EGM regarding old Luxembourg

RNS Number : 1319Y

GVC Holdings PLC

17 December 2010

 



Press Release

17 December 2010

GVC Holdings PLC

("GVC" or the "Group")

EGM in relation to the liquidation of the old Luxembourg holding company,

Gaming VC Holdings S.A.

On 21 May 2010, shareholders voted for the redomiciliation of the Group from Luxembourg to the Isle of Man.

This was achieved through the creation of a new holding company, GVC Holdings PLC, and by admitting its shares onto AIM.  The assets and liabilities of Gaming VC Holdings S.A. ("Gaming VC", the old Luxembourg company) were transferred to the new company, GVC, as part of this process.  Gaming VC's shares were then delisted from AIM and today have negligible value.

As part of the technical administration process to liquidate Gaming VC, shareholders of that old company at 21 May 2010 are now being asked to vote to liquidate that company which in turn would reduce the professional costs of retaining a dormant company.

Such shareholders will be receiving the notice of the EGM along with a form of proxy.  Copies of these are available on the Company's website.

The Board of GVC urges shareholders to send in their proxy ahead of the EGM on 21 December 2010.

- Ends -

For further information:

GVC Holdings PLC
Kenneth Alexander, Chief Executive Officer	Tel: [phone]
Richard Cooper, Group Finance Director	www.gamingvc.com

Arbuthnot Securities Limited	Tel: [phone]
James Steel / Ed Gay

Media enquiries:

Abchurch
Henry Harrison-Topham / Nick Probert	Tel: [phone]
[e-mail]	www.abchurch-group.com

About GVC Holdings PLC

GVC Holdings 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.

 

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