Stride Gaming enters offer period

In response to press speculation, Stride Gaming plc has confirmed it is currently reviewing all strategic options in order to maximise value for its shareholders, and as such as entered in to an ‘Offer Period’ (see previous reports).

The Board said it remains confident in Stride’s ability to manage ongoing fiscal and regulatory market pressures and leverage its unique infrastructure to capitalise on significant growth opportunities in the dynamic UK market.

Against this backdrop, the Board is reviewing, amongst other things:

• a more aggressive UK and international organic expansion strategy;

• expanding the group’s operations through acquisition in the UK and/or international markets to take advantage of the disruption in the online gaming market resulting from fiscal and regulatory changes; and

• whether Stride should seek to participate in potential industry consolidation through a
sale of the Company.

“The Board believes the Group will continue to be highly cash generative and the Board remains committed to its revised dividend policy to distribute at least 50% of Adjusted net earnings in dividends,” a company statement reads.

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