Exercise of Share Options

RNS Number : 5560K

GVC Holdings PLC

26 June 2014

 



Press Release

26 June 2014

GVC Holdings PLC

("GVC" or the "Company")

Exercise of Share Options

GVC Holdings PLC (AIM:GVC), the multinational sports betting and gaming group, announces the exercise of 343,053 share options (the "Options") by Sarossa Capital Limited (previously known as Antisoma plc). 

As disclosed in the Company's prospectus dated 25 January 2013, GVC granted, or agreed to grant Antisoma plc options over a total of 343,053 ordinary shares of €0.01 par value each in the capital of the Company ("Ordinary Shares"), pursuant to GVC's acquisition of Sportingbet plc, which completed in March 2013.  The Options were granted at market price on the date of their respective grants, but with a dividend credit mechanism which adjusted the Options' exercise prices relative to all dividends declared by GVC from the date of the grants up until exercise.  The Options' average exercise price is therefore approximately £1.89 per share. 

Application has been made for the 343,053 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will take place on 1 July 2014.

Following Admission, the Company will have 61,276,480 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 will be 61,276,480.

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.

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For further information:

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

Daniel Stewart & Company Plc	Tel: [phone]
David Hart / Paul Shackleton / Martin Lampshire	www.danielstewart.co.uk

Media enquiries:

Abchurch
Henry Harrison-Topham / Olivia Stuart Taylor	Tel: [phone]
[e-mail]	www.abchurch-group.com

About GVC Holdings PLC

GVC Holdings PLC is a multinational sports betting and gaming group.  Its core brands are CasinoClub, Betboo and Sportingbet.  The Group has over 600 employees and is headquartered in the Isle of Man and is licensed 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

 

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