Entertainment Gaming Asia Announces Commencement Of Rights Offering
HONG KONG, Oct. 30, 2014 /PRNewswire/ -- Entertainment Gaming Asia Inc. (NASDAQ: EGT) ("Entertainment Gaming Asia" or "the Company"), a gaming company focused on emerging gaming markets in Pan-Asia, announced today the commencement of its previously announced common stock rights offering to its stockholders. Under the terms of the rights offering, the Company will distribute at no charge to the holders of its common stock on September 15, 2014, the record date for the rights offering, 0.92278 non-transferable rights for every share of common stock owned as of September 15, 2014. Each right will entitle the holder to purchase one share of common stock at a subscription price of $0.54 per share. The rights offering will expire at 5:00 p.m., New York City time, on November 25, 2014, unless extended by the Board of Directors. Rights holders who fully exercise their basic subscription rights will be entitled to subscribe, subject to certain limitations and allotment, for additional shares that are unsubscribed as a result of any unexercised basic subscription rights.
A registration statement with respect to these securities was declared effective by the Securities and Exchange Commission on October 30, 2014. The Company will be distributing to its stockholders of record as of September 15, 2014 their subscription rights certificate, a copy of the prospectus made part of the registration statement and instructions for participating in the rights offering. Those stockholders of the Company who hold their shares in "street name" through a broker, custodian bank or other nominee will not receive an actual subscription rights certificate or other documents from the Company and, instead, will receive information and instructions from their broker, custodian bank or other nominee. Stockholders of the Company eligible to participate in the rights offering who have questions about the rights offering or requests for additional copies of the rights offering documents may contact:
Morrow & Co., LLC
By telephone: (203) 658-9400 or (800) 662-5200
By email: [email protected]
The rights offering is being made only by means of a prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of the securities under the securities laws of such state or jurisdiction.
About Entertainment Gaming Asia Inc.
Entertainment Gaming Asia Inc. (NASDAQ: EGT) is a gaming company in Pan-Asia engaged in the leasing of electronic gaming machines on a revenue sharing basis to the gaming industry in Cambodia and the Philippines and the development and operation of casinos and gaming venues in the Indo-China region under its "Dreamworld" brand. The Company also manufactures and sells RFID and traditional gaming chips and plaques to major casinos under its "Dolphin" brand.
SOURCE Entertainment Gaming Asia Inc.
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