Online gaming operator digital entertainment has made peace with SpringOwl, agreeing to involve the activist investor in the process to appoint its new directors.

Ahead of the company's Annual General Meeting which took place earlier today in Gibraltar, said that in light of its announcement last week that it would look to appoint three new directors to the board by the end of 2014, SpringOwl would now be closely involved in that selection process.

SpringOwl has nominated Daniel Silvers to the board, using the nomination right gained under the terms of its acquisition of a 6.1 per cent stake in the business (since reduced to 5.2 per cent).

Premium subscribers continue here to the full article.


GIQ Magazine Digital Edition