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Director Appointments

Daniel Silvers steps down from bwin.party board

10 November 2015 08:10

bwin.party digital entertainment non-executive director Daniel Silvers is stepping down with immediate effect. This follows his decision to leave SpringOwl Asset Management LLC earlier this year to start Matthews Lane Capital Partners LLC.

Silvers was appointed to the board in May 2014 as nominee on behalf of one of the company's shareholders, SpringOwl Gibraltar Partners B Limited, in accordance with the terms of a relationship agreement entered into by the company in 2010.

Earlier this year he advised the company that he would be pursuing commercial interests outside SpringOwl and today's announcement reflects the priority he is now giving to these.

Chairman Philip Yea said: "Daniel has been a valued and constructive contributor to the board's deliberations and I want to thank him for his significant contribution. We wish him well in his future endeavours." SpringOwl Asset Management LLC chief executive Jason Ader said: "We remain strong supporters of the bwin.party Board and of the pending transaction with GVC Holdings PLC. Given the current timetable, we are not currently nominating a successor for appointment to the bwin.party Board ahead of the completion of the recommended offer from GVC that is expected to take place in early 2016."

At 8:10am: (LON:BPTY) bwin.party digital entertainment PLC share price was +0.3p at 112.2p

Story provided by StockMarketWire.com

Related Company: BPTY

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