Intertain Group Limited Provides Update Regarding Management Incentive Plan
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 12/04/15 -- The Intertain Group Limited ("Intertain" or the "Company") (TSX: IT) today announced that it has published on its website certain recommendations from the Company''s Compensation Committee relating to the Company''s management compensation structure.
As previously announced by the Company on August 31, 2015, the Board of Directors of the Company ("the Board") had undertaken to re-evaluate the Company''s management incentive plan ("MIP") in light of concerns about the MIP expressed by certain shareholders. As part of this re-evaluation process, the Board engaged Global Governance Advisors ("GGA") to make recommendations to the Board based, amongst other things, on feedback from shareholders. The Company also undertook to canvass input from shareholders before implementing a new compensation structure.
The Compensation Committee has now developed a proposed framework for a new compensation structure, which framework is described in a brief summary presentation prepared by GGA and posted on the Company''s website. This Compensation Committee intends to use this presentation for consultation purposes with certain shareholders. Based on feedback from these shareholders, the Compensation Committee will make a recommendation to the Board for implementation of a new management compensation structure.
About The Intertain Group Limited
Intertain is an online gaming company that provides entertainment to a global consumer base. Intertain currently offers bingo and casino to its customers using the InterCasino (), Costa (), Vera&John (), and Jackpotjoy () brands. For more information about Intertain please visit .
Disclaimer in Regards to Forward-Looking Statements
Certain statements included herein, including those that express management''s expectations or estimates of our future performance constitute "forward-looking statements" within the meaning of applicable securities laws, including, without limitation, our statements as to guidance regarding total revenues, total adjusted net income and total adjusted diluted income. The purpose of the guidance provided herein is to enhance our disclosure and assist in understanding our expected and targeted financial results, and this information may not be appropriate for other purposes. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The additional key assumptions that the Company has made in connection with the forward-looking statements is that the Company will be able to successfully integrate and realize the benefits of its completed acquisitions. Investors are cautioned not to put undue reliance on forward-looking statements. Events or circumstances that could cause the actual results to differ materially from those in the forward-looking statements include general economic, business and market conditions, foreign exchange rates, governmental and regulatory actions, including changes in law or in the interpretation of laws relating to online gaming. Except as required by law, the Company does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Additional information identifying risks and uncertainties is contained in Intertain''s filings with the Canadian securities regulators, including its annual information form dated March 31, 2015, available at .
Contacts:
The Intertain Group Limited
Amanda Brewer
+1 416 720-8150
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Datum: 04.12.2015 - 08:15 Uhr
Sprache: Deutsch
News-ID 1402456
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