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: egtinfo@morrowco.com
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.