9:37 | 04.09.2008
DGAP-News: Mobile Gaming Solutions Holds EGM – And Renames as Managed Gaming Solutions
MOBILE GAMING SOLUTIONS PLC / AGM/EGM
04.09.2008
Release of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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London, September 4, 2008 – Mobile Gaming Solutions Plc (’MGS’) announced
today that it has held a Shareholders’ Meeting in London on Monday, 1
September 2008. Altogether, 121,393,799 registered shares were represented.
The shareholders meeting approved the proposed change of company name to
‘Managed Gaming Solutions Plc’ (’MGS’). The change of name shall reflect
the enlarged product portfolio of the company, which is not limited to
‘mobile’ solutions, since MGS delivers turn-key and customised – also
web-based – solutions for gaming operations. Further, the company shall be
consciously detached from a perceived link to ‘casual mobile games’ and
similar low complexity content offerings, since latter do not reflect MGS’s
field of activities.
In a second resolution, the Board of Directors was given the authority to
issue and allot additional equity securities of up to an aggregate nominal
value of GBP 526,000, which may be used for targeted offering to either
existing or new investors as well as for new acquisitions.
The third resolution pertained to the acquisition of Bovatek Holdings Ltd
(’Bovatek’) to be paid for by allotment of new MGS shares. Bovatek,
established in 2007, is a privately held company, focusing on technology
development and activities around online and wireless auction systems.
Bovatek holds the intellectual property rights pertaining to the software
technology for the online and text message auction system, which MGS is
currently implementing in its new B2C auction businesses. The shareholders’
meeting approved the directors’ proposal that the Board may allot
approximately 26,900,000 ordinary shares in Mobile Gaming Solutions Plc to
the shareholders of Bovatek as consideration.
All three resolutions were passed unanimously.
For more information about the company and its services and products
offered please visit www.mgscorporation.com. The change of name will
certainly affect the appearance of the company on the German Capital Market
in terms of share price information, company data etc. on various financial
websites like www.deutsche-boerse.de or www.wallstreet-online.de. The
company will communicate the new name to each individual IR related media,
but cannot assure that this will adapted with immediate effect.
For any further information, please contact our Investor Relations Team
directly:
esVedra consulting GmbH
Metis Tarta-Steck
t: +49. 89. 28 80 81 33
f: +49. 89. 28 80 81 49
info@esvedra-consulting.com
www.esvedra-consulting.com
About Managed Gaming Solutions Plc
Managed Gaming Solutions Plc (former Mobile Gaming Solutions Plc) is a
technology & service provider for mobile and interactive TV gaming. The
company provides its customers with complete gaming solutions for a variety
of cross media platforms. The main focus lies on gaming platforms and SMS
and interactive TV games of chance, betting and casino games played via
mobile handsets.
04.09.2008 Financial News transmitted by DGAP
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Language: English
Issuer: MOBILE GAMING SOLUTIONS PLC
27/28 Eastcastle Street
W1W 8DH London
Großbritannien
Phone: +44 208 133 6878
Fax: +44 207 250 3559
E-mail: info@mgscorporation.com
Internet: www.mobilegamingsolutions.net
ISIN: GB00B1QKRY38
WKN: A0MKW8
Listed: Open Market in Frankfurt
End of News DGAP News-Service
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