Company Report
Last edited 11 months ago
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#Recent Acquisition
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Last edited 11 months ago

Recent Acquisition

·      January 2022 Jumbo Interactive acquires StarVale to expand UK Business. StarVale is a leading UK External Lottery Manager (ELM) and digital payments company, and the acquisition aligns with Jumbo’s strategy to build scale in its Managed Services and Software-as-a- Service (SaaS) business segments. Jumbo will conditionally acquire StarVale for ~A$32.1 million4 (~£17.0 million), and up to ~A$7.5 million (£4.0 million) to ~A$8.5 million (£4.5 million) of deferred consideration, payable following 30 June 2023 and subject to achieving certain earnings hurdles. https://announcements.asx.com.au/asxpdf/20220127/pdf/455b5rf0k4lyrg.pdf

·      August 2021 Jumbo enters Canadian charity lottery market with acquisition of Stride. A$11.7m. Calgary-based Stride provides services to over 750,000 active lottery players in the Alberta and Saskatchewan provinces. https://announcements.asx.com.au/asxpdf/20210826/pdf/44zr50z8w859ch.pdf

·      November 2019 Jumbo to enter UK market with acquisition of Gatherwell Ltd. a private limited liability company founded in 2013 and located in Oxford, UK for ₤5.0 million cash (~A$9.1 million). https://announcements.asx.com.au/asxpdf/20191112/pdf/44bh7smh00t2bm.pdf

#Management Inside Ownership
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Last edited 11 months ago

Inside Ownership          Ordinary Shares    % JIN Issued           Net Value at $14.90

Directors

Mike Veverka   8,992,226  14.28%   133,984,167 

Susan Forrester 35,098  0.06%    522,960 

Sharon Christensen 7,282  0.01% 108,502 

Giovanni Rizzo 6,000  0.01% 89,400 

Other key management personnel

David Todd 62,470 0.10% 930,803 

Xavier Bergade 312,470 0.50% 4,655,803 

Brad Board  40,288  0.06% 600,291 

Abby Perry   -    0.00% -

Total                                 9,455,834                 15.01%                       140,891,927  

*David Todd Resign CFO unseen health issue Oct 23


Recent Management Buying

Buy 17 Nov 23 Giovanni Rizzo            2000 Shares at $14.02 ($28,040) 

Management Bios from Investor Relations

Mike Veverka - Founder, CEO and Executive Director

Mike Veverka is CEO and founder of Jumbo Interactive. He has a proven track record in business and computing, establishing several successful startups to meet new consumer demands for online products. His entrepreneurial flair and ambition for innovation were displayed at the age of fifteen when he created and sold his first software package to Hewlett Packard. Mike worked as a design engineer and computer programmer before founding Squirrel Software Technologies, a company that provided some of Australia’s first internet services and e-commerce software. As founder and leader, Mike plays a pivotal role in the growth strategy, innovation and promotion of Jumbo.

Susan Forrester AM - Chair & Non-Executive Director

Sue has served as chair and non-executive director on multiple ASX-listed companies over the past 10 years. Sue has broad experience in setting strategic direction, and has also held roles with specific responsibility for corporate governance and compliance. A qualified lawyer, Sue has an EMBA from the Melbourne Business School, and is a Fellow and Councillor of the Australian Institute of Company Directors. She is a Member (AM) in the General Division of the Order of Australia for significant service to business through governance and strategic roles and as an advocate for women. Her strengths lie in strategy and governance within industries that are undergoing rapid change.

Sharon Christensen -Non-Executive Director

Professor Sharon Christensen has 29 years of commercial, legal and regulatory experience and is a research leader in regulatory responses to digital innovation and disruption. Most recently, Sharon was a Non-Executive Director of Property Exchange Australia Ltd, the operator of the national online property exchange network. Sharon holds a Bachelor of Laws (Honours) and Master of Laws and is a member of the Australian Institute of Company Directors.

Giovanni Rizzo - Non-Executive Director

Giovanni Rizzo is a specialist in the gaming industry with over 20 years’ experience in various management roles of large listed lottery, casino and electronic gaming machine businesses in South Africa, Canada and Australia. Giovanni was Head of Investor Relations at Tatts Group Limited prior to the merger with Tabcorp Holdings Limited in 2017. He is currently the General Manager of Corporate Advisory at Tyro Payments Limited overseeing the Legal, Company Secretarial, Financial Advisory and Investor Relations divisions.

Brad Board - Chief Operations Officer

Having joined Jumbo in 2001 Brad has been actively involved in Jumbo’s evolution and growth into the leading digital lottery business it is today. Brad has significant lottery and ecommerce experience and is responsible for ensuring that the Jumbo brand, digital experiences and service offerings engage and satisfy its 2,000,000+ customers in Australia and internationally. In addition to responsibility for Jumbo’s marketing and product strategy, Brad ensures various departments and subsidiaries are interacting efficiently with each other and in accordance with Jumbo’s overall strategic goals.

Abby Perry - Chief People Officer

Prior to joining Jumbo in 2016, Abby spent several years as a Human Resources professional working for international IT and Media companies in London. As Chief People Officer, Abby partners with the business in all aspects of HR including strategy, recruitment, learning and development, performance management and organisational effectiveness. With extensive HR experience and a passion for people, Abby seeks to ensure the success of Jumbo’s biggest asset – our people.