Bragg Gaming shareholders reject CEO’s board re-election

• Matevž Mazij did not receive a majority of votes at Bragg’s June 18 annual general meeting in Toronto, with 55.67% of shares cast against him.
• Under the company’s majority voting policy and the Canada Business Corporations Act, Mazij has submitted a resignation offer to the board.
• All five other director nominees were re-elected, with individual support ranging from 82.69% to 99.84%.

Bragg Gaming Group CEO Matevž Mazij did not receive a majority of shareholder votes for his re-election to the board at the company’s annual general meeting, held June 18, 2026, in Toronto.

Vote results

Mazij received 44.33% of votes in favor of his re-election, with 55.67%, representing 6,288,503 shares, cast against him. The figures are drawn from Bragg’s published voting results, issued the same day as the meeting.

The company stated that Mazij did not receive a majority of the votes cast for his re-election. Accordingly, Mazij has complied with the company’s majority voting policy and submitted a resignation offer to the board. In accordance with that policy and the Canada Business Corporations Act, Mazij will continue to serve as a director until the resignation offer is accepted and becomes effective, his successor is appointed or elected, or 90 days pass from June 18.

The other nominees on the ballot were all re-elected. Holly Gagnon received 83.90% support, Donald Robertson 87.04%, and Aaron Baryoseph 82.69%. Mark Clayton and Thomas Winter received the two highest individual totals at the meeting, at 99.34% and 99.84% respectively.

MNP LLP was re-appointed as auditors with 99.71% of votes in favor.

Mazij’s background at Bragg

Mazij founded Oryx Gaming in Slovenia in 2010, building it into a full turnkey iGaming technology provider. Bragg Gaming Group acquired the company in 2018, and Mazij continued as Oryx CEO through the post-acquisition integration period until 2021, when he joined the Bragg board of directors. He was appointed Chair of the Board in June 2023 and Chief Executive Officer in August 2023.

As of the May 6, 2026 record date, Mazij beneficially owned 3,395,000 shares, or 13.28% of outstanding common shares, through his holding company K.A.V.O. Holdings Limited, as set out in Bragg’s management information circular dated May 15, 2026.

That stake reflected an earlier reduction. In February 2026, the board approved a limited waiver of the company’s trading blackout to allow Mazij to complete a private block sale of 1,039,000 common shares to a single purchaser at C$2.00 per share, generating gross proceeds of C$2,078,000.

The board granted the waiver in response to a request from Mazij to address urgent personal financial circumstances, and the transaction was executed through K.A.V.O. Holdings Limited.

What follows the vote

Bragg has maintained an active corporate agenda in the months preceding the meeting.

The company entered a binding term sheet in May 2026 to acquire Drayton International, a diversified gaming technology and content platform. It also confirmed a partnership with 711 Group for a sportsbook launch in Belgium, powered by Kambi.

The board now has up to 90 days to decide whether to accept Mazij’s resignation offer. The company’s governance and leadership structure will depend on that decision.

Mazij holds the CEO position independently of his board seat, meaning any acceptance of the resignation offer would not automatically alter his executive role, leaving the board to address both questions separately.