Bragg Gaming CEO Matev Mazij to sell 1.04M shares in private transaction

Bragg Gaming (BRAG) announced that its board of directors approved a limited waiver of the company’s scheduled blackout period, in order to permit its chief executive officer, Matev Mazij, to conduct a block sale of 1,039,000 common shares of the company to a single purchaser in a private transaction. The board granted the waiver in response to a request from Mazij to address urgent personal financial circumstances. The board determined that granting the waiver was in the best interests of the company and shareholders in order to facilitate the sale in an orderly manner. The purchaser under the sale agreed to execute a customary non-disclosure agreement and six month lock up in respect of the company’s common shares. The company does not expect any further waivers of the blackout period to be sought or granted.