Decision about dividend pay-out for the year 2014
Prague/Amsterdam – The Board of Directors of Fortuna Entertainment Group N.V. („the Company“) decided at its meeting held on April 2nd 2015 that the Company will not pay any dividend in 2015.
The Company hereby confirms its previous announcement that the dividend policy is under review due to the planned investments into future growth opportunities, especially investments into a new IT platform enabling multi-channel, -product and -country capability, operational excellence and people that will support further organic growth and expansion into Central & Eastern Europe.
These investments will strengthen the Company’s current position as the leading Central European licensed sports betting operator. It will also support Fortuna in its ambition to become the undisputable leader in the regulated Central & Eastern European sports betting & gaming sector with the most trusted and exciting multi-channel betting & gaming brand, scalable platform and outstanding customer experience.
At the end of 2014 Per Widerstrom overtook the positions as the new Chairman of the Management Board and CEO at Fortuna Entertainment Group and will lead the Company through its growth strategy. Per has a strong track record and international experience of successfully managing companies in the sport betting and gaming sector. He joined Fortuna from Gala Coral Group (Managing Director of Gala Interactive), one of the leading European multi-channel betting and gaming groups. He also successfully led as CEO the international on-line betting and gaming company Expekt.com.
The management will continue to work on defining a long-term dividend policy that will take into account building a sustainable competitive advantage for Fortuna. Revised dividend policy to be announced after the end of the financial year 2015.
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