Bragg Gaming concludes review of strategic alternatives process

The Bragg board announced the strategic alternatives process in March with the formation of a special committee, comprised solely of independent members of the board. The committee, together with its advisors Oakvale Capital LLP and Blake, Cassels & Graydon LLP, evaluated a wide range of strategic alternatives for maximizing shareholder value including a potential sale or merger of the Company. Bragg solicited interest from a significant number of potential counterparties and received multiple non-binding proposals. After careful consideration, the board, on recommendation from the special committee, unanimously determined that none of the proposals received reflect the company’s intrinsic value or current and projected financial performance, and therefore elected to conclude its review and disband the special committee.