GVC Holdings PLC (AIM:GVC), a leading online sports betting and gaming group, notes the recent press speculation and confirms that it has submitted a proposal with a view to the Group acquiring the entire issued and to be issued share capital of bwin.party digital entertainment plc (“bwin.party”).
If the proposed transaction were to complete, it would be treated as a reverse takeover due to the size of bwin.party relative to the Company and, in order for the proposed transaction to proceed, it would require, inter alia, the approval of GVC shareholders.
There can be no certainty that the submission of this proposal will lead to the Company being selected as a proposed acquirer of bwin.party or, in turn, completing an acquisition. Further updates will be provided in due course.
For further information:
|Cenkos Securities plc (Nomad & Broker)||Tel: +44 (0) 20 7397 8900|
|Mark Connelly, Stephen Keys, Callum Davidson|
|Bell Pottinger||Tel: +44 (0) 20 3772 2500|
|David Rydell, James Newman|
About GVC Holdings PLC
GVC Holdings PLC is a leading e-gaming operator in both b2c and b2b markets. Its core brands are CasinoClub, Betboo and Sportingbet. The Group has over 700 employees/consultants and is headquartered in the Isle of Man and has licenses in Malta, Germany, Denmark, UK, South Africa, Italy, Alderney and the Dutch Caribbean.
Further information on the Group is available at www.gvc-plc.com