Business
New Affiliate Deal
New Affiliate Deal.
About this update from B90 Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3824J\n B90 Holdings PLC\n 23 August 2021\n \n \n \n \n For release: 07.00, 23 August 2021\n \n \n \n \n \n B90 Holdings plc\n \n \n (\"B90\", the \"Company\" or \"Group\")\n \n \n Affiliate Agreement signed with Nordic Group\n \n \n \n \n \n B90 Holdings plc (AIM: B90), the online marketing and operating company for the gaming industry, announces that it has signed an affiliate marketing agreement with Nordic Group ltd (\"Nordic\"), a leading marketing and online advertising partner, with a focus on Latin America and the Nordics, to promote all its sportsbook and online casino services in various territories. The affiliate deal covers all current and future Bet90 brands and subsidiaries and Nordic will commence promotional activities immediately.\n \n \n \n \n \n Nordic has an established and extensive marketing network in various countries and uses a mix of content such as \n blogs and websites sharing tips and strategies, and reviews, as well as news and information about offerings, schemes and products, across a variety of on-line and social media. They also employ the latest search engine optimisation and digital promotion techniques.\n \n \n \n \n \n B90 will pay Nordic an initial Affiliate Fee (the \"Initial Affiliate Fee\") amounting to €150,000, which will be settled in new Ordinary Shares on 30 November 2021. The total number of new Ordinary Shares to be issued in satisfaction of the Initial Affiliate fee will be calculated based on the average closing mid-market price of B90's Ordinary Shares over the five dealing days ending on 30 November 2021 rounded upwards to the nearest whole new Ordinary Share and on the then prevailing exchange rate.\n \n \n \n \n \n Issue of the new Ordinary Shares is conditional on Nordic generating a minimum of €75,000 (\"minimum criteria\") in new revenue for the Company by 30 November 2021, with the option to amend the agreement and the number of new Ordinary Shares to be issued if the minimum criteria is not met. Thereafter, the agreement reverts to a typical affiliate deal with payment based on the amount of traffic and new customer revenue generated from Nordic's network.\n \n \n \n \n \n Further share based payments will become due on 28 February 2022, 31 May 2022 and 31 August 2022 (\"payment d...