The directors of GVC note the recent press speculation concerning the Company’s proposal to acquire bwin.party digital entertainment plc (“bwin.party”) at 110p per bwin.party share comprised of a combination of new GVC shares and cash (as announced on 9th July 2015) and following the announcement issued on Friday 17th July 2015 by 888 Holdings plc (“888”) concerning 888’s recommended offer for bwin.party at 104.09 per bwin.party share (based on the 888 closing price on 16th July 2015 of 160 pence per 888 share).
There can be no certainty that an offer for bwin.party will be made by the Company. However, the GVC Board confirms that it is considering the Company’s options regarding bwin.party and will update shareholders accordingly.
For further information:
|Cenkos Securities plc (Nomad & Broker)||Tel: +44 (0) 20 7397 8900|
|Mark Connelly, Stephen Keys, Callum Davidson|
|Houlihan Lokey (Financial Adviser)||Tel: +44 (0) 20 7839 3355|
|Bell Pottinger||Tel: +44 (0) 20 3772 2496|
|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, Denmark, UK, South Africa, Italy, Alderney and the Dutch Caribbean.
Further information on the Group is available at www.gvc-plc.com