20,030,304	4,048,628	83.19%	16.81%
Rob Godfrey	24,003,482	75,450	99.69%	0.31%
Matevž Mazij	24,047,227	31,705	99.87%	0.13%
Paul Godfrey	24,002,682	76,250	99.68%	0.32%

The Circular also sought approval for: (i) the re-appointment of MNP LLP as auditors of the Company and authorization for the directors to approve their remuneration; (ii) adopting a special resolution authorizing the board of directors of the Company to effect, at their discretion, a consolidation of all of the issued and outstanding common shares of the Company ("Common Shares") at a range of ratios up to one (1) share for fifteen (15) shares, to be effective on a date in the future that may be determined by the board of directors of the Company in their sole discretion, as more particularly described in the Circular ("Consolidation"); and (iii) the approval of the Company's amended and restated omnibus equity incentive plan, as more particularly described in the Circular.

The results of the shareholder votes of these items are set out below:

MOTION	NUMBER OF SHARES FOR	PERCENTAGE OF VOTES FOR
Appointment of Auditors	45,203,551	99.94%
Consolidation Resolution	23,498,253	97.59%
Incentive Plan Resolution	18,043,453	74.93%

About Bragg Gaming Group

Bragg Gaming Group (TSX:BRAG, OTC: BRGGF) is a global B2B gaming technology provider. Since its inception in 2012, Bragg has developed, produced, marketed and licensed fully integrated solutions to more than 125 gaming and casino operators worldwide.

Cautionary Statement Regarding Forward-Looking Information

This news release may contain forward-looking statements or "forward-looking information" within the meaning of applicable Canadian securities laws ("forward-looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements include the following: the impact of COVID-19 on the business of Bragg; the countercyclical growth of the business of Bragg; the regulatory regime governing the business of Bragg; the operations of the Company; the products and services of the Company; Bragg's customers; acquisition opportunities; the growth of Bragg's business, which may not be achieved or realized within the time frames stated or at all; and the anticipated size and/or revenue associated with the gaming market globally.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the following: risks associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the inability to access sufficient capital from internal and external sources; the inability to access sufficient capital on favorable terms; realization of growth estimates, income tax and regulatory matters; the ability of Bragg to implement its business strategies; competition; economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices; the estimated size of the gaming market globally; changes in customer demand; disruptions to our technology network including computer systems and software; natural events such as severe weather, fires, floods and earthquakes; and risks related to health pandemics and the outbreak of communicable diseases, such as the current outbreak of COVID-19.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210428006210/en/

FAQ

What were the voting results for Bragg Gaming Group's annual meeting on April 28, 2021?

All nominees were elected with high approval, and key resolutions received strong backing, including 99.94% for auditor re-appointment.

What percentage of votes were for the consolidation of shares by Bragg Gaming Group?

The consolidation resolution was approved with 97.59% of votes in favor.

How did Bragg Gaming Group's shareholders vote on the equity incentive plan?

The equity incentive plan received 74.93% approval, indicating some level of shareholder dissent.