reports
OEG: Application for termination of listing
OEG: Application for termination of listing Today, on 12.11.2018 the management board of Olympic Entertainment Group AS (OEG) submitted the application for the immediate termination of listing of OEG shares to the Nasdaq Tallinn Listing and Surveillance Committee. Corey Plummer CEO Olympic Entertainment Group AS Tel: E-mail:
Olympic Entertainment Group announces changes to Management Board, Cor...
Olympic Entertainment Group announces changes to Management Board, Corey Plummer to become new CEO Olympic Entertainment Group (“OEG”) announces today that its Supervisory Board has appointed Corey Plummer to the Management Board as Chief Executive Officer (“CEO”) effective immediately. As part of this reorganisation, Mr Plummer will resign from OEG’s Supervisory Board. Mr Plummer has more than 20 years of international gaming experience, including as Founder and President of North Sea Gaming, a sector-focused independent advisory firm, and as a senior executive at Holland Casino, Caesars E...
OEG: Consolidated unaudited results for Q3 and 9 months of 2018
OEG: Consolidated unaudited results for Q3 and 9 months of 2018 The consolidated unaudited results of Olympic Entertainment Group AS for Q3 and 9 months of 2018 are available at the website of Nasdaq Tallinn and at the website of Olympic Entertainment Group AS.Madis JäägerCEOOlympic Entertainment Group ASTel E-mail Attachment
OEG: Aktsiaselts Trigon Asset Management withdrew the claim submitted ...
OEG: Aktsiaselts Trigon Asset Management withdrew the claim submitted against OEG On 22 October 2018, Trigon Asset Management (Trigon) filed an application to Harju County Court, withdrawing the action filed to the court on 6 July 2018 against Olympic Entertainment Group (OEG) and requesting the court to refuse to hear the action. Upon refusal to hear the action, the preliminary injunction banning the supervisory board of OEG to increase the share capital of OEG will be also annulled. With the statement of claim, Trigon sought to establish the nullity of the resolutions No 1-4 of the 29 Ju...
OEG: Resolution of the sole shareholder to merge OEG into Odyssey Euro...
OEG: Resolution of the sole shareholder to merge OEG into Odyssey Europe AS Olympic Entertainment Group AS (“OEG“) hereby informs of resolution by its sole shareholder Odyssey Europe AS (“Odyssey”) approving the merger of OEG as the transferring company with and into Odyssey as the acquiring company. Madis JäägerCEOOlympic Entertainment Group ASTel E-mail
OEG: Completion of takeover of shares belonging to minority shareholde...
OEG: Completion of takeover of shares belonging to minority shareholders Olympic Entertainment Group AS (OEG) announces of completion of takeover of shares belonging to minority shareholders. As a result of the takeover, 100% of OEG shares (excluding own shares) belong to Odyssey Europe AS. Madis JäägerCEOOlympic Entertainment Group ASTel E-mail
OEG: takeover of shares belonging to minority shareholders
OEG: takeover of shares belonging to minority shareholders Olympic Entertainment Group AS (OEG) has filed an application with Nasdaq CSD SE Estonian branch to transfer the shares belonging to the minority shareholders to the majority shareholder Odyssey Europe AS (the Majority Shareholder) for a monetary compensation EUR 1.40 per one share in accordance with the resolution of the extraordinary meeting of shareholders of OEG, dated 10 September 2018. On the basis of the application, Nasdaq CSD Estonian branch will transfer the minorities’ shares to the securities account of the Majority...
OEG’s operating segments unaudited gaming revenues for the Q3 and 9 ...
