Bragg Gaming Group has finalized its purchase of Drayton International. The transaction marks the completion of the previously disclosed merger between the two gaming operators.
Transaction and Leadership Updates
Alongside the acquisition, the company executed the conversion of outstanding subscription receipts into common shares and warrants. This restructuring aligns with the financial framework established during the initial announcement of the deal. Matt Davey has been appointed to the role of Board Chairman. His leadership transition coincides with the closing of the merger and the subsequent share conversion.The acquisition was first disclosed in an earlier corporate announcement. Details regarding the initial terms and strategic rationale were outlined at that time. The information was confirmed in a company press release.