bwin.party’s activist investor SpringOwl Gibraltar Partners B Ltd has informed the company that it intends to requisition the nomination of four additional directors to the company’s board.

SpringOwl, which is run by US gaming analyst Jason Ader, gained the right to appoint a nominee to the company’s board following the acquisition of a 6.1 per cent stake in the business earlier this year.

bwin.party noted Thursday that SpringOwl has not identified its nominee, adding that “it therefore appears that the proposed appointment of four directors would be in addition to SpringOwl’s existing right to appoint a Board nominee.”

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