OEG’s operating segments unaudited gaming revenues for the Q3 and 9 months of 2018 Gaming revenues before gaming taxes by operating segments (in EUR millions) Q3 2018Q3 2017ChangeEstonia11.011.0-0.5%Latvia15.916.2-1.8%Lithuania6.36.22.2%Slovakia4.04.00.0%Italy7.76.912.3%Malta4.23.618.1%Total49.247.92.7% 9M 20189M 2017ChangeEstonia33.132.61.6%Latvia46.246.4-0.6%Lithuania18.019.2-6.3%Slovakia11.411.9-4.0%Italy24.022.47.2%Malta12.09.723.1%Total144.7142.21.7% Madis Jääger CEO Olympic Entertainment Group AS Tel E-mail
OEG: Decision of the extraordinary general meeting
OEG: Decision of the extraordinary general meeting The extraordinary general meeting of shareholders of OLYMPIC ENTERTAINMENT GROUP AS (OEG) was held today, on 10 September 2018, at the Conference centre of Hilton Tallinn Park (Kreutzwaldi 23, Tallinn, Estonia) (the Meeting). The announcement regarding the Meeting, including its’ agenda was published on 8 August 2018 on the webpage of the Company and through the information system of the Nasdaq Tallinn Stock Exchange. The announcement regarding the Meeting was also published in the daily newspaper Eesti Päevaleht also on 8 August 2...
OEG responded to Harju County Court in relation to action from Trigon ...
OEG responded to Harju County Court in relation to action from Trigon Asset Management and submitted a counterclaim for compensation of damages Olympic Entertainment Group AS (OEG) has responded to Harju County Court in relation to the civil proceedings commenced on the basis of an action from Trigon Asset Management (Trigon). OEG requests the court to refuse to hear Trigon’s action or alternatively, to refuse to satisfy the claim and to cancel the preliminary injunction put in place on the basis of Harju County Court’s 03.08.2018 ruling. OEG also filed a counterclaim against Trigon de...
Tallinn Circuit Court’s ruling regarding OEG’s appeal
Tallinn Circuit Court’s ruling regarding OEG’s appeal With today’s ruling, Tallinn Circuit Court has decided not to satisfy the appeal from Olympic Entertainment Group AS (OEG) against Harju County Court’s 3 August 2018 ruling regarding securing an action. Thus the measure securing the action remains in force. It is not possible to appeal against the Circuit Court’s ruling. More information about Harju County Court’s ruling can be found from 3 August 2018 announcement. Madis JäägerCEOOlympic Entertainment Group ASTel E-mail
OEG has received the statement of claim filed by Trigon Asset Manageme...
OEG has received the statement of claim filed by Trigon Asset Management from Harju County Court Olympic Entertainment Group AS (OEG) has received the statement of claim filed by Trigon Asset Management from Harju County Court, which seeks to establish the nullity of the resolutions No 1-4 of the 29 June 2018 general meeting of shareholders, or alternatively, to revoke the resolutions. OEG is of the opinion that the requests in the statement of claim are unjustified and OEG is asking the court to refuse to satisfy the claims. OEG finds that the resolutions adopted at the general mee...
OEG filed an appeal against the 03.08.2018 injunction ruling of Harju ...
OEG filed an appeal against the 03.08.2018 injunction ruling of Harju County Court Today, Olympic Entertainment Group AS (OEG), filed an appeal with the Tallinn Circuit Court against the 03.08.2018 ruling of the Harju County Court. OEG is of the opinion that the claims of the action are unjustified and the injunction unlawful, and is therefore asking the Tallinn Circuit Court to annul the ruling of the county court. OEG has not received the action itself. With the appealed ruling, the court had banned increasing the share capital of OEG, on the basis of sections 4.7 and 4.8 of the articles...
Invitation to the Extraordinary General Meeting of Shareholders of Oly...
Invitation to the Extraordinary General Meeting of Shareholders of Olympic Entertainment Group AS OLYMPIC ENTERTAINMENT GROUP AS, registry code 10592898, address Pronksi 19, 10124 Tallinn (hereinafter the Company), convenes an extraordinary general meeting of shareholders of the Company that will be held on 10 September 2018 at 15:00 at the conference center of Hilton Tallinn Park (Kreutzwaldi 23, Tallinn, Estonia). Agenda for the extraordinary general meeting (hereinafter the EGM) is the following: “To approve and decide the takeover of shares of OLYMPIC ENTERTAINMENT GROUP A...
