Former Betsson CEO arrested in Sweden for insider-buying and selling

Swedish gaming operator Cherry’s chief executive Anders Holmgren has been arrested on suspicion of insider buying and selling.

The operator become suggested via the Swedish economic Crime ity that an investigation into share buying and selling by Holmgren has been launched.

On Tuesday morning, the authority searched the pinnacle places of work of Cherry AB, the listed business observed.

“Cherry will wholly cooperate with the economic agen sbobet Crime ity in the investigation. during the duration of the investigation, Gunnar Lind, chairman of the Cherry Audit Committee, might be acting CEO of Cherry,” the company noted.

Insider buying and selling in Sweden includes a sentence of up to six years.

Holmgren has been Cherry CEO considering the fact that January 2017. He founded Betsson – together with Henrik Bergquist and Fredrik Sidfalk – which changed into bought into by Cherry, and he managed its Malta division.

in keeping with his Linked In profile, he become Betsson CEO and executive director between 2000 and 2011.

Correction refers to cut up. The suitable counsel is marked in bold under.

relating to the bulletin from Betsson AB’s annual usual meeting, held on might also 15, 2018, the enterprise will carry out a stock cut up with redemption in members of the family 2:1. the percentage might be traded below new ISIN code with impact from might also 22, 2018. The order e-book will no longer change.

short identify: BETS B phrases: split with redemption: 2:1 latest ISIN: SE0009806896 ultimate day of trading with existing ISIN code: may additionally 21, 2018 New ISIN code: SE0011089259 First day of trading with new ISIN code: may also 22, 2018

For further information about the split, please contact Betsson AB and for information about the settlement please contact Euroclear Sweden AB. For further guidance about this trade word, please contact issuer Surveillance, email protected or +46 8 405 70 50.

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