GVC Holdings PLC (AIM:GVC), a leading provider of services to the online gaming industry, announces that Richard Cooper, Group Finance Director, has exercised 58,333 share options and has retained the new ordinary shares resulting from this exercise. The share options were issued to Mr Cooper when he joined GVC five years ago.
The combination of the exercise price (126 pence per ordinary share) and the income tax and employee’s national insurance on the nominal gain (105 pence per ordinary share) represents a further investment in the shares of GVC by Mr Cooper of £134,750 and brings his total interest to 300,000 ordinary shares in the Company.
This purchase goes towards Mr Cooper’s obligation to reinvest 20 per cent. of his post tax bonuses in shares in the Company. Following this option exercise, Mr Cooper has a beneficial interest in 300,000 Ordinary Shares in GVC, representing 0.49 per cent. of GVC’s share capital.
Lee Feldman (Chairman) and Kenneth Alexander (Chief Executive) have already satisfied their reinvestment obligations.
Application hasbeen made for the 58,333 new ordinary shares to be admitted to trading on AIM (“Admission”) and it is expected that Admission will take place on 24 December 2013.
Following Admission, the Company will have 60,906,760 ordinary shares in issue. The Company does not hold any ordinary shares in treasury. Therefore the total number of ordinary shares in the Company with voting rights is 60,906,760.
The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.
For further information:
|GVC Holdings PLC|
|Kenneth Alexander, Chief Executive Officer||Tel: +44 (0) 20 7398 7702|
|Richard Cooper, Group Finance Director||www.gvc-plc.com|
|Daniel Stewart & Company Plc||Tel: +44 (0) 20 7776 6550|
|David Hart / Paul Shackleton / James Felix||www.danielstewart.co.uk|
|Henry Harrison-Topham / Shabnam Bashir||Tel: +44 (0) 20 7398 7702|
About GVC Holdings PLC
GVC Holdings PLC is a leading provider of services to the online gaming industry. Its core brands are now CasinoClub, Betboo and Sportingbet. The Group has over 600 employees and is headquartered in the Isle of Man and is licensed in Malta, the UK, South Africa, Italy, Germany Denmark, Alderney and the Netherlands Antilles.
GVC is financially focused on generating cash and returning a high proportion of this to shareholders by way of dividends. From 2007, GVC has declared over €85 million or £2.00 per share via dividends to its shareholders. Further information on the Group is available at www.gvc-plc.com