OEG audited final balance sheet as at 30.06.2018
OEG audited final balance sheet as at 30.06.2018 OEG publishes audited final balance sheet as at 30.06.2018, which is attached to this announcement and is available on the webpage of OEG . Madis JäägerChairman of the management boardOlympic Entertainment Group ASTel E-mail Attachment
OEG: Conclusion of merger agreement with Odyssey Europe AS
OEG: Conclusion of merger agreement with Odyssey Europe AS Olympic Entertainment Group AS (“OEG“) hereby informs of its entry into a merger agreement (the “Agreement”) with its parent company, Odyssey Europe AS (the “Odyssey”). Pursuant to the Agreement, OEG as the transferring company shall merge with and into Odyssey as the acquiring company ("Merger"), and in the course of the Merger the shares of the minority shareholders of OEG shall be taken over by Odyssey in accordance with Section 4211 (1) of the Estonian Commercial Code. The Agreement is attached to this announcement and is availa...
OEG: Application for squeeze-out of the shares in the course of a merg...
OEG: Application for squeeze-out of the shares in the course of a merger The management board of Olympic Entertainment Group AS (“OEG”) hereby informs of the receipt of an application from its shareholder Odyssey Europe AS (“the Majority Shareholder”) for the takeover of shares belonging to the minority shareholders of OEG (the “Minority Shareholders”) in return for monetary compensation of 1.40 EUR per share in connection with the planned merger of OEG as transferring company with and into the Majority Shareholder as acquiring company (the “Merger”) in accordance with Section 4211 (1) of ...
OEG: Court ruling regarding resolutions adopted at 29 June 2018 genera...
OEG: Court ruling regarding resolutions adopted at 29 June 2018 general meeting of shareholders Olympic Entertainment Group AS („OEG“) hereby informs of Harju County Court ruling, dated 3 August 2018, in which the court banned increasing the share capital of OEG on the basis of sections 4.7 and 4.8 of the articles of association adopted at the general meeting of shareholders on 29 June 2018 and registration of share capital increases of OEG on the basis of decisions of the supervisory board. According to the ruling, the injunction has been decided on the basis of an action from aktsiaselt...
OEG: Consolidated unaudited results for Q2 and 6 months of 2018
OEG: Consolidated unaudited results for Q2 and 6 months of 2018 Key performance indicators of the Group 6M 20186M 20176M 2016Revenue before gaming taxesm€106.6104.499.2Gaming taxm€-22.9-21.6-22.9Net revenuem€83.882.876.3Total net revenue and incomem€83.982.876.8EBITDAm€21.720.917.1EBITm€15.214.712.0Net profitm€14.712.610.1 EBITDA margin%25.925.322.5Operating margin%18.117.815.8Net margin%17.615.213.3 Assetsm€183.2150.1188.9Equitym€160.2127.2108.8ROE%9.610.48.9ROA%8.38.35.8Current ratiotimes3.42.00.8 Casinos at end of period#115117125Casino floor area at end of period...
OEG’s operating segments unaudited gaming revenues for the Q2 and 6 ...
OEG’s operating segments unaudited gaming revenues for the Q2 and 6 months of 2018 Gaming revenues before gaming taxes by operating segments (in EUR millions) Q2 2018 Q2 2017 Change Estonia 10.2 11.2 -9.1% Latvia 15.5 15.1 2.2% Lithuania 6.0 6.3 -4.8% Slovakia 3.9 3.8 1.4% Italy 8.2 7.7 6.4% Malta 4.5 3.1 46.5% Total 48.3 47.3 2.1% 6M 2018 6M 2017 Change Estonia 22.1 21.5 2.6% Latvia 30.3 30.2 0.1% Lithuania 11.7 13.0 -10.3% Slovakia 7.4 7.9 -6.1% Italy 16.3 15.5 5.0% Malta 7.8 6.2 26.0%...
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