- React Gaming Group (RGG) has retained Leigh Hughes as its permanent CEO after serving as Interim CEO
- Hughes is an entrepreneur and venture capitalist with over 20 years of experience working with private and public companies across the globe
- In addition, the corporation has announced further details regarding the proposed consolidation of its issued and outstanding share capital
- On November 17, 2022, shareholders will vote on the 1:4 share consolidation
- React Gaming Group is a holding company that stands at the forefront of the esports and iGaming industry
- React Gaming Group Inc. (RGG) was up 11.11 per cent trading at $0.10 per share
React Gaming Group (RGG) has retained Leigh Hughes as its permanent
“Leigh has proven to be a strong leader since his appointment as Interim CEO in June and we are thrilled that he has agreed to remain as React Gaming’s permanent CEO,” noted Philip Nolan, a director of React Gaming.
“His strong business acumen and his leadership have allowed us to work as a team and have already delivered some very positive results, namely through the various partnerships that have been executed and our ongoing activities to drive growth,” he added.
Hughes is an entrepreneur and venture capitalist with over 20 years of experience working with private and public companies across the globe, particularly in North America, Australia and the Asia-Pacific region.
“I am proud and thrilled to pursue my relationship with React Gaming on a permanent basis and am deeply committed to making a success of this promising company,” said Hughes.
“Since my appointment as Interim CEO, our team has been working relentlessly to achieve React Gaming’s objective of becoming a leader in the esports space,” he added.
In addition, the corporation has announced further details regarding the proposed consolidation of its issued and outstanding share capital.
The 1:4 consolidation will be put to a vote at the annual and special shareholder meeting to be held on November 17, 2022.
The corporation currently has 167,439,734 common shares issued and outstanding. After the share consolidation, the corporation will have approximately 41,859,933 common shares issued and outstanding prior to rounding for fractional common shares.
The corporation is proposing to effect the share consolidation because it believes that the new capital structure would enhance its ability to realize future financings.
React Gaming Group is a holding company that stands at the forefront of the esports and iGaming industry.
React Gaming Group Inc. (RGG) was up 11.11 per cent trading at $0.10 at 10:38 AM ET.
