The Board of GVC Holdings PLC (AIM:GVC), a leading online gaming company, notes the recent press speculation and announces that it is in exclusive discussions with Sportingbet PLC regarding the possible purchase of the latter’s Turkish language website business (the ‘Transaction’). Such a transaction, if completed, would constitute a Reverse Takeover under the AIM Rules. In accordance with the AIM Rules, trading in the Company’s ordinary shares will be suspended from 7.45 a.m. this morning, pending publication of a re-admission document.
These discussions are at a preliminary stage and there can be no certainty that they will be concluded successfully. A further announcement will be made in due course.
For further information:
|GVC Holdings PLC|
|Kenneth Alexander, Chief Executive Officer||Tel: +44 (0) 20 7398 7702|
|Richard Cooper, Group Finance Director||www.gamingvc.com|
|Arbuthnot Securities Limited||Tel: +44 (0) 20 7012 2000|
|James Steel / Antonio Bossi|
|Henry Harrison-Topham / Oliver Hibberd||Tel: +44 (0) 20 7398 7702|
About GVC Holdings PLC
GVC Holdings PLC is a leading online gaming company. The Group is headquartered in the Isle of Man and is licensed in Malta, and the Netherlands Antilles.
In December 2004, the shares of Gaming VC Holdings S.A., GVC’s predecessor company, were admitted to the AIM market of the London Stock Exchange. The GVC Group has not and has never transacted wagering activity by players in the US. Further information on the Group is available at www.gamingvc.com.